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Big Data'S Economic Impact For Policy Making: The Way Forward?

Author

Listed:
  • Andrei Marcel MANOLE

    (“Valahia” University of Targoviste, Romania)

  • Mihaela Hortensia HOJDA

    (“Valahia” University of Targoviste, Romania)

  • Liviu Constantin DAFINA

    (“Valahia” University of Targoviste, Romania)

  • Anda Ileana NECULA

    (“Ion Ghica” Economic College, Targoviste, Romania)

Abstract

This article considers big data’s impact on business and policy, aiming to understand challenges, opportunities as well as the limitations of the current analysis framework. The study focuses on big data and the analysis of its’ usage in the framework of both public policy and private sector. Similarly to other goods with dual usage, big data is considered both as an opportunity and a challenge, due to implied sectors in this respect, i.e., the economic and political ones. The paper searches for consistency in between economics and politics via big data usage and integration, especially as the state-conducted policy making attempts to respond to private sector needs, trying also to mimic the performance management styles. Simultaneously, private companies have to comply with rules and regulations. The conclusions outline the resistance in big data usage within the decision-making process, as result of human willingness or lack of correlations.

Suggested Citation

  • Andrei Marcel MANOLE & Mihaela Hortensia HOJDA & Liviu Constantin DAFINA & Anda Ileana NECULA, 2024. "Big Data'S Economic Impact For Policy Making: The Way Forward?," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 9(3), pages 32-37.
    • Handle: RePEc:brc:brccej:v:9:y:2024:i:3:p:32-37
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    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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