Big data encompasses large volumes of structured and unstructured data that organizations can analyze for insights. It plays a crucial role in decision-making processes by revealing trends and patterns.
5 Must Know Facts For Your Next Test
Big data analytics can improve financial forecasting accuracy.
Organizations use big data to identify fraud in accounting systems.
Analytics tools like Hadoop and Spark are commonly used for processing big data.
Data visualization is essential for interpreting big data insights in financial reports.
Regulatory compliance, such as GDPR, impacts how companies handle big data.