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FP&A Analytics

3 Easy Steps to Make Data Analytics Real

By James Myers , Global Finance Executive and FInance Transformation Consultant

Analytics runs all business, yet it’s so often obfuscated. To make it real is a journey of discovery – first, establish a hypothesis, second, build an understandable context and third, act after you have continued to question the problem to conclusion.

It’s a Tsunami! Data is estimated to be doubling in size every 2 years; data analytics has never been so critical in history. Today’s CFO is more a customer focused strategic role and data driven leadership than compliance driven and optimization.

4 reasons businesses need focus on operational analytics

By Ian Yates,  Managing Director at Barcanet

Businesses have long recognised the importance of using data analytics to improve the customer experience. Analysing market trends and consumer activity, businesses adapt, innovate and optimise their products and services to keep customers happy and increase profits. The focus on customer-orientated analytics has however, resulted in businesses failing to harness the power of their data to optimise their operational processes and significantly improve margins – although this is changing.

Webinar: FP&A Transformation Becoming Agile, Adaptable and Predictive

For quite some time CFOs and the finance community have been talking about transforming the finance function, becoming better business partners and focusing on the value-add, strategic activities.

At the core of that transformation is FP&A, as activities like business planning, business unit strategy, investment allocation and predictive analytics become important to fulfil finance’s new, expanded position within the company.

But to do that, FP&A itself must transform and change from its traditional flux analysis and flash reports to a much more modern and cutting edge department within the company. When starting to embark on your own FP&A Transformation journey, there are a couple of principles you need to keep in mind.

 

Artificial FP&A

By Karl Kern, Founder/President, Kern Analytics LLC

As a child, I identified the word “artificial” to playing surfaces in professional baseball and football stadiums. While growing up the word “artificial” expanded to items like sweeteners.  Now as a professional the word “artificial” applies to work.

In regard to work, the word “artificial” applies to artificial intelligence.  Simply written, artificial intelligence is machines thinking on their own.  Machines thinking on their own present a number of anxieties in the workplace.  Perhaps the most significant anxiety is the loss of work.  Loss of work within factories is more than an anxiety, it is a reality.  Loss of work within offices may become as prevalent as within factories.  These statements apply to work within facilities but can be restated into more precise terms like functions such as FP&A.

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