The Ledger
Curated content foranalytical business leaders
Harvard Business Review: Bad Data Is Sapping Your Team’s Productivity
December 1, 2022
“Fortunately, good-enough-to-get-started estimates can be obtained by the applying the “rule of 10”: it costs 10 times as much to complete a unit of work when the data is flawed in any way as it does when the data is good. In practice, this means that if data is good for 90% of your work, finishing the remaining 10% will cost more because of all the added friction.”
CFO Magazine: 49% of Finance Professionals Worry Cash Flow Data is Unreliable: Weekly Stat
November 30, 2022
“As the economic outlook for the next twelve months continues to be poor, real-time financial data will be “key to survival” according to the survey. Rising pressures on CFOs will result in more data-reliant decision-making.”
Industry Week: Is the Chip Shortage Over? That Depends.
November 28, 2022
“Supply chain practices such as enabling end-to-end traceability, diversifying sources of supply, and optimizing safety stock can also help to manage risk. Of course, nobody has a crystal ball to see perfectly into the future, but proactive and data-informed business planning can help to prevent shortfalls and build resilience into your supply chain.”
CFO Insights: Are You Ready to Make the Switch to Lights Out Finance?
November 22, 2022
“Shifting from automated to autonomous allows the finance function to achieve an exponential level of efficiency, reduce costs, and become more agile—while digital technologies autonomously execute processes end to end. Human intervention is the exception, freeing up finance professionals to shift their efforts to higher-value strategic activities and to generating more significant insights for the business.”
