Why are business intelligence systems increasingly popular with chief financial officers?
Business software solutions mine mountains of information and deliver detected trends and patterns in market conditions, the economy, competitors and other key indicators. Then its up to management to sift, interpret and execute based on the data. Business intelligence tools actually answers questions rather than just present mounds of data. On the cutting edge is Predictive Analysis proven invaluable to Trusted Financial Advisors and Chief Financial Officers in modeling consequences of strategic decisions before committing resources. Predictive analysis is the bridge between pure data gathering and analysis and being able to help divine the future. Unlike applications of so-called artificial intelligence, predictive analysis does not replace managements prerogative to manage. Rather, it enhances the predictability of the financial impact of alternate business plans by illustrating what will happen if… specific decisions are made or outside market influences are encountered.
