Big data, a game changer in decision-making
The term big data has been around for some years now: IDC has even predicted that the big data technology and services market is expected to reach $58.9 billion in 2020. One trillion data units are produced in the world every day and that number keeps on increasing. Ninety percent of total available data was produced in the past two years. We have never had so much data at our disposal. However, it can only create added value if we actually do something with it.
The world of finance and that of the finance professional is changing. Big data plays a major part in this, enabling information to be collected that is of inestimable value in decision-making processes. In answer to the question whether big data is a game changer in relation to decision-making, Onguard can only respond with an emphatic yes. Read all about it in our whitepaper – Marieke Saeij, CTO at Onguard
But, what is big data, how does it come about, what can organisations do with it and, above all, what benefits can it bring? Onguard researched trends and developments within finance among more than 1,000 finance professionals. The FinTech Barometer 2018 looked at the present significance of data for companies, and what influence finance professionals believe it is going to have in future. In this whitepaper, Onguard responds to the questions raised by the study and specifically focuses on the opportunities presented by big data within finance and how it can support the Order to Cash process.