The Transformative Power of Big Data: Leveraging Insights for Economic Growth, Environmental Preservation, and Societal Well-being

International Journal of Green Management and Business Studies
Vol.3 No.2 December 2023

DOI https://www.doi.org/10.56830/IJGMBS12202303

Authors

Amr Mohamed Abdeldayem

Abstract

Due to the digitization revolution triggered by high-efficiency and low-price devices, the volume of data available worldwide has increased. Specialists have noted the flood of data called big data. Researchers and statisticians have begun to develop ways to use the big data obtained to improve human life, in the sense of considering its use. Indeed, the impact of big data has reached various areas. The data available from the databases have been analyzed and turned into information to obtain new concepts and ideas that benefit individuals and institutions in improving the economies of societies, achieving competitiveness, preserving the environment and health, protecting society and meeting needs, improving living standards, etc. As a result of the improvement in the use of big commercial and financial data, and the near future, and the improvement of commercial and financial policies to answer the study’s dilemma, documentary, and literary sources were used as tools for gathering information to analyze the subject.
Keywords: Big data, sustainable development, trade decision-making, improved performance.

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