How Finance Can Benefit From Data Analytics

April 4, 2019

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MONTHLY ANALYSIS

In today’s fast moving data ecosystems, getting the right insights in time can be as hard as filling a cup from a fire hydrant. The only intelligent way to achieve bottom-line results from data is to be equipped with data analytics capabilities. Data analytics tools have been around for decades and they have evolved from simple Excel spreadsheet analysis of the 1990s to advanced predictive analytics solutions post-2010s. Analytics algorithms & tools are still evolving, and the new wave of development & acceptance of new technologies such as artificial intelligence and machine learning are making the market more promising.

According to the International Data Corporation (IDC), global spending on big data and business analytics will grow from nearly $1 ...

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