Unleash the performance of your financial and operational steering
We live in a data-driven century that has left behind the phase of theoretical knowledge in favor of useful and practical applications. This is reflected in various corporate agendas which focus on the transformation to a data-driven, data-based or data-centered company. Or as Carly Fiorina, former CEO of Hewlett Packard, put it:
The goal is to turn data into information, and information into insight.
But what does this mean for corporate performance management? Business Intelligence (BI) and Business Analytics (BA) are dedicated to providing new insights into business processes, in order to support managers’ decision-making and optimize corporate performance management. However, technical advances have changed the way of working fundamentally in recent years. According to our most recent Horváth & Partners CFO Panel, German CFOs expect a 38% increase in efficiency through BI and BA. How can this be achieved?