Manufacturing companies are only capturing a mere 20-30% of the revenue and efficiency gains that they were predicted to in the past five years, notes the Harvard Business Review article by Nicolaus Henke, Jacques Bughin and Michael Chui from McKinsey, “Most Industries Are Nowhere Close to...
Over 90% of CFOs surveyed by consulting firm Kaufman Hall said that their top goal for 2017 revolves around utilizing their data at hand to make critical decisions, according to CFO.com Staff Writer, Sean Allocca’s article “Analytics CFOs’ Top Goal for 2017: Better Analysis and Reporting.”
Even though considering yet another solution for your company may bring about a sense of dread due to unfortunate experiences in the past, embracing change does not always have to be painful. While implementing an analytics solution may mean changes to the way you operate business, it also means...
Many CFOs today find themselves forced to allocate more funds into trade promotion a quantified return on the incremental investment. In fact, an article on CFO.com by reporter David McCann, “Disappointed with FP&A? Ramp Up Tech Spending,” cites the Association for Finance Professionals’ new survey...
Anyone familiar with Big Data knows that an exorbitant amount of money is poured into the industry every year, and Ernst and Young estimates that over 46% of Consumer Goods companies still identify challenges with access to accurate data. While the number representing the money that goes into Big...
Even though most of us are clinging on to the last remnants of summer, the reality is that planning for 2017 is already in full swing. However, when setting your company goals, be sure to avoid these easily-made mistakes that prevent your company from progressing.
"When we speak with consumer goods companies, the growth in data volume and velocity is not lost on them, they get it. The challenge that they articulate to us is how to ensure that the analytics capabilities keep up."
With the continued rise of smart technology and analytics, you might ask yourself the above question. It’s very easy to feel as if analytics are taking the place of humans in the workplace. However, unlike I, Robot, the technology is only here to allow us to focus on the true nature of our jobs....
The role of the CFO in a Consumer Goods company continues to become more strategic in driving revenue initiatives and cost-savings. This is in part because of the growing cross-functional responsibilities that affect how organizations manage investment and growth.
It is difficult to go a week without someone pointing out that growth in Consumer Goods, especially for larger companies, is crawling along at best. A McKinsey & Co. Report, “Winning in consumer packaged goods through data and analytics “, recognizes that “over the past four years, large...