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. We produce 0ne trillion data units in the world every day and that number keeps on increasing. 90% of the 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 as it enables the collection of information 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
Click on the image to see the full Big Data infographic
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. Furthermore, it explores what influence finance professionals believe it is going to have in future. In this whitepaper, Onguard responds to the questions raised by the study. It focuses on the opportunities big data presents within finance and how it can support the order-to-cash process.