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Why make decisions with data?

Does data matter? The volume of data available for decision-making has grown exponentially in the last few years. Information pours in from digital platforms, mobile phones, wireless sensors, etc—but why …

Presenting metrics

In the previous step we gained a broad overview of performance metrics, noted the importance of integrating impact and financial metrics, and outlined three different monetary-based techniques available to businesses …

Decision making frameworks

A decision tree is a chronological representation of the decision process, which, as you know, can be very complex. A decision tree is made of two types of nodes. Decision …

Achieving business impact with data

For Chief Data Officers to achieve business impact, they need to use the insights value chain, which has the two key components. Technical value—eg data, analytics (algorithms and technical talent), …

Cash Flow management

So far, we’ve looked at three broad approaches to cost-cutting. While businesses can choose the approach that fits their goals best, cash flow management is a technique all businesses engage …

Analysis into insights

The rise of data-driven decision-making has sharpened our focus on two increasingly important dimensions of business in the 21st century: analysis and insights. ”Leaders at all levels of government are …

Levers to improve financial performance

Cost control (also known as cost attainment or cost management) focuses on identifying and reducing business expenses to increase profits. Cost controls are the levers businesses pull to improve financial …

Cost control to drive financial performance

What does cost control look like in action? How have managers felt about their key roles here (ie the managing behaviour and evaluating performance)? Consider a dramatic example, the global …