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Creating Business Advantages from Variances

Variance analysis is a crucial for business leaders to gain insights into performance while improving future planning efforts. The key to identifying variances is having access to an end-to-end view of business processes in real-time.  An organization is rarely successful when they lack the proper tools to evaluate how the business is performing and the ability to drill-down into their data to identify the root cause of variances. In today’s volatile marketplace, managers need to not only understand the variations in data, but also be able to measure business impact and make the necessary changes in a timely manner. Identifying and understanding data variations allows managers to make more powerful predictions, establish control, and improve performance while gaining a major competitive advantage.

Read More at The Harvard Business Review >