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Journal of Computational Social Dynamics

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Published

2021-08-06

Issue

Vol. 6 No. 3 (2021): Journal of Computational Social Dynamics-3rd-Q

Section

Articles

How to Cite

Perera, A., & Iqbal, K. (2021). Big Data and Emerging Markets: Transforming Economies Through Data-Driven Innovation and Market Dynamics. Journal of Computational Social Dynamics, 6(3), 1–18. Retrieved from https://vectoral.org/index.php/JCSD/article/view/32

Big Data and Emerging Markets: Transforming Economies Through Data-Driven Innovation and Market Dynamics

Ananda Perera

Department of Supply Chain Analytics, Wayamba University of Sri Lanka, Sri Lanka

Khurshed Iqbal

Keywords: Big Data, Emerging Markets, Data-Driven Innovation, Market Dynamics, Economic Growth, Innovation Ecosystems

Abstract

The interplay between big data and emerging markets is a topic of increasing significance in the contemporary global economic landscape. This research article investigates the transformative role of big data in these dynamic economies, particularly focusing on data-driven innovation and its impact on market dynamics. Through an extensive literature review, data collection, case studies, and analysis, this study offers comprehensive insights into this critical relationship. The research reveals that big data serves as a catalyst for economic growth and development in emerging markets. It demonstrates how effective harnessing and strategic utilization of data can enable these economies to leapfrog traditional developmental stages. Case studies and empirical evidence underscore the significance of data-driven innovations in sectors such as finance, healthcare, and agriculture, bringing about increased accessibility, enhanced productivity, and substantial improvements in service delivery. Furthermore, the study elucidates the mechanisms through which data-driven innovation occurs within emerging markets, emphasizing the role of innovation ecosystems comprised of technology startups, research institutions, government policies, and private sector collaboration. These ecosystems foster the development and diffusion of innovative solutions that address the unique challenges of emerging markets. The research also delves into the transformative impact of big data on market dynamics. It illustrates how data influences market structures, competition, pricing strategies, and consumer behavior. The presented case studies exemplify how businesses have leveraged data analytics to optimize operations, identify market trends, and better serve their customers. The implications of this research are profound for both practitioners and policymakers. Businesses are encouraged to invest in data analytics, integrate data-driven innovations into their models, understand market dynamics through data analysis, and customize offerings to meet the unique needs of emerging market consumers. Policymakers are urged to develop supportive policy environments, invest in digital infrastructure, promote education in data-related skills, and engage in global dialogues on data standards and regulations.

Author Biography

Khurshed Iqbal

 

 

Current Issue

Information

Submission Guidelines for the Journal of Computational Social Dynamics General Guidelines:

  1. Article Types: We accept a variety of article types including Original Research Articles, Review Papers, Short Reports, and Opinion Pieces.

  2. Language: Manuscripts must be written in English, and should be clear, concise, and free of jargon.

  3. Length: There is no strict word limit, but Original Research Articles should generally be between 4,000 and 10,000 words, including references.

  4. Formatting: Manuscripts should be submitted as a single Word or LaTeX document, formatted in double-spaced 12-point font.

  5. Abstract: An abstract of 250-300 words is required for all submissions, summarizing the key objectives, methods, findings, and implications of the research.

Manuscript Structure:

  • Title Page: Must include the title, author names, affiliations, and contact information for the corresponding author.

  • Introduction: Provide background, state the problem, and outline objectives.

  • Methods: Detail the methods and tools used in your research.

  • Results: Present the findings of your study.

  • Discussion: Interpret results, discuss their impact, and suggest future research directions.

  • Conclusion: Summarize the main points of the paper.

  • References: Citations should be formatted according to the APA/IEEE styles.

Ethical Guidelines:

Authors must ensure that their research adheres to ethical standards and that informed consent has been obtained for any human or animal subjects involved.

Plagiarism:

The Journal of Computational Social Dynamics uses plagiarism detection software. Any manuscript found to include plagiarized content will be rejected.

Peer Review Process:

All submissions undergo a double-blind peer review process. Authors can expect initial feedback within six to eight weeks.

Submission Process:
  1. Prepare your manuscript according to the guidelines.
  2. Submit your manuscript through our online portal at.
  3. After submission, you will receive a confirmation email with a manuscript ID for tracking purposes.
Revisions:

If revisions are requested, authors must resubmit the revised manuscript within the specified timeframe.

Publication Fees:

The journal has a nominal publication fee, waived for authors who lack funding. Details are available on our website.

For any questions or concerns, please contact the editorial office at editorial@vectoral.org. Thank you for considering the Journal of Computational Social Dynamics as a venue for your research.

Published by Vectoral Publishing, the Journal of Computational Social Dynamics maintains high standards in peer-review and scientific inquiry. Authors who wish to submit manuscripts should adhere to the guidelines detailed on our website, www.vectoral.org/jcsd. Vectoral Publishing does not bear any responsibility for the accuracy of information or for any outcomes related to the use of the research published. For editorial correspondence and submissions, please reach out to editorial@vectoral.org.