It’s no secret that attitudes toward cloud technology are rapidly changing, and discussions about the potential downsides of cloud deployment are quickly evolving into valid, evaluations of the risks associated with not making the move. Perhaps, it’s a combination of sober thought and some companies witnessing their counterparts in the same or different industries deploy cloud computing technologies, with success hence; the adoption of it. And, with the emergence of cloud-based technology, the use of analytics have also increased. In an op-ed by Rodger Howell, principal at PricewaterhouseCoopers for CFO magazine, he writes;
“Today’s technology, cloud, and IoT-driven world is continually generating a wealth of data, creating both opportunity and challenge for those tasked with deciphering and analyzing it. CFOs in particular are now facing increased pressure to connect the dots between multiple data streams to identify patterns that will optimize a company’s growth and align its costs with its strategy.”
Now, that a statement that packs a powerful punch and is noteworthy, if your company remains unconvinced about the rapid acceptance of cloud technology, and its plethora of advantages it can bring to your business.
Rodger Howell’s article provides a blue print for companies to follow when considering, cloud computing software solutions and analytics. In no particular order, it reads in part:
“Setting Goals and Objectives: CFOs should first identify the organization’s short and long-term objectives, developing key performance indicators to track progress. Consider this step the impetus that will motivate business leaders to introduce data analytics to their day-to-day operations and to assess their impact on business goals.
Proposing Pilot Projects: Once CFOs have buy-in from key players within the organization, they should use this support to introduce pilot projects rooted in data analytics. CFOs can start small by proposing new operations and always being sure to encourage participation from other members of the organization.
Seeking Feedback: CFOs must realize that ongoing feedback from other members of the organization, including its leadership, is necessary after introducing new data analytics platforms, and processes.”
Cloud computing and analytics is an increasing priority for companies of all industries especially, for business executives who want to streamline payroll and overtime costs and other related business expenditure.
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