Business analytics is necessary for optimizing an organization. Businesses want predictive analytical tools that lead to increased productivity and better use of resources. One way to get that is standardization of information in all departments.
Technology and the CFO
This report from Singapore CFO Institute and PwC is based on two separate focus group discussions that took place in August 2013; one on data security and another one on business analytics.
The participants discussing data security felt that the CFO must have a strong knowledge of IT trends and to use the technology to improve business. Therefore the CFO and CIO must work closely together. It is also important to work on internal security, firstly by have clearly defined code of ethics and rules.