The article uses a conceptual framework to review empirical evidence and some 180 articles related to the opportunities and threats of Big Data Analytics for international development. The advent of Big Data delivers a cost‐effective prospect for improved decision‐making in critical development areas such as healthcare, economic productivity and security. At the same time, the well‐known caveats of the Big Data debate, such as privacy concerns and human resource scarcity, are aggravated in developing countries by long‐standing structural shortages in the areas of infrastructure, economic resources and institutions. The result is a new kind of digital divide: a divide in the use of data‐based knowledge to inform intelligent decision‐making. The article systematically reviews several available policy options in terms of fostering opportunities and minimising risks.