If Fortune 500s are learning to make big data work for them, and seeing those kinds of results, shouldn’t you?
3. You have a built-in advantage.
Perhaps no other member of the C-suite, or the entire company for that matter, is more equipped to wrangle meaning out of a seemingly infinite number of data sets than the finance organization.
In an excellent whitepaper, “A big role for CFOs in big data,” McKinsey & Co. outline what they see as a big role for CFOs in leading the charge on the big data front: “No matter who takes the lead, CFOs have an essential role to play,” write authors Brad Brown, David Court and Paul Willmott. “Just as they would ensure that the returns of any investment live up to expectations, CFOs should take the full measure of data-related opportunities, especially given their cross-functional nature. From defining an overall approach to deciding what to build to mobilizing talent and resources, CFOs should engage fully in planning and implementation with an eye to creating value.” Question: What’s your finance organization’s plan to harness big data? Do you see value in it?