As the volume of data grows bigger and bigger, the challenge for senior finance executives remains: how do you use this data to achieve value for your company?
Business Intelligence (BI), a way to use data to make smarter decisions, can help get you there, but it’s no easy road. BI must be applied carefully to optimize what is important. Focusing BI tools on the wrong things can be wasteful and will not offer the performance-enhancing strategies that finance executives seek.
This CFO eBook will explore what BI is, what it can do for you, and what your role as the CFO is in implementing these tools. When you and your CIO are discussing what corporate performance management (CPM) strategies to pursue today, you will be equipped with the knowledge of what BI tools can offer, and what you and your organization need to bring to the table to make the most of the data.
Topics covered in Better Business Intelligence include:
- The challenges associated with BI, from the magnitude of data to issues of risk management;
- The tools of the trade: their strengths and limitations;
- What analytics can do for your business and tips for employing analytics in an effective way;
- Why it’s important for finance executives to be involved in BI decision-making.