Gartner’s Market Guide to Corporate Planning Applications is the definitive overview of this type of software, and Metapraxis has been included in each edition since 2014.
The updated version just published is no exception, and highlights some interesting developments in this sector of the technology industry. Perhaps most notable is the focus on predictive technologies. Metapraxis offers sophisticated statistical and learning algorithm frameworks, which can provide an advanced predictive capability when applied to larger data sets. It’s clear from the report that Gartner expects this to become a much more substantial part of the market in the near future.
Additionally, the Gartner authors highlight the potential of solutions augmented by machine learning to help finance professionals improve how they support performance management in an organisation. The Metapraxis team is working to apply learning algorithm frameworks to the real-world challenges faced by CFOs and FP&A heads in large businesses today, and it’s great to see the potential of this technology recognised by the analyst community.
The latest edition of the Market Guide includes both familiar names and newcomers – what it makes clear is the rapid development of financial analytics technology, and the considerable opportunities that exists for finance professionals to take advantage of these developments.
Gartner subscribers can download the report here.