THE BOTTOM LINE
The future of predictive analytics for FP&A software
Predictive analytics is a family of business processes whose goal is to extract and evaluate information from data to anticipate trends and outcomes. Many software companies have successfully harnessed predictive capabilities to analyze large datasets, but financial planning and analysis (FP&A) vendors face higher barriers to adoption due to a lack of actionable data and the inherent difficulty of accurately predicting future performance. Despite these difficulties, Nucleus has observed large investments from FP&A vendors into predictive capabilities and expects significant returns within the next two years.