The Impact of Big Data and Cloud Computing on Traditional Accounting Industry

Abstract

With the development of big data and cloud computing is changing and influencing all aspects of the socioeconomic operation, especially in the commercial field. At the same time, it also changes the way people think about analyzing, processing, and using information. Traditional accounting, as a tool and means of providing information, faces a new round of reforms in the era of big data. This article begins with the concept and characteristics of big data and cloud computing, and analyzes the relationship between the two, and then studies how modern companies respond to the impact and challenges brought by big data to the financial system, and proposes the integration of traditional accounting and big data and cloud computing. This will play a role in promoting the transformation of corporate financial models, improving competitiveness, and promoting development.