When I think of models, I immediately picture forecasts, capital spending, some of the things you talked about earlier. Today, what type of models are in biggest demand?
What skills should CFOs be looking to develop in their modelers and in their modeling teams?
Let’s roll the clock back a bit and put things in perspective. How has modeling been changing over the past decade? And, is that trend going to continue?
Welcome to CFO Talk. Joining us today are Lance Rubin and Giles Male partners at Full Stack Modeller. Let’s jump right. What is the most effective way CFOs are using models to create value for their companies.
Data Standardization. The Core building block for Data Quality.
Data for Business Performance is using data in operations, compliance, and decision making. However, in most cases the available data in business enterprises is of poor quality. An article in Harvard Business Review (HBR) says – just 3% of the data in a business enterprise is of good quality. In this backdrop, what can be done to improve data quality? While there are many solutions to improve data quality, one option is to capture the important data entities i.e. master data using data standards. In simple words, master data elements describe the core entities of the enterprise such as Products, Customers, Profit centers, Vendors, GL Accounts, etc.
