Leveraging Big Data Analytics for Risk Assessment and Regulatory Compliance Optimization in Business Operations
Journal Title: Engineering and Technology Journal - Year 2025, Vol 10, Issue 05
Abstract
In the modern business environment, the increasing complexity of regulatory landscapes and the exponential growth of data have compelled organizations to explore innovative solutions for risk management and compliance optimization. This paper explores the transformative role of Big Data Analytics (BDA) in enhancing risk assessment and regulatory compliance across various business operations. By leveraging structured and unstructured data sources—ranging from transaction records and social media feeds to sensor data and enterprise logs—organizations can uncover hidden patterns, predict potential risks, and respond to regulatory demands in real time. Big Data tools and techniques such as machine learning, predictive analytics, and natural language processing offer robust capabilities to detect anomalies, identify compliance gaps, and generate actionable insights that traditional systems often overlook. This study examines how BDA enables proactive risk mitigation through real-time monitoring, early warning systems, and adaptive compliance frameworks. It also investigates how BDA facilitates dynamic regulatory reporting and audit readiness by automating compliance workflows and ensuring data transparency and traceability. Furthermore, it highlights key challenges including data quality, integration issues, and the need for skilled personnel, while offering best practices for effective implementation. The research draws on case studies from the financial services, healthcare, and manufacturing sectors to illustrate successful BDA applications in managing cyber risks, ensuring anti-money laundering (AML) compliance, and adhering to data protection regulations like GDPR and HIPAA. The findings demonstrate that organizations adopting Big Data Analytics for risk and compliance management experience improved decision-making, reduced operational costs, enhanced regulatory adherence, and a stronger reputation in the marketplace. The study concludes by proposing a strategic framework for integrating BDA into enterprise risk and compliance functions, emphasizing the importance of cross-functional collaboration, continuous innovation, and adherence to ethical data practices. By embedding BDA into the organizational fabric, businesses can not only mitigate risks and ensure compliance but also drive long-term resilience and competitive advantage in an increasingly data-driven world.
Authors and Affiliations
Oluchukwu Modesta Oluoha , Abisola Odeshina , Oluwatosin Reis , Friday Okpeke , Verlinda Attipoe , Omamode Henry Orieno,
Keywords
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- EP ID EP765536
- DOI 10.47191/etj/v10i05.04
- Views 26
- Downloads 0
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