The volume, variety and velocity of data available to businesses today is increasing at an incredible rate. It’s vital that organisations harness big data to stay ahead of the competition, and yet nearly 9 in 10 organisations are struggling to get valuable insight from data. Management accountants need to ensure they understand this new trend, and stay up to date with the latest tools and techniques. Businesses need to have the right data, the ability to analyse it, a culture where the use of data is expected, and to ensure that insights are applied to create value. This briefing explores the key competencies organisations need, and the skills management accountants require to harness the power of big data.