Big Data Analytics Technology Capability and Data-Driven Decision Making in Malaysian Higher Education Institutions: A Conceptual Framework

Abstract

In the era of big data, many organizations are aiming to become more data-driven and increase their decision-making efficiency. Nevertheless, there is an insufficient investigation that explores the antecedents of data-driven decision making (DDDM) in the context of Malaysian Higher Education Institutions (HEIs). Therefore, the study examines existing literature and utilises the Big Data Analytics Technology Capability (BDATC) dimensions such as connectivity, compatibility and modularity to conceptualize a DDDM framework. The study utilises Resource-Based Theory (RBT) to highlight the key dimensions for BDATC and how these dimensions are being integrate in order to establish effective DDDM for excellent performance. The antecedents of DDDM is a relatively new approach that is documented in literature, where literature seems to be diversified in terms of offering theoretical and conceptual frameworks, together with a model that Higher Education Institutions (HEIs) can utilize. The study chooses HEIs that undergo Malaysian Research Assessment Instrument (MyRA) as the focus of investigation. The data was collected from the key informants of Malaysian HEIs. In conclusion, the contribution of the study is to highlight the influence of BDATC for DDDM to attain better performance of HEIs in Malaysia.

Research on Macro-economic Decision Model Based on Big Data Analysis

“…That is, the enterprise not only pursues the maximum profit, but also pursues the maximum output, the maximum personal income, the maximum authority of the enterprise and so on. In terms of fiscal policy, the downside risk of domestic economy is still very big, and micro-stimulus policy can't completely wash off the downward pressure of economy, so I personally think that the government is no longer suitable for using micro-stimulus policy, and secondly, it should choose a large-scale fiscal policy [7][8]. China's economic growth model is difficult to maintain for a long time: at present, in the industrial sector structure of China, the export sector is growing abnormally, and the exportoriented economy may have two consequences: first, the increase of foreign exchange reserves will force the central bank to issue more RMB, thus inducing inflation; Second, it caused international trade disputes, shrinking exports, and causing a serious surplus of production capacity.…”