Certainly most examples require machine learning, a significant element of data analytics, and – increasingly – support from artificial intelligence software.

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The financial analytics market is projected to reach USD 15.2 billion in 2025 and expand to USD 34.1 billion by 2035, reflecting a compound annual growth rate (CAGR) of 9.2% over the forecast period.

There is widespread frustration with the impact of data analytics (DA) in internal audit functions – with 80% of chief audit executives (CAEs) wanting to see improved outcomes, according to Gartner.