The podcast The Future of Finance: CPM+DnA for Strategic Advantage hosted by Arthur Forbus, explores the evolving landscape of corporate performance management (CPM) and the integration of data and analytics (DnA) to achieve strategic advantage. Forbus and his guest, Joe DelPercio, Head of Data & Analytics, discuss the shift from traditional data systems to modern analytics platforms. DelPercio emphasizes the importance of data science, AI, and business intelligence in transforming financial and operational processes, allowing companies to move from tabular to visual data storytelling. This shift, DelPercio notes, empowers companies to make more informed decisions, leveraging robust platforms that offer security and scalability.
The conversation highlights the cultural transformation within companies toward a data-first mindset. DelPercio describes how companies now require comprehensive, multidimensional data to understand both financial and operational aspects of their business. This cultural shift, driven by the success of large tech companies, has led to the adoption of hybrid systems where technical and business knowledge converge. The integration of various data systems (e.g., CRM, ERP) into unified platforms is essential to break down silos and ensure that decision-makers have access to accurate, cohesive data.
As the discussion progresses, DelPercio shares insights into the future of finance, touching on the role of advanced analytics and AI. He stresses that a strong foundation of clean, well-governed data is crucial for leveraging technologies like machine learning and generative AI to enhance decision-making. The ability to scale and automate processes will enable companies to shift from manual data handling to strategic analysis, ultimately driving efficiency and competitive advantage in an increasingly data-driven business environment.