The Improvement of Corporate Performance Based on the Application of Big Data Technology

Abstract

Studying the impact of applying big data technology on corporate performance can help popularize and promote financial services, advance management accounting development, and help enterprises improve information collecting and analyzing ability. The concepts of cloud accounting and cloud computing based on big data provide an excellent prerequisite for enterprises to establish and improve the financial sharing service center. This paper details the development process and effectiveness of applying big data technology and financial sharing service center. With fortune 500 enterprises in China in 2019 selected as research samples, eight financial indicators that can reflect the comprehensive performance of enterprises are selected to study the impact of implementation of big data technology on corporate performance based on panel data regression model. Finally, the empirical results of this paper indicate that big data technology affect enterprises mainly by reducing costs and improving benefits, increasing operational efficiency, strengthening management and control capabilities, improving business results and enhancing corporate performance. This paper analyzes the empirical results and provides suggestions on the implementation of big data technology for development.