Financial Analytics Market Top Companies, Trends and Future Prospects Details for Business Development
According to IMARC Group expects the Financial Analytics Market to exhibit a CAGR of 8.5% during 2020-2025.Financial analytics (FA) refers to an assessment that provides in-depth insight into the organization’s financial status. It is a subset of business intelligence (BI) and analytical tools, which helps to represent the data in the graphical form for easier interpretation and maintenance of business operations. FA has gained traction in recent years as it improves business strategies and everyday decision-making abilities by performing planned and ad-hoc analysis of financial data. FA finds extensive applications in various sectors, including the banking, financial services, and insurance (BFSI) sector, to manage assets, liabilities, payables, receivables and profitability, governance and risk and compliance (GRC), and budgetary control. Other than this, the healthcare industry also uses financial analytics for collecting, monitoring, visualizing, analyzing and pred...