Finance industry still reliant on ‘archaic’ data collection practices

For organizations in the finance industry, having timely access to relevant data makes the difference between success and failure. But many are still hanging on to “archaic manual data collection processes”, curbing their full potential.

This is according to a new report published by proxy company Oxylabs, which states that more than half (52 percent) of finance companies in the UK gather data manually, making it “impossible” to make informed and timely decisions. The report also states that more than a third (37 percent) of companies found it challenging to access data in real-time. 

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