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Innovating with business intelligence
During this panel, the discussion focussed on how to bring
technological innovation to finance offices, and how to im-
prove the performance of this business. A lot of pressure co-
mes from the need to shorten and speed up the processing
and presentation of data. «Processes are moving towards
automation,» said Manuel Vellutini, Deputy CEO Business
Strategy and Growth Tagetik Italia,
«which means reducing
the risk of presenting incorrect data to investors, having a
more complete vision and developing a more targeted struc-
ture as well as connecting operational information and fi-
nancial information»
. The speech by Sergio Colella focus-
sed on the new role of the CFO and presented the results
of a survey which involved 300 CFOs, from which it emer-
ged that the priority is that of creating solid risk manage-
ment which can prevent the problems arising from security.
Digitalisation ranks second, followed by the increasingly
business-oriented approach of the CFO.
Innovation parameters. An industry to be “re-invented”
The CFO Summit, on its second day of works, then focus-
sed on the issues of a company’s ability to reinvent itself
and on the opportunities or variables that influence its eco-
nomic success. Gerhard Dambach, CEO Southern Europe
Bosch Group and CEO Italy Robert Bosch S.p.A., spoke of
how change and volatility are the levers of the market:
«if
you have a smart idea, you can conquer the market»
he sta-
ted. Efficiency and flexibility are the drivers of change.
The emerging models of global companies
Donato Iacovone, Managing Partner of MED EY, underli-
ned the importance of Big Data and Data Analytics: with In-
ternet connections, we can constantly receive and release
information. The data is almost infinite. Everything is con-
nected in a company and generates information. The big-
gest mistake that a CFO can make is to think that Big data
and everything that rotates around it are the responsibility
of the IT department:
«Big data is a tremendous resource
that must be used in all its aspects. CFOs must understand
its importance and lead this revolution within the company,
giving it the appropriate weight»
.
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21
15.
Pedro Alberto Gómez Rodriguez, Global Innovation Leader PwC;
16.
Aldo Uva, Chief Operating Supply Officer
Ferrero International;
17.
Panel Leveraging
Technology for Efficiency;
18.
Congress Attendees;
19.
Panel Innovative Business Intelligence;
20.
Gala Dinner at Palazzo Parigi;
21.
Fausto Cosi proclaimed Chairman IAFEI
IAFEI Quarterly | Issue 31 | 11