Executive Briefings

CFOs Use Big Data, Predictive Analytics to Accelerate Business Performance

From the smallest business decisions to the largest ones, risk influences all that we do. But taking a risk is not exactly like spinning a roulette wheel, where luck is the primary ingredient for success. With use of the right tools, risks can carefully be calculated, controlled and managed, greatly reducing the variable of bad luck.

CFOs Use Big Data, Predictive Analytics to Accelerate Business Performance

Since every risk comes home to roost in a financial number between the lines of the balance sheet, CFOs are playing a much larger role in risk management. They increasingly are influencing, setting and driving corporate risk strategies, working closely with the chief risk officer and chief operating officer. Armed with financial and operational data that can inform decisions, CFOs are in position today to help their organizations avert roadblocks and wrong turns, as well guide the business down new paths of profitability.

Forward-looking CFOs are using insights gleaned from Big Data and predictive-analytics technologies to accelerate business performance. By embracing a data-driven approach, CFOs can influence major, strategic corporate decisions involving acquisitions, divestitures, demand planning and forecasting, new markets and more.

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Keywords: supply chain management, supply chain management IT, supply chain solutions, supply chain risk management

Since every risk comes home to roost in a financial number between the lines of the balance sheet, CFOs are playing a much larger role in risk management. They increasingly are influencing, setting and driving corporate risk strategies, working closely with the chief risk officer and chief operating officer. Armed with financial and operational data that can inform decisions, CFOs are in position today to help their organizations avert roadblocks and wrong turns, as well guide the business down new paths of profitability.

Forward-looking CFOs are using insights gleaned from Big Data and predictive-analytics technologies to accelerate business performance. By embracing a data-driven approach, CFOs can influence major, strategic corporate decisions involving acquisitions, divestitures, demand planning and forecasting, new markets and more.

Read Full Article


Keywords: supply chain management, supply chain management IT, supply chain solutions, supply chain risk management

CFOs Use Big Data, Predictive Analytics to Accelerate Business Performance