Characteristics of consulting firms associated with the diffusion of big data analytics

Purpose This study investigates the characteristics of business and management consulting firms (firm size, international affiliation and scope of operation) affecting the adoption rate (i.e. recency of adopting big data analytics (BDA) as a new idea) and usage level of BDA. Ten critic...

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Những tác giả chính:	Oyewo, Babajide, Ajibola, Oluwafunmilayo, Ajape, Mohammed
Định dạng:	Bài viết
Ngôn ngữ:	English
Được phát hành:	University of Economics Ho Chi Minh City 2023
Truy cập trực tuyến:	https://www.emerald.com/insight/content/doi/10.1108/JABES-03-2020-0018/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115454
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spelling	oai:scholar.dlu.edu.vn:DLU123456789-1154542023-03-08T03:56:14Z Characteristics of consulting firms associated with the diffusion of big data analytics Oyewo, Babajide Ajibola, Oluwafunmilayo Ajape, Mohammed Purpose This study investigates the characteristics of business and management consulting firms (firm size, international affiliation and scope of operation) affecting the adoption rate (i.e. recency of adopting big data analytics (BDA) as a new idea) and usage level of BDA. Ten critical areas of BDA application to business and management consulting were investigated, (1) Human Resource Management; (2) Risk Management; (3) Financial Advisory Services; (4) Innovation and Strategy; (5) Brand Building and Product Positioning; (6) Market Research/Diagnostic Studies; (7) Scenario-Based Planning/Business Simulation; (8) Information Technology; (9) Internal Control/Internal Audit; and (10) Taxation and Tax Management. Design/methodology/approach Survey data was obtained through a structured questionnaire from one hundred and eighteen (118) consultants in Nigeria from diverse consulting firm settings in terms of size, international affiliation and scope of operation (Big 4/non-Big 4 firms). Data was analyzed using descriptive statistics, cluster analysis, multivariate analysis of variance (MANOVA), multivariate discriminant analysis and multivariable logistic regression. Findings Whereas organizational characteristics such as firm size, international affiliation and scope of operation significantly determine the adoption rate of BDA, two attributes (international affiliation and scope of operation) significantly explain BDA usage level. Internationally affiliated consulting firms are more likely to record higher usage level of BDA than local firms. Also, the usage level of BDA by the Big 4 accounting/consulting firms is expected to be higher in comparison to non-Big 4 firms. Practical implications Contrary to common knowledge that firm size is positively associated with the adoption of an innovation, the study found no evidence to support this claim in respect of the diffusion of BDA. Overall, it appears that the scope of operation is the strongest organizational factor affecting the diffusion of BDA among consulting firms. Originality/value The study contributes to knowledge by exposing the factors promoting the uptake of BDA in a developing country. The originality of the current study stems from the consideration that it is the first, to the researchers' knowledge, to investigate the application of BDA by consulting firms in the Nigerian context. The study adds to literature on management accounting in the digital economy. 2023-03-08T03:56:14Z 2023-03-08T03:56:14Z 2021 Article 2515-964X https://www.emerald.com/insight/content/doi/10.1108/JABES-03-2020-0018/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115454 10.1108/JABES-03-2020-0018 en Journal of Asian Business and Economic Studies, Volume 28, Issue 4; p. 281-302 application/pdf University of Economics Ho Chi Minh City
institution	Thư viện Trường Đại học Đà Lạt
collection	Thư viện số
language	English
description	Purpose This study investigates the characteristics of business and management consulting firms (firm size, international affiliation and scope of operation) affecting the adoption rate (i.e. recency of adopting big data analytics (BDA) as a new idea) and usage level of BDA. Ten critical areas of BDA application to business and management consulting were investigated, (1) Human Resource Management; (2) Risk Management; (3) Financial Advisory Services; (4) Innovation and Strategy; (5) Brand Building and Product Positioning; (6) Market Research/Diagnostic Studies; (7) Scenario-Based Planning/Business Simulation; (8) Information Technology; (9) Internal Control/Internal Audit; and (10) Taxation and Tax Management. Design/methodology/approach Survey data was obtained through a structured questionnaire from one hundred and eighteen (118) consultants in Nigeria from diverse consulting firm settings in terms of size, international affiliation and scope of operation (Big 4/non-Big 4 firms). Data was analyzed using descriptive statistics, cluster analysis, multivariate analysis of variance (MANOVA), multivariate discriminant analysis and multivariable logistic regression. Findings Whereas organizational characteristics such as firm size, international affiliation and scope of operation significantly determine the adoption rate of BDA, two attributes (international affiliation and scope of operation) significantly explain BDA usage level. Internationally affiliated consulting firms are more likely to record higher usage level of BDA than local firms. Also, the usage level of BDA by the Big 4 accounting/consulting firms is expected to be higher in comparison to non-Big 4 firms. Practical implications Contrary to common knowledge that firm size is positively associated with the adoption of an innovation, the study found no evidence to support this claim in respect of the diffusion of BDA. Overall, it appears that the scope of operation is the strongest organizational factor affecting the diffusion of BDA among consulting firms. Originality/value The study contributes to knowledge by exposing the factors promoting the uptake of BDA in a developing country. The originality of the current study stems from the consideration that it is the first, to the researchers' knowledge, to investigate the application of BDA by consulting firms in the Nigerian context. The study adds to literature on management accounting in the digital economy.
format	Article
author	Oyewo, Babajide Ajibola, Oluwafunmilayo Ajape, Mohammed
spellingShingle	Oyewo, Babajide Ajibola, Oluwafunmilayo Ajape, Mohammed Characteristics of consulting firms associated with the diffusion of big data analytics
author_facet	Oyewo, Babajide Ajibola, Oluwafunmilayo Ajape, Mohammed
author_sort	Oyewo, Babajide
title	Characteristics of consulting firms associated with the diffusion of big data analytics
title_short	Characteristics of consulting firms associated with the diffusion of big data analytics
title_full	Characteristics of consulting firms associated with the diffusion of big data analytics
title_fullStr	Characteristics of consulting firms associated with the diffusion of big data analytics
title_full_unstemmed	Characteristics of consulting firms associated with the diffusion of big data analytics
title_sort	characteristics of consulting firms associated with the diffusion of big data analytics
publisher	University of Economics Ho Chi Minh City
publishDate	2023
url	https://www.emerald.com/insight/content/doi/10.1108/JABES-03-2020-0018/full/html http://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/115454
_version_	1765278523606433792

Characteristics of consulting firms associated with the diffusion of big data analytics

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