SlideShare a Scribd company logo
Ronan Gavin
BI Solution Lead
Microsoft Ireland
Self Service BI for Finance
Some Useful Principles
EPG | MICROSOFT CONFIDENTIAL
Key Opportunities for Finance
Agility = Competitive advantage
2
“By 2015 businesses that build a modern information
management system will outperform their peers
financially by 20 percent”
Top 20% Performing Org’s
Employees spend 1.2 Hrs per
week searching for Info
Bottom 30% Performing Org’s
Employees spend 6 Hrs per
week searching for Info
Strategic Relevance
“We’ve reduced the time to produce
accurate insights by over 50% with our
Microsoft BI solution.”
Finance is spending a substantial portion of
time influencing business strategy and
operational priorities
Finance is more focused on ensuring current
initiatives deliver results than on selecting/
aligning new initiatives
* “The Deciding Factor: Big Data & Decision Making” – Capgemini, Business Analytics | The way we see it
..And #1 Blocker to Achieving Expanded Insight
4% 4% 6% 4%
11% 12%
4%
8% 14%
9%
9%
85% 84% 93% 86% 84% 91% 89%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1 2 3 4 5 6 7
“The inability to access & analyze critical data, via existing tools…”
85%
Of business users listed the inability to
analyze data critical to their role, within
their existing tools & processes, as the
#1 obstacle to increasing insight
89%
of these users identify Excel as their
primary analytic tool….
Business Insight: The key skills needed for Finance
“People don’t want data, they want information & the goal is to tell stories”
– Marc Reguera, WW EPG Finance Director, Microsoft
Business Intelligence: A Financial Perspective

More Related Content

What's hot

What's hot (20)

State of the CIO 2018
State of the CIO 2018State of the CIO 2018
State of the CIO 2018
 
CIO COVID Research Infographic
CIO COVID Research InfographicCIO COVID Research Infographic
CIO COVID Research Infographic
 
CIO COVID-19 Impact Survey, Infographic
CIO COVID-19 Impact Survey, InfographicCIO COVID-19 Impact Survey, Infographic
CIO COVID-19 Impact Survey, Infographic
 
2021 IDG Security Priorities Study
2021 IDG Security Priorities Study2021 IDG Security Priorities Study
2021 IDG Security Priorities Study
 
CIO Tech Poll: Tech Priorities 2019
CIO Tech Poll: Tech Priorities 2019CIO Tech Poll: Tech Priorities 2019
CIO Tech Poll: Tech Priorities 2019
 
Final 2021 security_priorities_infographic (1)
Final 2021 security_priorities_infographic (1)Final 2021 security_priorities_infographic (1)
Final 2021 security_priorities_infographic (1)
 
6 Months In: How IT Leaders are Responding to the Pandemic
6 Months In: How IT Leaders are Responding to the Pandemic 6 Months In: How IT Leaders are Responding to the Pandemic
6 Months In: How IT Leaders are Responding to the Pandemic
 
2017 IDG Customer Engagement
2017 IDG Customer Engagement2017 IDG Customer Engagement
2017 IDG Customer Engagement
 
IDG 2019 Digital Business infographic
IDG 2019 Digital Business infographicIDG 2019 Digital Business infographic
IDG 2019 Digital Business infographic
 
State of the CIO 2018 Infographic
State of the CIO 2018 InfographicState of the CIO 2018 Infographic
State of the CIO 2018 Infographic
 
2020 State of the CIO Research
2020 State of the CIO Research2020 State of the CIO Research
2020 State of the CIO Research
 
CIO CV-19 Impact Study
CIO CV-19 Impact StudyCIO CV-19 Impact Study
CIO CV-19 Impact Study
 
The Rapidly Evolving Finance Function
The Rapidly Evolving Finance FunctionThe Rapidly Evolving Finance Function
The Rapidly Evolving Finance Function
 
2018 IDG Customer Engagement Study
2018 IDG Customer Engagement Study2018 IDG Customer Engagement Study
2018 IDG Customer Engagement Study
 
CIO Tech Poll: Tech Priorities 2018
CIO Tech Poll: Tech Priorities 2018CIO Tech Poll: Tech Priorities 2018
CIO Tech Poll: Tech Priorities 2018
 
