The Ledger
Curated content foranalytical business leaders
AI is Fundamentally a Prediction Technology
October 24, 2017
Machine intelligence has created a lot of hype in recent years and has lowered the costs of goods and services that rely on prediction. This matters because prediction is an input to a host of activities including transportation, agriculture, healthcare, energy manufacturing, and retail. First, we will start using prediction to perform tasks where we previously didn’t. Second, the value of other things that complement prediction will rise.
Read More at The Harvard Business Review >
The Benefits of the Big Data Revolution
October 23, 2017
According to a recent study, about one trillion gigabytes exist in the digital universe today. This data has proven to be an essential part of the 21st century business model in several industries. Business leaders can see how something is being produced, or where it currently is in the supply chain. They can see overviews of production flow history, dive deeper into physical properties, examine deviations, and more. These advancements bring on a smart product revolution that brings with it the most important benefit of all: opportunities for new revenue streams and competitive advantages.
Read More at The Digitalist by SAP >
The Importance of Real-Time Access to Actuals
October 19, 2017
Most finance professionals would agree that planning plays a pivotal role in their organization’s strategy. The evolution of business and finance technology has provided incredible access to the actuals of our organizations. The quicker we can obtain data, convert that data into information, transform that information into knowledge, and leverage that knowledge for better, smarter business decisions, the more the organization will benefit. What is the purpose of planning if we don’t monitor how we are doing versus our plan?
Read More at The Digitalist by SAP >
Controlling Risk in Finance
October 18, 2017
Controlling risk in the finance department is an important task that is often overlooked. CFOs must manage the financial risks of the corporation and it is their duty to prevent losses to the business. By creating an action plan, finance leaders can start to control continuous risks—those with both direct and indirect costs—by instituting four operational performance measures in their departments. There are four suggested metrics that CFOs can use that will begin to transform the finance department into a “knowledge-work factory.”
Read More at Strategic Finance Magazine >
