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Advanced Analytics

London FP&A Board: Moving FP&A toward Advanced Analytics

By Nilly Essaides, Association for Financial Professionals (AFP)

Published first on http://www.gtnews.com and  http://www.afponline.org in February 2015

Nearly every financial planning and analysis professional understands the need to embrace big data and analytics. But how can firms move beyond basics to advanced analytics?

That challenge was on every attendee’s mind at the recent FP&A advisory board meeting in London. There, FP&A and business intelligence professionals gathered to discuss the state of business intelligence (BI) and FP&A analytics with Nigel Geary, BI specialist at power utility British Gas.

“I want to understand what’s considered advanced analytics and what’s considered basic,” one attendee said. “I’m trying to understand what good organizations are doing with regard to applying best practices. To me, it feels that it’s in its infancy.”

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