“Big Data” is everywhere. Today, Google receives 40,000 search queries every second; Facebook users send 31.25 million messages and view 2.77 million videos every minute. Yet less than 0.5% of all data is ever analysed – let alone interpreted and the findings used to improve a product or service.
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Using “Big Data” to manage travel and expense (T&E) spend requires a consolidated approach– identifying the sources from which T&E data can be derived and then leveraging that data to understand exactly where the spend is going. It is about being able to tap into the data at your disposal to easily learn new things and gain greater insight about your business –and by doing so, driving improved business performance.
If your objectives are to streamline operations, use analytics to make more strategic T&E booking decisions, or to generate workflow efficiencies through the maintenance of accurate, more effective data, then you need this whitepaper.
We’ll reveal top five tips you can follow to consolidate your T&E source data.