Structural equation modeling for impact of Data Fabric Framework on business decision-making and risk management

Abstract

AbstractAs the concept of Big Data takes hold in the corporate world, modern businesses are making concerted efforts to manage data silos in advance of centralized data management. The multi-cloud structure of the data fabric provides a realistic approach to managing various forms of data. This study explores how data fabric, which is a useful way of organizing data, affects decision-making and risk assessment through Structural Equation Modeling (SEM) using IBM AMOS software. The study collected data from 200 respondents, representing a 67% response rate, out of 300 management experts in Amman-Jordan who conditionally agreed to participate in the research. The study finds a positive relationship between data fabric and decision-making, data fabric, and risk management. The findings of this study suggest that strengthening the relationships between data fabric, decision-making, and risk management can play a critical role in fostering successful decision-making for crucial elements and risk management in crises, ultimately contributing to the overall success of the business.

Keywords

• Data Fabric Framework
• business decision-making
• risk management
• big data
• structural equation modeling