Today, Big Data is the cornerstone of business strategy. Companies are no longer relying only on information generated from their ERP systems to drive strategic, financial and operational decisions, rather, they have to make use of data from other sources such as CRM systems, social media, and website clicks.
Part 1 of this article discussed the impact on finance and accounting professionals working in a VUCA (volatile, unstable, complex, unstable) economic environment, in terms of their ability to be able to provide timely, meaningful decision making information. It also highlighted the limitations based on a ‘rules based’ thinking mindset and an over-reliance on collecting vast amounts of data fo...
The traditional role of the finance function is that of ensuring accurate processing, accounting and reporting of financial transactions. However, in today’s volatile, uncertain, complex and ambiguous (VUCA) economic environment, reporting on the past is no longer enough. New advanced technologies are disrupting business models at the speed of lightning. For example, digital innovations such as ...
Key Points From the Episode: