Big Data and Its Impact on the Iranian Banking Industry Achieving Competitive Advantage

Subject Areas : Industrial Management

foad  Kouhzadi ¹ (PhD Student, Management, Ajab Shir Branch, Islamic Azad University, Ajab Shir, Iran)
hossin  gharebiglou ² (Assistant Professor of Management, Ajab Shir Branch, Islamic Azad University, Ajab Shir, Iran)
hossin  boudaghi khaje nouber ³ (Assistant Professor, Department of Management, Tabriz Branch, Islamic Azad University, Tabriz, Iran)
yaghoub  alavi matin ⁴ (Assistant Professor, Department of Management, Tabriz Branch, Islamic Azad University, Tabriz, Iran)

Received: 2021-08-03 Accepted : 2022-05-01 Published : 2022-04-21

Keywords: Big data, Customer privacy issues, Banking, ethical, Achieving competitive advantage,

Abstract :

AbstractThe increasing volume and complexity of digital data and its role as a tool to support the competitive advantage for banks, has increased the need to use new tools and techniques in data acquisition, analysis and processing, and in this context, access to Data flow in new financial transactions has become more difficult, and this has doubled the need for bank managers to use the big data strategy to solve financial challenges and take advantage of opportunities to achieve a sustainable competitive advantage. The purpose of this study is to identify the effects of big data strategy on achieving a competitive advantage in the Iranian banking industry. Present the banking industry. The hypotheses of the model were evaluated using the views of the research sample, including CEOs, managers and employees of information and communication technology, managers and marketing staff of 20 banks through a questionnaire, and the results show that banks using macro strategy Data gains a competitive advantage. In addition, ethical issues and customer privacy affect the relationship between big data strategy and gaining a competitive advantage.

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