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Interesting statistics around big data, data analysis, and usage

Analysts Corner

Data Analysis (Image created using photo and elements in Canva) Evolution of data and big data Until the advent of computers, limited facts were collected and documented, given the cost and scarcity of resources and effort to capture, store, and maintain them. By 2024, 149 zettabytes of data will have been copied, collected, and organized.

Big Data 130
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5 Best Claims Automation Software in 2024

Astera

IBM estimates that the insurance industry contributes significantly to the creation of 2.5 Centralized Access I ntegrati ng the automated claims software with different data repositories allow s the system to aggregate and present all relevant information in a unified dashboard.

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The Top 7 Data Aggregation Tools in 2024

Astera

Data aggregation tools are solutions designed to collect data from multiple sources, process it, and present it in a summarized format. Scenario: A multinational corporation has branches worldwide, each operating with its financial systems and maintaining separate ledgers, expense records, and revenue reports.

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2024 Predications for SAP Finance Teams

Insight Software

Our recent Finance Team Trends Report indicates that last year, over 48% of finance teams experienced efficiency losses amidst global economic disruptions, emphasizing the critical need for adaptability and agility in 2024. In January 2024, SAP will increase on-premises support fees by an average of 5% , increasing the urgency for migration.

Finance 52
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FAQs: Preparing for the EU CSRD Directive and ESRS Standards

Insight Software

The CSRD and the ESRS will be implemented in 4 stages, the first of which will enter into force in 2025 and will apply to the financial year 2024. Phase Effective Date Scope Reporting Requirement Deadline 1 January 1, 2024 Companies subject to the NFRD, including large non-EU companies (>500 employees) listed in the EU.

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SAP Predictions for 2025

Insight Software

2024 has been a year defined by technological innovation as the rise of AI made a profound splash for SAP-powered finance teams. SAP ERPs, while trusted for being robust, often present challenges such as data management complexities, integration difficulties, and a steep learning curve that make skills shortages feel even more painful.

Finance 52
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The Right Tool to Support Your Microsoft Dynamics Migration

Insight Software

Cloud migration is a daunting prospect, especially considering the expense of installation, training and embedded new processes. According to Gartner’s 2021 Core Financial Magic Quadrant , over 50% of the ERP market is expected to be cloud-based by 2024. When making the move, pre-planning is vital.