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UPSHOT OF BIG DATA USAGE WITH ARTIFICIAL INTELLIGENCE ON BASIC ASPECTS OF CULTURE AND WEALTH MANAGEMENT IN NIGERIA

ABSTRACT

The integration of Big Data and artificial intelligence into Nigeria Socio-economic framework offers transformative opportunities for enhancing the basic aspects of culture and wealth management. This paper will highlight on culture, encompassing heritage preservation, social values, creative industries, wealth spanning, natural resources, capital assets , financial funds from the backbone of Nigeria’s identity and economic stability. Also to find out how the application of Big Data enables large-scale collection, analysis of cultural and managerial information while artificial intelligence applies productive, analytics, pattern regulation and automation to optimize decision-making. This will also examine how these technologies can document and safeguard cultural heritage, forecast economic trends, monitor resource allocation and strengthen transparency in public finance in Nigeria. The paper further opined on the significant challenges that impede their effective application, which includes, infrastructural deficits, fragmented data system, low digital literacy, weak data governance framework and corruption in Nigeria. Cultural resistance to digital transformation and high implementation cost further exacerbate these issues. The paper mostly adopted simple method of data gathering by contacting relevant texts and journals for more information. The paper concludes that, solutions require a multi-pronged approach by expanding digital infrastructure, with the application of Artificial Intelligence, establishing natural and economic data, repositories, enforcing robust data protection laws, and building capacity among policy makers, cultural managers and financial administrators in Nigeria.

KEYWORDS: Data, Culture, Wealth Control, Reposition, Automate Decision, Transparency and Management.

Uduimoh, Anthony Akwawa Ph.D, Ekpo, Effiong Jonah Ph.D & Ekanem, Uduak Jackson

GASPRO INTERNATIONAL JOURNAL OF EMINENT SCHOLARS, VOL.13 NO 1