Here is the latest installment of #AFPJargonWatch:
What it is: R is an open-source programming language designed to interpret, interact and visualize data.
Why it matters: “What Java and HTML are for developers, R is for finance and data people,” said Chris Ortega, Senior Finance Manager, EmarsysTrend: “Other industries that are overwhelmed with the data are mastering data analytical skills for solving their industry-specific problems,” said Igor Panivko, finance director at Konica Minolta in Ukraine. “For example, biologists and healthcare workers are active users of open-source statistical modeling tools. More and more are involved in intelligent working with data, so I do not think that corporate finance will stay aside from this process.”
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