With their deep-rooted understanding of a business’s strategic objectives, chief financial officers (CFOs) are in the best position to lead digital transformation initiatives. This includes the use of finance analytics in making decisions to drive business performance. 

More data and more information do not always set your business up for success. What you need are actionable insights. These are meaningful findings that trigger action among key stakeholders. To safeguard its context from overuse, let’s take a deep dive into what actionable insights are — its attributes, how to distinguish actionable from non-actionable insights, what makes insights actionable and other key information about this topic.

Data is ubiquitous. That’s certain.   Today, CFOs and CIOs face an apparent roadblock in communicating insights effectively across the organization. Through storytelling with data, you essentially give voice to the numbers from your database and go beyond the visuals. 

As humans, we like visuals because they make information easier to understand. However, not all data visualizations are the same — some are effective in simplifying complex data while some confuse the audience. So how can you ensure that you’re sending clear and digestible information to your target audience? These data visualization best practices can help.

Data mining is the element that bridges the gap between data analytics and businesses. It’s the reason why business owners and C-level executives understand the decisions they wind up with.  

A business intelligence (BI) roadmap guides your business to where it needs to go in terms of implementing BI strategies. It establishes your target goal and identifies the steps and milestones needed to reach that goal.