The search for vital analytics talent has often focused on data scientists. In this article for Harvard Business Review, we describe the overlooked analytics role that’s even more critical to fill.
By Chris Argent, Founder, Generation CFO
I think the marketeers have got us accounting and finance people wrong…
The current messaging around technology adoption seems to be driven by three fairly negative statements;
- accountants and finance are missing out on all new technology benefits
- they are all doing something wrong or badly
- what we are doing is going to be automated; redundancy is imminent!
Whilst parts of these messages are possibly true, life isn’t so black and white, life isn’t changing at break neck speed and there is always another way of seeing the problem (and solution) especially if you know the profession as I do (and not just the marketing keywords).
I am a huge advocate of digital transformation in finance, having founded and developed the Generation CFO community. One of my aims is to continually improve finance engagement with new tech by demystifying technology and moving finance professionals from fear of the unknown, FOFU to fear of missing out, FOMO!
Below I rattle through a load of Data Science buzzwords (not a deep techie explanation of Data Science) and give short definitions with a finance/accounting example where appropriate.