Guest blog from Lisa Meranger, Worldwide Market Segment Mgr., IBM Business Analytics
Unlocking the value of Big Data for finance and risk executives means taping into key areas of your operations to understand the value drivers and risk factors for your business. Analytic capabilities not only facilitate this business insight, they provide executives and staffers with the ability to make better decisions to drive growth, manage risk and optimize performance. This is "Performance Management", and for organizations that do this well, the rewards are great.
“Companies that leverage data for competitive advantage outperform their peers in key financial measures: 1.6x Revenue growth, 2.0x EBIDTA growth, and 2.5x Stock Price Appreciation.”
[Source: Outperforming in a data-rich, hyper-connected world, IBM Center for Applied Insights study conducted in cooperation with the Economist Intelligence Unit and the IBM Institute of Business Value. 2012]
Recently, I had the opportunity to hear from many of these high performance companies, our customers, during the IBM Vision 2013 Conference in Orlando, FL May 19-22nd.
Over the course of three days, over 500 clients across operational lines of business and over 200 partner attendees from our customer base converged to share their organizations strategies to address key areas of their business, where the need for timely access to data and insight is fundamental to their success – finance, risk management, regulatory compliance and incentive compensation management. With over 100 sessions and workshops in addition to networking events, Vision 2013 provided an invaluable experience for our clients and partners to interact with their peers, colleagues and product experts. A record number of leading industry analysts attended to engage with customers and learn first hand about the solutions and strategies companies are adopting to address the problems that are top of mind today for CFOs, CROs and compensation professionals in virtually all organizations. Across the conference, attendees expressed an unabashed enthusiasm for the software we are building and our "VISION" for their future.
If you were not able to attend this year, or did and would like a lasting memory, I encourage you to view the “Best of Vision 2013” with over 7 hours of programming available by livestream. It's the next best thing to having "been there" in Orlando!
And, next week on June 11th, you will have opportunity to further explore business analytics in more depth when we present our latest innovations for Finance and Risk during IBM Innovations in Business Analytics Virtual Launch where we will share how organizations are driving performance achievement through new sources of analytic insight. Among our performance management solutions for analytics, we'll feature two products that allow you to spend less time organizing data and more time extracting real meaning from it – IBM Cognos Disclosure Management 10.2.1 and IBM Accelerated External Reporting Solution. Most importantly, you will learn about sustainable finance practices that can improve visibility, insight and control over the levers of performance, governance and risk.
Your organization can be among the successful companies today that are realizing success from weaving analytics into the fabric of your business. We look forward to you joining us on June 11th!
For more information:
- See how to Outperform in a data-rich, hyper-connected world
- Read the IBM Business Analytics for Finance newsletter "Finance & Beyond",