This guide discusses the current state of data analytics, its relevance to the CFO, leading practices, and evolution and trends.
Data analytics is the practice of embedding insight into operations to drive business strategy and performance. It includes a range of capabilities: Performance management describes the methodologies, metrics, processes and analytical applications which are used to monitor and manage the business performance. Business intelligence helps solve queries and reports answers.
Data governance develops and executes architectures, policies, practices and procedures that manage the collection, quality, standardization, integration and aggregation of data across the enterprise. Advanced analytics use modern data mining, pattern matching, data visualization and predictive modeling tools to produce analyses and algorithms.