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How to Become a Data-Driven Strategist
To become a data-driven strategist, you need certain
kinds of people, processes, and technology.
Data-Driven
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Institute of Management Accountants, "How to Embrace Data Analytics," February 2019.
People
Your finance team needs
curious, creative, analytical
people who will monitor
data, identify trends, and
hypothesize how to achieve
success for the organization.
Processes
Today, only 33% of
management accountants
believe their organizations
have strategies to use
leading-edge analytic
techniques and technologies
effectively.
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Technology
You need three technological
capabilities to become data-
driven:
1. Automated financial
operations
2. Multi-dimensional analysis
of key metrics
3. Synchronized data with
other systems in real-time
