Indonesian Journal of Strategic Management
Vol 6, No 1 (2023): Indonesian Journal of Strategic Management

BIG DATA: AN INDISPENSABLE RESOURCE FOR BUSINESS MANAGEMENT IN NIGERIA

Grace Aruoriwo-oghene Addah (Department of Business Administration and Management Delta State Polytechnic, Ogwashi-Uku)
Oghenenyerhowvo Shulammite OMOGBIYA (Department of Business Administration Delta State University of Science and Technology, Ozoro)



Article Info

Publish Date
11 Mar 2023

Abstract

Big Data opens up new business opportunities, and businesses can use it to gain a competitive advantage. New technologies are expected to be used in business management, particularly in data exchange, document recognition, communication and text recognition, receipt and payment transactions, and excel replacement. Big Data has evolved to account for the rapidly increasing quantities of digital information systems generated, the effort required to create information that can be analyzed, and the actual use of that data as capital to increase efficiency and improve business management decision-making. Against this backdrop, this research investigates the importance of Big Data in business management in Nigeria. In order to gather data for this study, relevant information was extracted from books, conference papers, public records, journals, and other sources. This study comes to the conclusion that efficient data use is becoming the foundation of competition; Big Data fundamentally alters how companies compete and function. Businesses in Nigeria that make the necessary investments and successfully extract value from their data will have a clear advantage over their rivals. Almost every aspect of business, from research and development to sales, marketing, and supply-chain management, including new growth opportunities, has the potential to be transformed by Big Data. The study among others recommends strategies to optimize the benefits of Big Data for business value in Nigeria. This study is significant because it investigates a problem in a largely unexplored area of research in Nigeria. As a result, this research adds to the body of knowledge on the role of Big Data in business management in Nigeria.

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Journal Info

Abbrev

ijsm

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

IJSM: Indonesian Journal of Strategic Management with p-ISSN 2614-5391 and e-ISSN 2614-2406 is a peer reviewed journal published in Indonesia by the Department of Management, Faculty of Economic and Business, the University of Kuningan (Prodi Manajemen FEB UNIKU). This Journal is published twice a ...