Finance: Big Data Benefits and Challenges

Finance Big Data Benefits

Finance and accounting managers see the most valuable Finance Big Data benefits for two activities: measuring risk and improving budgeting and forecasting. They are less interested in the benefits of Big Data to reduce internal or external theft.

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Exhibit IV-18: Areas of Greatest Benefits for Finance
Q18-h: Degree Of Potential Benefits Big Data Could Generate – Mean Summary Finance

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Finance Big Data Challenges

What holds finance managers back from generating value from Big Data? Most of all, determining what data they need to make different business decisions. And next, getting other functions and units to share information.

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Exhibit IV-19: Greatest Big Data Challenges for Finance
Q23: Greatest Challenges to Getting Value from Big Data: Mean Summary – Finance