Ventana Research Analyst Perspectives

Getting to the Next Generation of Finance Analytics

Posted by Robert Kugel on Mar 19, 2013 11:13:13 AM

One of the most important IT trends over the past decade has been the proliferation of ever wider and deeper sets of information sources that businesses use to collect, track and analyze data. While structured numerical data remains the most common category, organizations are also learning to exploit semistructured data (text, for example) as well as more complex data types such as voice and image files. They use these analytics increasingly in every aspect of their business – to assess financial performance, process quality, operational status, risk and even governance and compliance. Properly applied, business analytics can deliver significant value by deepening insight, supporting better decision-making and providing alerts when situations require attention from managers or executives.

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Topics: Planning, Predictive Analytics, Customer, ABC, Budgeting, close, closing, Finance Analytics, plan, PRO, strategy, Operational Performance, Analytics, Business Analytics, Business Collaboration, Business Performance, Cloud Computing, Financial Performance, Accounting, CFO, pricing, Risk, risk management, costing, FPM, price optimizaiton, Profitability