Banking / Finance

One Third of Global Finance Pros See Revenue Hits Because of Poor Data Analysis

16th Oct `13, 12:10 PM in Banking / Finance

A third of finance professionals around the world have seen their organizations suffer significant revenue hits because of…

BDMS
Guest Contributor
 

A third of finance professionals around the world have seen their organizations suffer significant revenue hits because of incorrect data analysis, according to results of a survey by the American Institute of CPAs and the Chartered Institute of Management Accountants.

The AICPA and CIMA surveyed 2,000 CFOs, controllers, finance directors and others with the Chartered Global Management Accountant designation for perspective on the challenges and opportunities big data present. Almost 9 in 10, or 86 percent, said their businesses are struggling to turn volumes of data into valuable insight, underscoring the potential pitfalls as companies contend with growing streams of information from their operations, social media and other sources.

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