Effect of Digital Innovation on the Financial Reporting of Firms Listed on Nigeria Exchange Group (Published)
This research investigates the influence of digital innovation on the financial reporting procedures of publicly traded companies in Nigeria, emphasizing its effects on timeliness, accuracy, quality, reliability, and the issues that arise. A quantitative research design was employed to gather primary data from 224 respondents across all sectors of the Nigerian Exchange Group (NGX) via a structured questionnaire. The data were analysed using descriptive statistics, correlation analysis, and ANOVA. The findings indicate that digital innovations are progressively integrated into financial reporting processes, markedly improving report quality, timeliness, and stakeholder confidence, but adoption rates differ within industries. The findings also show that problems with infrastructure, cybersecurity issues, and a lack of skills limit the benefits of these new technologies. Although ERP and automation technologies have demonstrated significant positive impacts on data integration and accuracy, the use of blockchain remains constrained due to regulatory ambiguity. The study finds that digital innovation is a key factor in better financial reporting in Nigeria, as long as investments in infrastructure, staff training, and cybersecurity are made beforehand. It suggests that companies on the list gradually add digital capabilities, make rules for how technology may be used stronger, and engage with authorities to come up with regulations that would help new technologies grow.
Keywords: Blockchain, Digital Innovation, Financial Reporting, cyber security, risk association
Demystifying Big Data: A Holistic Approach to Understanding, Processing, and Utilizing Data (Published)
The era of Big Data has ushered in a paradigm shift in the way information is generated, collected, and analyzed. This research paper, “Demystifying Big Data,” presents a comprehensive and holistic approach to unravel the complexities surrounding the vast expanse of data that characterizes our modern world. By examining the fundamental principles, challenges, and opportunities associated with Big Data, this paper aims to provide a roadmap for understanding, processing, and effectively utilizing the immense volumes of information available. The study begins by elucidating the key components of Big Data, including its volume, velocity, variety, veracity, and value. By delving into these dimensions, we offer readers a nuanced perspective on the multifaceted nature of Big Data, challenging prevalent misconceptions and fostering a deeper comprehension of its inherent characteristics. In doing so, we provide a solid foundation for professionals, researchers, and enthusiasts to navigate the intricate landscape of data analytics.
Keywords: Big Data, Data Insights, Data Streams, Digital Innovation