2017 Role & Influence of the Technology Decision-Maker
2017 Role & Influence of the Technology Decision-Maker2017 Role & Influence of the Technology Decision-Maker
2017 Role & Influence of the Technology Decision-Maker
 
IDG 2020 Security Priorities Research
IDG 2020 Security Priorities ResearchIDG 2020 Security Priorities Research
IDG 2020 Security Priorities Research
 
CSO Pandemic Impact Survey, 2020
CSO Pandemic Impact Survey, 2020CSO Pandemic Impact Survey, 2020
CSO Pandemic Impact Survey, 2020
 
CIO COVID-19 Impact Survey, Sample Slides
CIO COVID-19 Impact Survey, Sample SlidesCIO COVID-19 Impact Survey, Sample Slides
CIO COVID-19 Impact Survey, Sample Slides
 
analytics strategy
analytics strategyanalytics strategy
analytics strategy
 

Viewers also liked

Clasificion de los lenguajes
Clasificion de los lenguajesClasificion de los lenguajes
Clasificion de los lenguajes
Phoenix Dark
 
Are you and your computer guy praying 3
Are you and your computer guy praying 3Are you and your computer guy praying 3
Are you and your computer guy praying 3
Phil Hutchins
 
Alert centraladminguide
Alert centraladminguideAlert centraladminguide
Alert centraladminguide
Arturo Salgado
 
Building Angular Apps With Type Script
Building Angular Apps With Type ScriptBuilding Angular Apps With Type Script
Building Angular Apps With Type Script
Sergey Barskiy
 
Trance'former présentation eng
Trance'former présentation engTrance'former présentation eng
Trance'former présentation eng
gms project
 
Currency matters trading platform vision v1.1
Currency matters trading platform vision v1.1Currency matters trading platform vision v1.1
Currency matters trading platform vision v1.1
HBS Technologies
 
4月23日説明会
4月23日説明会4月23日説明会
4月23日説明会
tetsuro ooki
 

Viewers also liked (20)

Ship It!
Ship It!Ship It!
Ship It!
 
Ensayo
EnsayoEnsayo
Ensayo
 
Clasificion de los lenguajes
Clasificion de los lenguajesClasificion de los lenguajes
Clasificion de los lenguajes
 
Are you and your computer guy praying 3
Are you and your computer guy praying 3Are you and your computer guy praying 3
Are you and your computer guy praying 3
 
It's All About Me by Penny Herscher at Defrag Conference 2014
It's All About Me by Penny Herscher at Defrag Conference 2014It's All About Me by Penny Herscher at Defrag Conference 2014
It's All About Me by Penny Herscher at Defrag Conference 2014
 
Starting up - Lessons learned from the trenches
Starting up - Lessons learned from the trenchesStarting up - Lessons learned from the trenches
Starting up - Lessons learned from the trenches
 
Enterprise Risk Management
Enterprise Risk ManagementEnterprise Risk Management
Enterprise Risk Management
 
Design is...
Design is...Design is...
Design is...
 
Good mobile design of financial industry websites
Good mobile design of financial industry websitesGood mobile design of financial industry websites
Good mobile design of financial industry websites
 
Appraisly November 2013
Appraisly November 2013Appraisly November 2013
Appraisly November 2013
 
Alert centraladminguide
Alert centraladminguideAlert centraladminguide
Alert centraladminguide
 
Digital economy with the speed of s4 hana
Digital economy with the speed of s4 hanaDigital economy with the speed of s4 hana
Digital economy with the speed of s4 hana
 
Building Angular Apps With Type Script
Building Angular Apps With Type ScriptBuilding Angular Apps With Type Script
Building Angular Apps With Type Script
 
MECBOT
MECBOTMECBOT
MECBOT
 
Trance'former présentation eng
Trance'former présentation engTrance'former présentation eng
Trance'former présentation eng
 
Currency matters trading platform vision v1.1
Currency matters trading platform vision v1.1Currency matters trading platform vision v1.1
Currency matters trading platform vision v1.1
 
