Design of an Enterprise Financial Risk Management System Based on Big Data Mining

Sun, Jianjun; Wang, Shuxiang; Yuan, Fang

doi:10.1109/iaai54625.2021.9699945

Cited by 1 publication

(1 citation statement)

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“…After years of development, the research on Hadoop in the financial field has achieved fruitful results ( Sun, Wang & Yuan, 2021 ; Li, Zhao & Chenguang, 2015 ). For example, Hadoop technology is used to deal with the storage and query of massive historical data in the Agricultural Bank of China.…”

Section: Literature Reviewmentioning

confidence: 99%

Design and analysis of management platform based on financial big data

Chen

Mustafa

Zhang

et al. 2023

PeerJ Computer Science

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Traditional financial accounting will become limited by new technologies which are unable to meet the market development. In order to make financial big data generate business value and improve the information application level of financial management, aiming at the high error rate of current financial data classification system, this article adopts the fuzzy clustering algorithm to classify financial data automatically, and adopts the local outlier factor algorithm with neighborhood relation (NLOF) to detect abnormal data. In addition, a financial data management platform based on distributed Hadoop architecture is designed, which combines MapReduce framework with the fuzzy clustering algorithm and the local outlier factor (LOF) algorithm, and uses MapReduce to operate in parallel with the two algorithms, thus improving the performance of the algorithm and the accuracy of the algorithm, and helping to improve the operational efficiency of enterprise financial data processing. The comparative experimental results show that the proposed platform can achieve the best the running efficiency and the accuracy of financial data classification compared with other methods, which illustrate the effectiveness and superiority of the proposed platform.

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Section: Literature Reviewmentioning

confidence: 99%