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The Role and Impact of Big Data in Organizational Risk Management

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The Effect of Information Technology on Business and Marketing Intelligence Systems

Part of the book series: Studies in Computational Intelligence ((SCI,volume 1056))

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Abstract

Technological advancement has exposed companies to various risks. With the adoption of technological infrastructures in many companies, various processes have been rendered vulnerable to different forms of threats. Evidence from the current empirical studies on organizational management indicates effective risk assessment is a crucial aspect in any organization. Global technological advancement has equally redefined risk assessment and management strategies. Global leading technology companies such as Apple Inc., Amazon Inc., and Google are leveraging modern technology to unlock hidden data to aid in risk assessment and management. As evidenced in this research report, the use of big data has revolutionized risk assessment in many companies across the world. Big data technology has enabled organizations to collect, store, and assess huge information to aid in risk assessment and management. The processes of risk identification, assessment, mitigation, monitoring, and reporting have been redefined due to the adoption of big data analytical technology. As a result, this research reviews the specific roles played by big data in organizational risks management. The research carries out a comparative case study analysis among three companies that utilize big data in risk management. Specifically, the roles of big data technology in risk management at Apple Inc., Amazon Inc., and at Google are identified. Results from this comparative analysis are used in formulating recommendations for various organizations that desire to adopt big data analytical technology in risk management.

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Authors and Affiliations

  1. Hamdan Bin Mohamad Smart University, Dubai, UAE

    Mounir El Khatib, Ahmad Ankit, Ishaq Al Ameeri, Hamad Al Zaabi & Rehab Al Marqab

  2. School of Business, Skyline University College, Sharjah, UAE

    Haitham M. Alzoubi

  3. Department of Marketing, School of Business, University of Jordan, Amman, Jordan

    Muhammad Alshurideh

  4. Department of Management, College of Business Administration, University of Sharjah, Sharjah, UAE

    Muhammad Alshurideh

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  1. Mounir El Khatib
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  2. Ahmad Ankit
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  3. Ishaq Al Ameeri
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  4. Hamad Al Zaabi
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  5. Rehab Al Marqab
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  6. Haitham M. Alzoubi
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  7. Muhammad Alshurideh
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Correspondence to Haitham M. Alzoubi .

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Editors and Affiliations

  1. Dept of Mngmnt, Cllg of Busness Admin, University of Sharjah, Sharjah, United Arab Emirates

    Muhammad Alshurideh

  2. Department of Business Administration, Faculty of Economics and Administrative Sciences, Hashemite University, Zarqa, Jordan

    Barween Hikmat Al Kurdi

  3. Management Information Systems Department, School of Business, University of Jordan, Aqaba, Jordan

    Ra’ed Masa’deh

  4. Skyline University College, Sharjah, United Arab Emirates

    Haitham M. Alzoubi

  5. Research Institute of Sciences and Engineering, University of Sharjah, Sharjah, United Arab Emirates

    Said Salloum

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El Khatib, M. et al. (2023). The Role and Impact of Big Data in Organizational Risk Management. In: Alshurideh, M., Al Kurdi , B.H., Masa’deh, R., Alzoubi , H.M., Salloum, S. (eds) The Effect of Information Technology on Business and Marketing Intelligence Systems. Studies in Computational Intelligence, vol 1056. Springer, Cham. https://doi.org/10.1007/978-3-031-12382-5_117

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