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Big Data: Challenges and Opportunities in Financial Management (Big data: wyzwania i szanse w zarzadzaniu finansami)

Author

Listed:
  • Olga Pilipczuk

    (University of Szczecin)

  • Natalia Cosenco

    (Senior Accounting & Tax Analyst at Maison Birks, CPA/MSC, Montreal, Quebec)

  • Olena Kosenko

    (Odessa National Polytechnic University)

Abstract

This paper describes the challenges and opportunities of using “big data” in the practice of financial management. The research question addressed in this work is what the major topics in existing research concerning the demand for big data skills are and where the resulting gaps in financial management occur. The experts noticed the transformation of the finance manager profession and predict that in next decade big data skills will be required for financial managers. Th e purposes of the paper are: to analyze the current state of the financial manager profession in selected labor markets, to identify the number of job positions with big data skills currently needed and to check additional skills and competencies needed in practice. The purpose of the literature study is to highlight the opportunities and challenges of big data technologies in financial management. To present a snapshot of big data skills demand in the European labor market for financial managers, we conducted research which reveals core skills currently needed for this position. We examined the most popular job search websites to find finance managers job openings that require big data skills in selected European countries. In conclusion, we provide potential areas for further research.

Suggested Citation

  • Olga Pilipczuk & Natalia Cosenco & Olena Kosenko, 2019. "Big Data: Challenges and Opportunities in Financial Management (Big data: wyzwania i szanse w zarzadzaniu finansami)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 17(85), pages 9-23.
    • Handle: RePEc:sgm:pzwzuw:v:17:i:85:y:2019:p:9-23
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    More about this item

    Keywords

    big data; financial management; accounting; labor market;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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