CFO Dive published an article examining how CFOs can use advanced data analytics to successfully guide their companies in today’s challenging business landscape.
The article states: During the pandemic CFOs have used advanced data analytics to cut costs, tighten cash management and safeguard supplies. For example, detailed analysis of consumer demand and economic growth in several countries is helping automakers adjust their just-in-time production to a severe shortage of semiconductors.
CFOs who most effectively manage risk today have discarded old forecasting methods that primarily relied on spreadsheets and backward-looking historical data. They have adopted advanced analytics that track external and internal risks based on high volumes of near- or real-time data, according to CFOs and experts in business technology.
READ THE ENTIRE ARTICLE HERE > CFO Dive