How Modern Taxation Can Benefit From Big Data Analytics

We have repeatedly discussed how predictive analytics built on Big Data capabilities can create a tremendous amount of differentiation and value for banking and insurance companies. However, one of the most important areas of public finance — taxation — is just waking up to the possibilities of using this game changing technology, with the goal of  increasing public revenues via the collection of indirect taxes. In this post, we will examine both perspectives: the taxation authority as well as the corporate under the burden of tax reporting.