Role of Analytics for Operational Risk Management in the Era of Big Data

被引:68
作者
Araz, Ozgur M. [1 ]
Choi, Tsan-Ming [2 ]
Olson, David L. [1 ]
Salman, F. Sibel [3 ]
机构
[1] Univ Nebraska, Coll Business, Supply Chain Management & Analyt Dept, Lincoln, NE 68588 USA
[2] Hong Kong Polytech Univ, Inst Text & Clothing, Business Div, Hung Hom, 11 Yuk Choi Rd, Hong Kong, Peoples R China
[3] Koc Univ, Coll Engn, Ind Engn Dept, Sariyer Rumeli Feneri Yolu, TR-34450 Sariyer, Turkey
关键词
Analytics; Big Data; Operations; Risk; Supply Chains; SUPPLY CHAIN MANAGEMENT; INFORMATION-SYSTEMS; DECISION-MAKING; BUSINESS ANALYTICS; DISASTER RESPONSE; FACILITY LOCATION; SOCIAL MEDIA; PERFORMANCE; PREPAREDNESS; FRAMEWORK;
D O I
10.1111/deci.12451
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Operational risk management (ORM) is critical for any organization, and in the big data era, analytical tools for operational risk management are evolving faster than ever. This paper examines recent developments in academic ORM literature from the data analytics perspective. We focus on identifying present trends in ORM related to various types of natural and man-made disasters that have been challenging all aspects of life. Although we examine the broader operations management (OM) literature, we keep the focus on the articles published in the well-regarded OM journals, including both empirical and analytical outlets. We highlight how the use of data analytics tools and methods have facilitated ORM. We discuss the need for data monitoring and the integration of various analytical tools into decision making processes by classifying the literature on application fields, analytics techniques, and the strategies used for implementation. We summarize our findings and propose a process to implement data-driven ORM with future research directions.
引用
收藏
页码:1320 / 1346
页数:27
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