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 …
Course: Financial Analysis for Business Performance: Data-Driven Decision Making
Introduction to data analytics for financial decision making
Insights-driven decision-making The traditional role of financing in business has shifted from mere reporting to insights-driven decision-making. Cost management, emerging technologies in automation, artificial intelligence, and data analytics (eg, ‘big …
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), …
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 …
5 key characteristics of performance metrics
In this article, we’ll go through the key characteristics of performance metrics and see how they can be presented. Five characteristics of performance metrics Performance metrics should include the following …
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 …
How to manage your cash flow
While businesses can choose the approach that fits their goals best, cash flow management is a technique all businesses engage in. There are various mechanisms that could be used for …
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 managing behaviour and evaluating performance)? Consider a dramatic example, the global financial …
These articles are from the online course:
Financial Analysis for Business Performance: Data-Driven Decision Making