Findings from a survey reported last week showed that roughly half of senior finance executives in the U.S. said they wanted to beat their competitors by mastering Big Data, yet less than a quarter said they will focus on implementing that technology over the next year preferring to focus on the better integration of their companies’ existing information systems. …
‘Stick close to your desks and never go to sea,
And you all may be rulers of the Queen's Navy’
The chorus of "Sir Joseph Porter's Song" above, taken from the Gilbert and Sullivan operetta H. M. S. Pinafore, is a satire said to be based on William Henry Smith (1825-91), the Victorian businessman who made a fortune through expanding his father's bookselling business into a national chain which still thrives today as WH Smith.
First published on SAP Analytics
Recently I came across the term “Mocial”. Simply put, “Mocial” is a combination of mobile and social, and implies how everything we do is connected to our phones and tablets that we carry on person or in our bags. The buzz around Mocial is usually in the context or Facebook, Twitter, Foursquare, Linkedin, and Google+ to name a few.
After digging around on the web, I've come to the conclusion that accountancy and finance is a well-respected profession as I can find fewer jokes to share than for consultants. But I promised you some a few days back and here's the pick of what I found:
Q. What's an extroverted accountant? A. One who looks at your shoes while he's talking to you instead of his own.
Nice video clip on how SAP BusinessObjects tools can enhance the analysis and visualization of reports from SAP Business Planning and Consolidation
Data is the new oil and Big Data is the new prospecting ground. In its raw state, it’s crude and needs refining through analysis, but the promise is that if you get it right, you’ll hit pay dirt with insight into your market or your customers that will release a new pipeline of revenue and profit. .
The argument is that most companies are missing new signals that are hidden in this data and they are still looking in the rear-view mirror at historical financial and performance information when they should be focusing on what’s actually happening in the business in the here and now.
Growing revenue, improving profitability and reducing cost come out as the most important priorities of the 1208 respondents that took part in Bain & Company’s 14th ‘Management Tools and Trends Survey 2013’ report – something they’ve been doing for over twenty years now. Well I guess there is no big surprise there as the slow recovery from the global economic downturn has left many executives struggling to find new ways to invest the massive cash piles their companies are sitting on.