Trésorier/Treasurer magazine - N°91 - Oct/Nov/Dec 2015 - (Page 31)
Analytics can be a foundational
element of business transformation by challenging conventional wisdom about what we
think is true.
What top performing Finance and Treasury functions
The wide expansion of business intelligence solutions allowed
automation and enhancement of the financial reporting and
controlling processes. This, in turn, allowed Finance functions to transform from report producing entities to a strategic
business partners providing invaluable business insights via
The "Partnering for performance" series, which looks at how
CFOs can partner with the leaders of other internal functions
to drive organizational performance, points in 2014 that 26%
of CFOs identified economic uncertainty as a major challenge
for their organization. Moreover, 60% of CFOs feel that it is a
top priority to improve their decision analytics capabilities.
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Why analytics is in Top 10 list of corporate priorities?
The dramatic increase in the amount of data and information
that organizations need to consider is intimidating. Explosive
growth of mobile devices (1 billion smart phones by 2015), social
media and machine sensors is generating data that didn't exist
a few years ago. Indeed, 90% of world's data have been created
in the last two years alone. For business leaders, information is
power - when used to take better, quicker and smarter decisions that improve business performance and risk management.
Data analytics is the extensive management and use of data,
statistical and quantitative analysis, explanatory and predictive
models and fact-based management to improve business performance, drive better business decisions and proactively manage risk. Analytics involve comprehensive and deep-dive data
analysis of large volumes of historical and actual data collected
from multiple sources that potentially could provide invaluable
Analytics as a business discipline has existed for decades.
Its application and acceptance have increased recently because
of the pace and scale at which data is accumulating from so
many sources, the speed of access, rapidly reducing storage
costs, and the sophistication of enabling tools and technology. These advances have led to the promise of better business
decisions backed by the science of analytics. Analytics now sits
at the top of the business agenda for many leading organizations
looking for new ways to create competitive advantage. Observers see the analytics market growing from US$5b in 2012 to
US$50b in 2017 across all sub segments of the market - software
and hardware; data capture, storage and management; analysis
and reporting; process design and business model innovation.
Analytics can be a foundational element of business transformation by challenging conventional wisdom about what we think
is true. Increasing competition, cost and regulatory pressures
are motivating business leaders to apply analytics derived insights to key business operations. Intuitive decision-making is
diminishing as companies embed analytics into all processes.
/ NOV / DEC 2015
Using analytics to cope with
uncertainty and volatility
How analytics enables managers to make
decisions based on evidence rather
Table of Contents for the Digital Edition of Trésorier/Treasurer magazine - N°91 - Oct/Nov/Dec 2015
Table of contents
FINANCIAL HIGHLIGHTS Luxembourg Tax News
INTERVIEW Ben Poole Editorial Services
To What Extent Should Treasurers’ Activities be further centralized?
Capital Markets Union (CMU)
Upsurge in fraud
Using analytics to cope with uncertainty and volatility for treasury
IFRS 9 : Nécessite d’une reorganisation bancaire majeure
Taux zéro : de nouvelles stratégies pour un nouveau monde
Investing surplus cash in repos
Warranty & indemnity insurance
Making the switch from Excel to a Treasury System
Corporate treasury in the digital age
Fini le casse-tête des paiements internationaux pour les entreprises !
Bank Independent Cash Pooling
Gérer l’offre de retraites : un choix complexe pour l’entreprise
15 MINUTES AVEC CIAM
THE FINANCIAL RISK OBSERVATORY
LIFE BEYOND NUMBERS
Trésorier/Treasurer magazine - N°91 - Oct/Nov/Dec 2015