How Accountants Can Leverage Big Data to Deliver Strategic Business Insights?
A key element of present-day accounting is dealing with big data which entails massive information that can be probed in order to reveal patterns, trends, and other useful findings. The data can be used by an accountant in South Miami for better reporting on the financial standings of companies and general decision-making in organizations. Thus, by making use of data originating from various domains of activity, including sales transactions, market trends, and customers’ activity, the accountants can present a wider range of points of view based on financial data, which can go beyond the traditional norms of accounting.
How can predictive analytics be applied in the big data context by accountants?
The techniques of predictive analytics enable accountants to foresee future trends as well...