All posts in Decision Science

27
Mar

The 7 Data Science Skills That Will Change the Accounting Career

Categories: Accounting, Analytics, Big Data, Data, Decision Science
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by chiefowl

There was a time, not too long ago, when Finance and Accounting had complete control over most of the decision making data in any business.  I caught the tail end of that generation.  At my first job as Financial Analyst for a licensing division of the Walt Disney Company, the finance department had control over all data, including the G/L, contract systems, customer and vendor database, budget and forecast files, and even the IT function. We owned the keys to Read more

22
Oct

Five Experiences Shared by the Best Business Analysts

Categories: Analytics, Data, Decision Science, Finance, Revenue Optimization
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by chiefowl

The traditional career path for most business analysts is to start in Accounting or Finance and then jump into a managerial role. While this may be the most efficient process for sourcing quantitative talent, it is not necessarily the most effective. Many companies are beginning to realize that the benefit of having great Analysts is in creating value and wealth rather than in creating reports. For the latter you just need to learn some technical skills, but for the former you need to be exposed to experiences Read more

04
Feb

How to Take On the Epidemic of Overconfidence at Your Company

Categories: Analytics, Data, Decision Science, Finance, Pricing
Comments Off on How to Take On the Epidemic of Overconfidence at Your Company
by chiefowl

From time to time one of our clients asks me to sit in on a vendor presentation for some Business Intelligence software. At the end of these demos the salesperson usually summarizes the value of the system by saying some derivative of “it allows you to make more confident decisions.” That is exactly the opposite of what the sales pitch should be. You see, in the business world there is no confidence problem. Managers across all industries are usually way Read more

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