Recently, the concept of critical data has caught the attention of data management professionals. I myself was no exception, so I decided to dive deeper into this subject and do some research. In this article, I would like to share some results of my research and my experience with:
Recently, I have encountered a lot of discussions within the FP&A community about business partnering. The challenge in such discussions is to move from the theoretical reasoning into practical execution. In this article I will highlight one area where cooperation between FP&A and Data management professionals can deliver mutually beneficial results.
While all facets of the modern business are important, arguably the most important to any retail, manufacturing, or goods-based service is their supply chain. The supply chain serves as the backbone of these companies and has a significant impact on the company’s business strategy which directly affects its operation and operational costs.
Managing cash flow, planning the financial outlay, keeping the balance sheet in order, and ensuring all financial compliances are met are some of the core responsibilities of a CFO. The CFO is also responsible for identifying opportunities to reduce operating costs without sacrificing the quality of the products and services offered by the company.
In some respects, cybersecurity is not that different than protecting your building against fire or flood. For instance, if you choose to construct a building on a floodplain and take no precautions while building, you’re responsible for the damage caused when you get inevitably flooded. Likewise, if you are an apartment owner and neglect to install smoke alarms and sprinklers in the complex, you will not be able to rent the space because it will be deemed unsafe.
