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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Companies which require immediate business funding are using data analytics tools to research and better understand their options.

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Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. Invariably, these activities have seen added stress in 2020. But there’s a balance to be struck.

Finance 98
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insightsoftware Launches Angles Professional for Oracle to Automate Recurring Operational Reports at the Gartner Data & Analytics Summit 2023

Jet Global

This data is gleaned from a report from insightsoftware and Hanover Research: The Operational Reporting Global Trends Report. The issues finance and operations teams face are twofold: the nature and increasing demands for operational data and analytics, and the fact that tools on hand are not optimized to handle the data or analysis.

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7 Ways Small Businesses Use Data Analytics for Expense Tracking

Smart Data Collective

Big Data is Vital to the Survival of Countless Businesses. With increasing uncertainty and evolving consumer demand, running a business seems like an enormous challenge. Here are seven incredible small business expense tracking tips for effective cash flow management with data analytics tools. Integrate Digital Tools.

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Crisis Creates New Opportunities for Data-Driven Businesses

Sisense

Organizations are leaning on data and insights to navigate a new path forward as they deal with the crisis, but also as they reset their businesses. Analytics are essential in a crisis. Uncertainty often surfaces new opportunities as business leaders are forced to consider changes around key parts of the business.

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Predictive Analytics Improves Trading Decisions as Euro Rebounds

Smart Data Collective

Predictive analytics tools can be particularly valuable during periods of economic uncertainty. Predictive Analytics Helps Traders Deal with Market Uncertainty. We have talked about a lot of the benefits of using predictive analytics in finance. Analytics Vidhya, Neptune.AI

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The Connect Effect: Transforming Employee Experience

Jet Global

The value data can hold has been well understood for years, yet many company leaders still need help to wrangle their data beneficially. This is especially prevalent among finance departments. More specifically, data silos remain one of the biggest barriers to innovation.

Finance 59