Why There’s Never Been a Better Time to Embrace Digital Finance
COVID-19 has put us all under immense pressure, but it’s also made us more open to meaningful transformation.
As the old saying goes, “No crisis should go to waste”.
Why Finance Transformation Should Start With a Fast and Efficient Financial Close
The COVID-19 pandemic has driven a desire for finance transformation. CFOs have had to pivot to deal with the crisis, looking for new tools and ways of working to facilitate that. Desire does not equal results, however. Turning finance transformation objectives into reality is a hard, thoughtful work.
The Digital CFO Skill Shift – Evolution of the CFO Suite
If you could start by sketching your team on a blank piece of paper, would it resemble in any way the structure you have today? Would the design you come up with still be relevant considering the rapid changes brought about by the ongoing pandemic? Digitization has become a realistic goal for CFOs and their teams to remain highly relevant, especially when there is an ever more pressing need to react quickly.
Why Data Analytics is Heavy on Data Engineering
While many companies have embarked on data analytics initiatives, only a few have been successful. Studies have shown that over 70% of data analytics programs fail to realize their full potential and over 80% of the digital transformation initiatives fail. While there are many reasons that affect successful deployment of data analytics, one fundamental reason is lack of good quality data. However, many business enterprises realize this and invest considerable time and effort in data cleansing and remediation; technically known as data engineering. It is estimated that about 60 to 70% of the effort in data analytics is on data engineering. Given that data quality is an essential requirement for analytics, there are 5 key reasons on why data analytics is heavy on data engineering.
CFO Talk: Leading Edge Technology Update for CFOs with Dave Sackett Part III
Welcome to CFO Talk. I’m your host, Steve Rosvold, chief learning officer at CFO.University. Joining us today is Dave Sackett, chief financial officer at ULVAC Technologies. Dave has a strong interest in the Fourth Industrial Revolution and frequently speaks on topics related to artificial intelligence, block chain, robotic process automation and machine learning. Today, Dave will be updating us on these leading edge technologies.
