Trend #6: Finance hasn’t embraced big data… yet
Earlier this year, we polled 252 financial and accounting decision makers to determine what major trends they see emerging that will affect the corporate finance function. In this seven-part blog series, we'll examine each of these developments.
Big data is all the rage. The vast majority of companies, though, are not using it as part of their financial processes. At least not yet. Most have the aspirational goal of using it in the next 12 months. Past usage rates, however, suggest it will likely move more slowly.
Interestingly, medium-sized companies have the highest adoption rate, with nearly half using it today. That is likely because they are big enough to have the resources, but small and agile enough to put it to use quickly.
Check back next week for the next of the seven trends.