According to Gartner, 78% of CFOs have labelled “BI” (Business Intelligence) and “Analytics” as their top tech initiative for their function - beating out even financial management applications. This shows the growing popularity of BI which now plays a major role in enabling finance leaders take the needed strategic calls for the business. By focusing more on intelligent analysis and less on just ‘collecting and reporting’, the finance leader can guide and steer other business units and leaders to the desired outcomes and results. Analysing and synthesizing this data to make it relevant for decision making becomes the key in BI. This intelligent data helps financial directors in accurate planning, budgeting and forecasting.
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