Financial planning & analysis transformation: the crucial shift from descriptive to prescriptive
|1. Descriptive||2. Diagnostic|
|Why did it happen?|
|3. Predictive||4. Prescriptive|
|What will happen?||How can we make it happen?|
- Was the board satisfied with our explanation of what happened?
- Do they agree with our reasoning of why it happened?
- Do they clearly understand what will happen?
- Are they convinced we know how to make it happen?
Becoming a high-value strategic partner in your business
Without prescriptive analytics you’re navigating with the rear-view mirror—you won’t be able to accurately predict the future or determine how to reach the goals of your business. It’s crucial to reflect on where your organization lies and begin strategizing how to move from low-value number crunching to high-value strategic partners that drive the business.