Exploring the Refinement of Cost Management Practices Driven by Big Data

Abstract

With the expansion of enterprise scale and the increasing complexity of business operations, cost management, as a core aspect of enterprise management, directly affects an enterprise’s profitability and market competitiveness. Traditional cost management methods often rely on experience-based judgment and manual operations, making it difficult to cope with massive and complex data environments, which in turn limits the accuracy and efficiency of cost control. Therefore, how to fully leverage big data technology to achieve refined and intelligent cost management has become a key objective for modern enterprises. This paper focuses on the refined cost management practices driven by big data, analyzing the application scenarios and implementation paths of big data technology in cost management. The goal is to promote the digital transformation of enterprises in cost management, thereby enhancing management efficiency and competitiveness.