Legal Implications of Big Data Analytics in Financial Decision-Making: A Comparative Study

Abstract

This legal study examines the implications of big data analytics on financial decision-making and conducts a comparative analysis of these implications across different fields. Research indicates that big data analytics significantly impacts legal decision-making, enabling legal professionals to make more intelligent decisions based on more accurate information. It is important to note the legal and ethical implications associated with the use of big data. Despite potential benefits, there are numerous legal and ethical effects linked to big data usage. Studies suggest that the use of big data may lead to distortions that negatively affect legal decision-making, necessitating a reevaluation of the widespread optimism about the potential of big data in the legal system. Additionally, it is crucial to highlight the need for protecting big data from misuse and ensuring its appropriate use. Furthermore, big data presents opportunities for companies while posing risks to users who may be subjected to mistreatment of their personal data. Finally, research indicates that big data significantly transforms legal research and the analysis of legal issues