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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Research on Financial Risk Management Strategies Based on Big Data

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DOI: 10.25236/icamfss.2024.020

Author(s)

Xueyang Li

Corresponding Author

Xueyang Li

Abstract

The irrational application of big data technology may lead to financial risks in enterprises, posing a serious challenge to creating a stable financial management environment. The article takes the irrational application of big data technology in financial risk management as the research object and sorts out its basic manifestations and characteristics. After conducting an in-depth analysis of the emotional presentation and reasons for the irrational application of big data technology, it is proposed that strategies to address the irrational application of big data technology should focus on strengthening data quality control, optimizing risk prediction models, improving risk identification capabilities, and improving risk response mechanisms, to promote the rational and healthy development of enterprise financial management environment.

Keywords

Big Data Technology; Financial Risk Management; Risk Prediction; Risk Identification; Risk Response