Big Data Technology in Corporate Financial Analysis: A Systematic Literature Review
DOI:
https://doi.org/10.71204/rdgxkd34Keywords:
Big Data Technology, Financial Analysis, Data Integration, Decision SupportAbstract
In the digital era, the rapid advancement of information technology and the deepening of corporate digital transformation have made big data technology an indispensable tool for supporting financial analysis. This paper presents a comprehensive review of the application of big data technology in corporate financial analysis, systematically synthesizing relevant studies from both domestic and international literature. First, it outlines the fundamental concepts of big data technology and corporate financial analysis, followed by a critical examination of existing research from three perspectives: technology types, application domains, and research methodologies. Building on this analysis, the paper proposes a "technology–data–decision" mechanism of action and elaborates on specific application scenarios within corporate financial analysis, including refined cost management, decision-support analytics, risk management and early warning, as well as customer value and profitability assessment. Subsequently, it synthesizes the limitations of current research and highlights promising avenues for future inquiry. The findings of this review offer valuable insights for enterprises seeking to achieve a deeper integration of financial analysis and big data technologies in the information age.
References
Abawajy, J., Choo, K.-K. R., & Islam, R. (Eds.). (2018). International conference on applications and techniques in cyber security and intelligence: Applications and techniques in cyber security and intelligence. Springer.
Chen, M., Mao, S., & Liu, Y. (2014). Big data: A survey. Mobile Networks and Applications, 19(2), 171–209.
Ding, S. Q., & Cui, W. F. (2017). Analysis on the implementation of financial shared services from the perspective of big data. Finance and Accounting, (3), 41–42.
Firmansyah, E. A., & Harsanto, B. (2023). Big data and Islamic finance. In I. Management Association (Ed.),Encyclopedia of data science and machine learning (pp. 130–145). IGI Global.
Hu, T. F., & Tsai, F. S. (2025). Enhancing economic resilience through multi-source information fusion in financial inclusion: A big data analysis approach. Journal of the Knowledge Economy, 16(1), 2582–2600.
Jin, Y., Zhuang, L. Y., Wei, Z., & Li, C. Z. (2023). Financial analysis based on ChatGPT: Framework, application and effect evaluation. Finance and Accounting Monthly, 44(19), 24–30.
Kumar, J., Rani, G., Rani, M., & Rani, V. (2025). Big data analytics adoption and its impact on SME market and financial performance: An analysis using the Technology-Organisation-Environment (TOE) Framework. Creativity and Innovation Management, 34(1), 123–145.
Li, X. F. (2020). Research on financial efficiency of Yunnan Baiyao based on big data. E3S Web of Conferences, 214, Article 03046.
Li, X., Wang, Z., & Chen, H. L. (2018). A brief analysis of enterprise financial analyst under big data. Finance and Accounting, (21), 50.
Lin, M. (2022). Exploration of financial risk early warning model based on big data: A review of Big Data Financial Analysis. China Science Paper, 17(2), 233.
Pejic Bach, M., Krstić, Ž., Seljan, S., & Turulja, L. (2019). Text mining for big data analysis in financial sector: A literature review. Sustainability, 11(5), Article 1277.
Qi, E., & Deng, M. (2019). R&D investment enhance the financial performance of company driven by big data computing and analysis. Computer Systems Science and Engineering, 34(4), 237–248.
Qiao, B. Q., Duan, Q. H., & Gao, C. L. (2021). Enterprise big data analysis and mining and application practice of big data BI tools. Friends of Accounting, (24), 131–137.
Wang, X. (2019). Analysis of the impact of big data on the financial risk management of e-commerce enterprises. People's Tribune: Academic Frontier, (24), 122–125.
Werner, M., Wiese, M., & Maas, A. (2021). Embedding process mining into financial statement audits. International Journal of Accounting Information Systems, 41, Article 100514.
Zhang, C. (2021). The application of financial analysis based on the perspective of big data. In 2021 International Wireless Communications and Mobile Computing (IWCMC) (pp. 1530–1533). IEEE.
Zhang, C., Xiao, C., Zhu, W. D., Chen, X. L., & Li, Z. X. (2019). Financial intelligent visual analysis and literature review. Finance and Accounting Monthly, (3), 24–32.
Zhang, H. Y., & Wang, C. S. (2016). Opportunities and challenges in the field of financial analysis in the era of big data. Communications of Finance and Accounting, (5), 84–85.
Zhang, M. L. (2022). Research on the application of big data technology in enterprise financial analysis: A review of Big Data Financial Analysis: Based on Python. China Science Paper, 17(10), 1181.
Zhang, M., Wu, T., Shi, C. L., & Jia, L. (2022). Types and training modes of intelligent financial talents: A preliminary framework. Accounting Research, (11), 14–26.
Zhang, W., Jin, X., & Li, A. (2022). Financial analysis based on natural language processing technology: A case study of BYD Company. Friends of Accounting, (23), 28–36.
Zhou, D. L., & Yang, X. (2023). Influencing factors and realization paths of enterprise financial digital transformation: An exploratory study based on grounded theory. Journal of Management Case Studies, 16(05), 613-626.
Zhu, X. Y. (2024). Construction of an innovative system for big data financial analysis. Friends of Accounting, (15), 58–65.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Sihan Zhang (Author)

This work is licensed under a Creative Commons Attribution 4.0 International License.
All articles published in this journal are licensed under the Creative Commons Attribution 4.0 International License (CC BY 4.0). This license permits unrestricted use, distribution, and reproduction in any medium, provided the original author(s) and source are properly credited. Authors retain copyright of their work, and readers are free to copy, share, adapt, and build upon the material for any purpose, including commercial use, as long as appropriate attribution is given.