Traditional finance cycles are giving way to the real thing: real-time and non-stop
People and organisations have to process an enormous flow of information every day. It is predicted that by 2025, the collective sum of the world’s data will grow to 175 zettabytes, up from 33 zettabytes in 2018. Companies can benefit from this very extensive information. For example, the more information you have about customers and their preferences, the better you can meet their needs. While information was fairly static in the past, real-time information provision is taking over for traditional finance cycles. For a finance department this means that reporting takes place in real-time instead of retrospectively, for instance. What opportunities are there for finance departments and professionals when you always have non-stop access to the latest information?
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