The Buzz: “Data is now more valuable than oil” a popular business sentiment.

* In 2006, British mathematician and Tesco marketing mastermind Clive Humby shouted from the rooftops, “Data is the new oil.”
* Now “Data Isn't The New Oil — Time Is”. (Michael Kershner, founder of ILC)
* Oil has reigned for centuries as one of society’s most valuable resources…But in today’s 'data economy,' it can be argued that data, due to the insight and knowledge that can be extracted from it, is potentially more valuable. (Therese Fauerbach, CEO, The Northridge Group)

While this metaphor can be further debated, the power and abundance of data in its various forms hold a special place within the enterprise and especially within the Office of Finance.

But how the Financial Planning and Analysis [FP&A] function leverages operational and financial data in their day-to-day activities often remains a mystery.

With systems that connect data in a meaningful manner, what can Finance to do change processes and make impactful decisions to become a much more data driven function that better helps their business constituents and ultimately increases shareholder value?

We’ll ask Brian Kalish at Kalish Consulting, Jeff Hattendorf at Macrospect, and Pras Chatterjee at SAP for their take on The Road to Finance Prosperity: Powered by Data.