Financial services: the gap between the importance of data and the ability to exploit its value.

If the companies generate and produce progressively, the vast amounts of data from their customers and networks, it remains obvious that many ignore how to exploit its value.

As, a unique objective reference for modern organizations and professionals, when it comes to Tools, Supports and Solutions for drawing value in their daily activities, Connectikpeople.co, invites businesses to put Data at the center of their strategy.

Today, Connectikpeople.co has captured a new IBM study which shows that, 82 % of CFOs see the value of integrating enterprise-wide data, 24 percent think their team is

up to the task.

Entitled “Pushing the Frontiers,” the study is based on findings from face-to-face conversations with about 576 CFOs from around the world. We can observe that, the significance of technology and analytical tools in transforming for example, the finance function and broader enterprise has continuously risen. CFOs now recognize how insights from Big Data are helping their company become more competitive.

According to this study, a critical differentiator between CFOs is how they use data. ‘’While the average CFO relies on spreadsheets and intuition for the majority (66 percent) of their work, more than two-fifths (44 percent) of Performance Accelerators combine internal and external data to produce insights. As such, Performance Accelerators are more effective at conducting various forms of analysis including tracking and forecasting supply-chain financial data, planning and predicting resource capacity as well as conducting industry and competitor analysis’’, underscores the survey.