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    How digitally mature is your finance office?

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    Publication type
    FT ranked journal article  
    Author
    Stouthuysen, Kristof
    Publication Year
    2023
    Journal
    MIT Sloan Management Review
    Publication Issue
    summer
    
    Metadata
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    Abstract
    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.
    Keyword
    Data Analytics, CFO, Strategy
    Knowledge Domain/Industry
    Accounting & Finance
    People Management & Leadership
    URI
    http://hdl.handle.net/20.500.12127/7243
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