Business Intelligence (BI) and Business Analytics (BA)

Overview

Volatility and complexity are the new normal. Most organizations are drowning in data, but starving for information. The finance and accounting function has the opportunity to leverage Big Data and the continuum of analytics – descriptive, diagnostic, predictive, and prescriptive. All are useful for better decision making. Collecting, validating, and reporting data is not the same thing as analyzing information where we can glean valuable, actionable insights. In some ways the finance function is many years behind other disciplines such as marketing, sales, and supply chain managers, in applying analytics. How can the CFO’s function catch up?

Highlights

The Rise of Business Intelligence (BI), Business Analytics (BA), and Big Data
Why the interest in BI and BA?
The analytics continuum
How BA can provide a competitive advantage
The difference between BI and BA
The difference between forecasting and predictive analytics
Fundamentals of analytical techniques
Examples for the CFO and accounting function
Benefits from applying analytics
The impact of artificial intelligence (AI) on the accounting profession

Prerequisites

None

Designed For

CEOs, CFOs, Controllers and other corporate professionals

Objectives

Understand how Business Intelligence (BI) and Business Analytics (BA) can help you make sense of your organization's data