Contingent labor is being labeled as the new on-demand workforce. It comprises nearly 20% of the U.S. workforce, and projections place it at 30-40% in the near term. Additionally, 75% of executives in a report by a major consulting firm identified analytics as an important issue. However, only 8% believe their organizations are strong in this area. Companies without the right contingent workforce management data analytics and business intelligence (BI) strategy are at a competitive disadvantage, incurring additional cost and assuming unidentified risks.