Big data is one of the biggest buzzwords of the last few years, but it has tangible effects and benefits that reach across industries. More data is created every year than the year before, collected from applications and devices that many people use all day. This absurdly large data set is rapidly becoming more accessible and thus usable by those willing to examine it.
For accounting firms, big data represents an opportunity for expansion and great service provision. Those who have the adaptability and insight to work with big data’s possibilities and predictive capabilities may soon find they become more valuable than their peers.
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