External Factors affecting the Influence of the Big Data Technological Revolution in Local Corporations

Authors

  • Lance Adams Lincoln University College
  • Jayasekara

Abstract

Big Data technology has radically transformed the operational frameworks of organizations in virtually all sectors at the local level, with the impact varying with different external contexts. This study empirically examines the factors that impact the effective implementation and absorption of Big Data technologies at the local level of the business environment. A systematic literature review methodology was employed to analyze a collection of 95 articles published from 2010 to 2023. The findings indicate that Big Data's influence on local enterprises depends on a variety of factors, which include government policies, regulatory structures, infrastructure, privacy concerns, market competition, and employee willingness. The study also indicates that, with the tremendous potential to enhance decision-making processes and operational efficacy, the full benefits of Big Data have not yet been realized due to issues accounting for this lack of realization, such as insufficient infrastructure, lack of skilled personnel-planning, and regulatory limitations. To maximize the utility of Big Data technology, it is imperative to bring resources into infrastructure, support by the government, and capacity-building within data governance methods. The research results are of significance to policy makers, business executives, and stakeholders intending to use Big Data for competitive advantage and sustainable standing.

      Keywords: Big Data, technological revolution, local corporations, external influences, government regulations, infrastructure advancement, data privacy, market competition

 

Additional Files

Published

2025-01-30