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PACE Academic IG

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Topic that came up this week, analytics is a big issue in the discipline, yet when I research it or have conversations about it, I have never gotten a satisfactory or complete definition of what it is. Clearly it involves applied statistical analysis to address business problems. Still, that seems incomplete and lacking as a definition. So, I put it to the IG, how do you define data analytics as applied to accounting/finance?


JP .... Thanks for your message above. I am not taking the time now here to reply with a definition for analytics as it applies to accounting and finance,

But I am attaching an article I authored for the IMA's Strategic Finance magazine. Its title is "Mining the Data to See the Future". My article

Cokins CFO Analytics
Download PDF

includes several examples for how "advanced" analytics (e.g., regression, correlation, segmentation) can be applied to the CFO's domain.



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