Five ways data is changing the role of the Financial Professional

The data revolution has opened the doors to a new world and the role of the finance professional as we know it is set to change. In short, this means that in order to continue to be seen as a value-added service or department, finance professionals must evolve to keep up with ever-changing technologies.

1. From mathematician to business consultant

Traditionally, finance professionals had to rely on historical, internal data to draw insights. Not only was this data limited in scope, but it failed to give a full perspective of how decisions today would impact the future. Now, the introduction of predictive analytics has helped moved finance professional’s analysis from asking “why did it happen?” to exploring “what will happen next?”.

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