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The Practice of Integration of Industry and Finance Based on Multi-System Integration and Multi-Source Data Cleaning

In: Proceedings of the 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024)

Author

Listed:
  • Weiye Xu

    (Hohai University)

Abstract

With the high-quality development of the economy and society and the continuous innovation and application of technologies such as cloud computing and artificial intelligence, the scale of the big data industry has grown rapidly, promoting the deep integration of the digital economy and the real economy. The trend of in-depth development of the big data economy is also leading the digital transformation of enterprise management models. As early as 2014, the “Guiding Opinions of the Ministry of Finance on Comprehensively Promoting the Construction of Management Accounting System” pointed out that it is necessary to organically integrate financial and business activities through the use of relevant information. After ten years of development, the internal integration of the financial system has been basically completed, and the perspective of enterprises and scholars has gradually shifted to the integration of business and financial activities, and the concept of “integration of industry and finance” has been proposed and developed. At present, the theory and practice of the integration of industry and finance are becoming more and more mature, but there is still little research on the related issues of multi-system integration and multi-source data cleaning. In order to further use big data technology to develop the practice of industry-finance integration and promote the improvement of internal management and production efficiency of enterprises, this paper uses SUMEC as a case study to provide opinions and suggestions for companies interested in developing a more integrated, flexible and efficient industry-finance integration model.

Suggested Citation

  • Weiye Xu, 2025. "The Practice of Integration of Industry and Finance Based on Multi-System Integration and Multi-Source Data Cleaning," Advances in Economics, Business and Management Research, in: Manhui Huang & Vilas B. Gaikar & Md Rabiul Islam & Ivan Krumov Todorov (ed.), Proceedings of the 2024 6th Management Science Informatization and Economic Innovation Development Conference (MSIEID 2024), pages 96-102, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-676-5_11
    DOI: 10.2991/978-94-6463-676-5_11
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