Banking / Finance

Rise of Big Data Creates Opportunity for Management Accountants

18th Oct `13, 07:36 AM in Banking / Finance

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

BDMS
Guest Contributor
 

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

Approximately 2,000 CFOs, controllers, finance directors and others with the Chartered Global Management Accountant designation were surveyed on the challenges and opportunities big data present. Eighty-six percent of respondents 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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