Learn the best ways to manage your expenses | Business Intelligence & Data

Data is at the heart of every business. It's what drives decisions, helps you understand your customers, and allows you to make informed choices about your company's future. However, in order to make sure that your data is working for you and not against you, it's essential to have a modern data management approach in place.

Today is the Era of AI and Data Potentially the most significant shift that we’ve seen over the past decade in the world of technology has been the incredible advancements we’ve seen in big data and artificial intelligence. Research from SEMrush shows that the global AI market is expected to continue its rapid acceleration and reach a global value of $190bn by the year 2025.

Understanding Fraud In 2020, more than 2.1 million fraud reports were received by the Federal Trade Commission from consumers. As a result, fighting fraud continues to be on the mind of consumers and businesses everywhere.

Before the pandemic, there was already a significant change and evolution in business and work — from the type of technologies available such as Cloud and Artificial Intelligence (AI) to the way people engaged within the digital ecosystem at work and how they digitalize their payment operations.

According to Gartner, in the early 2000s, "digital" was among the top five priorities of executives for only 2.1 percent of companies surveyed, whereas today it is a priority for one in five companies. The percentage of companies with a digital strategy has increased from 62 percent in 2018 to 82 percent in 2019, Gartner confirms, estimating that 90 percent of today's companies have already experienced various types of disruption in their business models. And that's why we can see a trend that has been observed for the past several years: the digitization in finance.

We all someday had the experience with Spreadsheets. And de facto the Excel spreadsheets have become the tool for data storage and analysis for many companies for decades. And while some companies interact on a weekly basis to crunch numbers and analyze data, other companies break this old habit of using excel spreadsheets for everything and switch to a different tool. But why? Find out in this article.

Data visualization is the representation of data or information in a graph, chart, or other visual format. It communicates relationships of the data with images. Today, information is better absorbed if it is presented in the form of beautiful diagrams and graphs. So, why is it important for companies to use data visualization techniques and how to use it - that's what we'll talk about.

How many times have you been forced, in your company's accounting, to manually enter data from an expense report on your computer? With a valid detection rate of 99% according to the Researchgate study published in 2017, Optical Character Recognition can change your daily life: here's how this revolutionary business process works.

As it is already noticed by everyone, we are currently in the period of another digital revolution, which is driven by data – generated and processed in huge quantities. The value and role of Business Intelligence increase as the importance of data grows. Data is being more frequently taken into account when making decisions and handling business processes as in medium companies as in big enterprises.