Burgeoning cost pressures and the increasing need for risk and compliance management, efficient processes and a closer alignment with business objectives are driving organizations toward operating models that focus on both agility and controls. In the present challenging global marketplace, companies are looking at their finance function for providing insights that will help them achieve in improvising business performance.
Moreover, businesses are also witnessing an exponential growth in the volume of data. With shorter decision cycles, lesser time to market and stiff competition, companies are looking for ways to make data-driven decisions. Both structured and unstructured data from organization-wide systems and process along-with information from external sources like market and social media, are raising challenges in gathering, managing, analyzing, and delivering objective insights to businesses. Organizations are partnering with specialized research and analytic vendors who can help them build successful business strategies by providing data-driven insights that can help businesses, analyze the present business environment while predicting trends.