The role of big data analytics in risk management in the Saudi banks : investigation study

Abstract EN

This research aims to determine the role of using the big data analytics in the process of managing risks in the Saudi banks and to summarize the main dimensions of the process of risk management in the Saudi banks as well as the main features of the big data analytics.

This study is based on collecting data through distributing a questionnaire to a sample who responsible for risks management within the Saudi banks.

In addition, the research made a desk study from literature review to achieve the research’s objectives.

According to the findings of the study, there is a statistical significant relationship between using big data analytics and achieving positive results in the risk management process in Saudi banks in general.

There is a positive correlation, the value of which is nearly 0.5.

This study, also, reveals that there is a statistical significant relationship between using the big data analytics and achieving positive effects in the process of risk reduction in the Saudi banks.

There is a positive correlation, the value of which is near to one (0.8 nearly).

In addition, the study reveals that there is a statistical significant relationship between using the big data analytics and achieving positive effects in the process of risk avoidance in the Saudi banks.

There is a positive correlation, the value of which is near to one (0.9 nearly).

Finally, the researchers recommend the necessity of applying big data analytics in the Saudi banks properly in order to improve the quality of risk management process more and more.

Doing so will lead to positive changes in operating processes in Saudi banks.