Search

Research on Building a Financial Risk Early Warning Mechanism for Enterprises in the Context of Big Data

Author(s)

Liu Xiang

Affiliation(s)

School of Business, Wuhan Huaxia Institute of Technology, Wuhan, Hubei, China

Abstract

In light of the ongoing advancements in the economy and society, enterprises are increasingly confronted with uncertainties within a highly competitive landscape, which poses potential risks to their growth. Conversely, the advent of the digital economy has introduced novel opportunities for the identification of financial risks. Organizations can leverage big data technologies to establish financial risk warning mechanisms, thereby enhancing their capabilities in risk identification, improving the efficiency of financial management, and fostering sustainable development. This article primarily examines the financial risk warning mechanisms of enterprises within the context of big data. It begins with the processes of data collection and organization, subsequently constructing a financial risk warning framework based on the sequence of “financial risk identification, financial risk evaluation, and financial risk warning.” The study identifies challenges related to financial risk warning in Chinese enterprises in the context of big data and proposes countermeasures and recommendations, with the aim of providing insights for the long-term, healthy development of Chinese enterprises.

Keywords

Big data; Financial Risk; Financial Risk Identification; Financial Risk Assessment; Financial Risk Warning

References

[1] Hua J. Exploration of Optimization Strategies for Enterprise Financial Risk Warning Mechanism under the Background of Big Data Era. Modern Business, 2024, (05): 161-164. [2] Zhang S M. Research on Enterprise Financial Risk Warning Mechanism under the Background of Big Data. Management and Technology of Small and Medium sized Enterprises, 2022 (06): 79-81. [3] Wang Z B, Zheng X X, Lu K. Research on Enterprise Blockchain+Financial Risk Warning under the Background of Digital Economy. Heilongjiang Science, 2022, 13 (22): 115-117. [4] Song C. Exploration of Optimization Strategies for Enterprise Financial Risk Warning Mechanism under the Background of Big Data Era. Chinese Market, 2023 (36): 134-137. [5] Ma J Z. Research on the Construction of Enterprise Financial Risk Early Warning System. Accountant, 2023 (01): 59-61. [6] Long Z, Chen X Z. Construction and Verification of Enterprise Financial Risk Warning Model. Finance and Accounting Monthly, 2023, 44 (24): 54-61. [7] Zhao W P, Wang Y Y, Zhang Y N, et al. Financial Risk Warning Model for Listed Companies Based on Bayesian Networks. Finance and Accounting Monthly, 2015, (23): 66-69. [8] Li Y M. Application Research on Enterprise Financial Risk Warning under Artificial Intelligence Technology. Taxation, 2020, 14 (13): 83-84. [9] Wang J Y. Research on Enterprise Financial Risk Control and Optimization under the Background of Big Data. Modern Business, 2024, (12): 180-183. [10] Li X. Application of Artificial Intelligence in Enterprise Financial Risk Prevention and Control - Based on Big Data Environment. Finance and Accounting Communication, 2021, (22): 137-142. [11] Zhao Y Y. Research on Countermeasures for Enterprise Financial Risk Warning Mechanism under the Background of Big Data. Modernization of Shopping Mall, 2021 (06): 141-143.