The Ledger
Curated content foranalytical business leaders
The 3 C’s of Good Planning
August 9, 2017
A recent report from Adaptive Insights found that finance teams are spending more than half of their time on gathering data and reporting. The more data you have by no means correlates to strong reporting and forecasting because the context of the data matters. Because of this, CFOs are trying to get their teams to spend more time on forecasting and scenario analysis. Jim Johnson, CFO of Adaptive Insights, outlines the 3 C’s of good planning to help combat this issue.
Read More At The Digitalist By SAP >
How Healthcare Is Leveraging Big Data
August 8, 2017
The healthcare industry is transitioning to a value-based business model, which requires legacy health-care providers to target four goals: improved care experience, better population health, enhanced clinician satisfaction, and much lower costs. Additionally, the competition has changed. Innovative technology and retail companies with access to big data and powerful analytics are using digital connections to appeal and provide health-care services to consumers.
Is Your Finance Function Ready For Digitalization?
August 7, 2017
Digitalization has completely evolved the finance world. Transitioning to digital enables finance organizations to improve efficiency and ensuring compliance, driving business performance and defining new strategies. This all sounds great… but how realistic is this? Digital transformation starts with assessing your current digital maturity, identifying gaps, and adopting best practices that truly enable finance to become a strategic partner. To address this, SAP has launched the Finance Digital Readiness Assessment.
Read More At The Digitalist By SAP >
How Machine Prediction Can Enhance Human Judgement
August 3, 2017
With all the advancements in technology and automation, many professionals are left wondering how this will impact their work. Instead of focusing on if this shift will replace jobs, it is important to see the positive- this shift will substantially raise the value of human judgement. Predictive analytics is a key aspect that has come from these advancements and if an organization doesn’t have a grasp on it, they are definitely searching for a tool that allows them to get the most out of their data. Prediction is about using the data you have to generate the data you don’t have to improve decision making. Machine prediction will compliment human judgement and ultimately enhance an organization’s overall strategy.
Read More at The Harvard Business Review >
