Big Data Analytics in Financial Accounting: Opportunities And Challenges

Large volumes of unstructured data collected from many sources and kept in multiple formats make up big data in accounting and finance. It is often measured in terabytes and zettabytes and arrives so quickly that a standard server cannot handle it. Big data in accounting and data science, which provides real-time access to the data, enables accountants to identify issues so that businesses may make decisions based on verified facts and evidence rather than speculation. As a result, understanding big data analytics in accounting has become crucial for professionals in the finance and accounting fields. The Journal of Big Data and Accounting Data Science is are important resource for understanding the area of data science and analytics.BDA adoption is still in its early stages, with many healthcare institutions considering implementing BDA systems. In order to improve healthcare facilities by keeping patient health records and developing better plans, now is the best moment to adopt or install BDA systems, particularly in healthcare companies. This study contributes to the literature by emphasizing the essential components needed to establish the BDA system. Because they identify early elements that strategy makers should take into account while implementing a BDA system, the study's findings are especially important.