Journal of Service Science and Management, 2022, 15, 89-107
https://www.scirp.org/journal/jssm
ISSN Online: 1940-9907
ISSN Print: 1940-9893
DOI: 10.4236/jssm.2022.152007 Apr. 29, 2022 89 Journal of Service Science and Management
The Relationship between Big Data and Decision
Making. A Systematic Literature Review
Carlo Torre, Gianluca Maria Guazzo, Vilma Çekani, Vincenzo Bacco
Department of Business Science-Management and Innovation Systems, University of Salerno, Fisciano, Italy
Abstract
The increasing use of big data within the economics field has led academics
and professionals to broaden the investigation of its consequences in corpo-
rate decision-making processes. Until now, scholars and managers have been
focused only on the technical aspects of big data, without emphasizing the in-
fluence they exert on the effectiveness of decision-making systems. Firstly, this
paper aims to review the literature which concerns the study of the relation-
ship between the use of big data and its effectiveness in corporate deci-
sion-making system. Secondly, it provides relevant evidence to analyze whether
big data acts as a facilitator for the implementation of advanced decision-
making models and eventually how. In this aspect, our work identifies the
key factors that support the corporate decision-making process by pro-
posing a possible corporate governance model. The theoretical framework
that we have adopted relies on big data management studies, with a specific
focus on the implications which show that the use of big data can generate the
decision-making dynamics of companies and organizations. The current pa-
per provides both theoretical and managerial contributions to the literature
on big data and decision making, defining future perspectives to advance
knowledge in this research area.
Keywords
Big Data, Decision-Making Processes, Corporate Governance Model,
Effectiveness, Relationships
1. Introduction
The growing interest in the diffusion of big data in the economic scope—busi-
ness, has led academics and professionals to deepen the study of the changes in-
duced by the use of new technologies in corporate decision-making processes. So
How to cite this paper: Torre, C., Guazzo,
G. M., Çekani, V., & Bacco, V. (2022). The
Relationship between Big Data and Deci-
sion Making. A Systematic Literature Review.
Journal of Service Science and Management,
15, 89-107.
https://doi.org/10.4236/jssm.2022.152007
Received: March 4, 2022
Accepted: April 26, 2022
Published: April 29, 2022
Copyright © 2022 by author(s) and
Scientific Research Publishing Inc.
This work is licensed under the Creative
Commons Attribution International
License (CC BY 4.0).
http://creativecommons.org/licenses/by/4.0/
Open Access