Publication type
FT ranked journal articleAuthor
Stouthuysen, KristofPublication Year
2023Journal
MIT Sloan Management ReviewPublication Issue
summer
Metadata
Show full item recordAbstract
As more CFOs try to capitalize on the promise of data and analytics, many find their offices aren’t seeing the expected gains. What separates digital finance leaders from the laggards? How can CFOs that struggle with the use of advanced analytics catch up with — and even surpass — their more successful colleagues? In this article, I offer a framework to help CFOs assess their office’s current data sophistication, and I illustrate how finance teams can improve their analytics capability by focusing on seven areas: strategic use of advanced analytics, model explainability, cross-functional data collaboration, analytics skills, exploration and experimentation, data-driven culture, and digital inclusivity.Knowledge Domain/Industry
Accounting & FinancePeople Management & Leadership