The Impact of Data and Analytics on Business and Finance

Prashanth Southekal, PH.D., MBA, MS and Steve Rosvold, BS, MBA

Foreword

Thank you very much for your interest in our research: The Impact of Data and Analytics on Business and Finance.

The world’s economy will dramatically transform in the coming years. According to International Data Corporation (IDC), a premier global provider of market intelligence, 50% of the world’s GDP will be based on data-related products, services, and experiences by 2025. This means organizations will be leveraging digital technologies and data more than ever before and therefore companies need to be better prepared for that future state.

Data Analytics is especially important to the Chief Financial Officer and their finance teams who have been called on to deliver better decision-making techniques at their companies. Yet, there is evidence that finance is behind in using advanced analytics to accomplish this.

Additionally, not many analytics projects are successful. Studies by Gartner, McKinsey, and many more organizations have shown a dismal success rate of analytics projects. In this regard, we at DBP-Institute and CFO University have carried out a research to understand the impact of Data and Analytics on Business and Finance. We hope, you will find this report i.e., the DBP-CFO Insights report useful to you and your organization. For any questions or clarifications, do not hesitate to contact us

Regards and Thank you

Prashanth Southekal, Ph.D., MBA, MS
Founder and Managing Principal, DBP Institute
E: psouthekal@dbp-institute.com
Steve Rosvold, BS, MBA
Founder and CEO
CFO University
E: steve.rosvold@cfo.university