The CFO's office is no longer solely focused on running reports and comparing results against key performance indicators. The CFO of today plays a key role in creating the strategies and funding the operations of the business. As data is growing at an eye-popping rate, the Finance organization is the cornerstone of the organization in understanding how best to apply analytics and how to prioritize handling the magnitude and complexity of data.
But to be the organizational stewards on analytics, finance professionals must be put into a position where they can spend more time analyzing data and less time collecting it. Advanced analysis entails detecting patterns and applying algorithms to predict outcomes. Predictive analytics technologies enable you predict what will happen in the future with confidence, so that you make better business decisions. You can apply modeling techniques to discover trends in your structured and unstructured data, then deliver optimized, empowered business decisions.
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