4月23日説明会
4月23日説明会4月23日説明会
4月23日説明会
 
Blogging: North Country Technology Symposium
Blogging: North Country Technology SymposiumBlogging: North Country Technology Symposium
Blogging: North Country Technology Symposium
 
Serveau software f
Serveau software fServeau software f
Serveau software f
 
HockeyApp is not an app
HockeyApp is not an appHockeyApp is not an app
HockeyApp is not an app
 

Similar to Business Intelligence: A Financial Perspective

Understanding IT Strategy, Sourcing and Vendor Relationships
Understanding IT Strategy, Sourcing and Vendor RelationshipsUnderstanding IT Strategy, Sourcing and Vendor Relationships
Understanding IT Strategy, Sourcing and Vendor Relationships
Goutama Bachtiar
 
Inside the midmarket- 2011 perspective
Inside the midmarket- 2011 perspectiveInside the midmarket- 2011 perspective
Inside the midmarket- 2011 perspective
Jyothi Satyanathan
 
Enhanced business performance
Enhanced business performanceEnhanced business performance
Enhanced business performance
Vincent Kwon
 

Similar to Business Intelligence: A Financial Perspective (20)

Tendencias y mejores prácticas del Financial Performance Management
Tendencias y mejores prácticas del Financial Performance ManagementTendencias y mejores prácticas del Financial Performance Management
Tendencias y mejores prácticas del Financial Performance Management
 
Carpio - Evento MicroStrategy São Paulo
Carpio - Evento MicroStrategy São PauloCarpio - Evento MicroStrategy São Paulo
Carpio - Evento MicroStrategy São Paulo
 
How to Bring About Finance Transformation on Your Own Terms
How to Bring About Finance Transformation on Your Own TermsHow to Bring About Finance Transformation on Your Own Terms
How to Bring About Finance Transformation on Your Own Terms
 
Agile in the New Year - From Projects to Products
Agile in the New Year - From Projects to ProductsAgile in the New Year - From Projects to Products
Agile in the New Year - From Projects to Products
 
Understanding IT Strategy, Sourcing and Vendor Relationships
Understanding IT Strategy, Sourcing and Vendor RelationshipsUnderstanding IT Strategy, Sourcing and Vendor Relationships
Understanding IT Strategy, Sourcing and Vendor Relationships
 
High Performance Project Management
High Performance Project ManagementHigh Performance Project Management
High Performance Project Management
 
Optimizing SaaS Productivity for CEOs, CFOs & CIOs with LeanIX's CEO
Optimizing SaaS Productivity for CEOs, CFOs & CIOs with LeanIX's CEOOptimizing SaaS Productivity for CEOs, CFOs & CIOs with LeanIX's CEO
Optimizing SaaS Productivity for CEOs, CFOs & CIOs with LeanIX's CEO
 
Inside the midmarket- 2011 perspective
Inside the midmarket- 2011 perspectiveInside the midmarket- 2011 perspective
Inside the midmarket- 2011 perspective
 
UMT360Webinar_Project and portfolio financial controls for microsoft project ...
UMT360Webinar_Project and portfolio financial controls for microsoft project ...UMT360Webinar_Project and portfolio financial controls for microsoft project ...
UMT360Webinar_Project and portfolio financial controls for microsoft project ...
 
White paper financial analytics
White paper financial analytics White paper financial analytics
White paper financial analytics
 
Building a Case for PPM
Building a Case for PPMBuilding a Case for PPM
Building a Case for PPM
 
From PPM to Enterprise Portfolio Management - 051214
From PPM to Enterprise Portfolio Management - 051214From PPM to Enterprise Portfolio Management - 051214
From PPM to Enterprise Portfolio Management - 051214
 
The future of integrated business planning ppt.
The future of integrated business planning ppt.The future of integrated business planning ppt.
The future of integrated business planning ppt.
 
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next LevelBeyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
Beyond Spreadsheets: How to Take Your Budgeting and Planning to the Next Level
 
Achieving a Digital Finance Organization in 2020 [Auxis Webinar - December 11...
Achieving a Digital Finance Organization in 2020 [Auxis Webinar - December 11...Achieving a Digital Finance Organization in 2020 [Auxis Webinar - December 11...
Achieving a Digital Finance Organization in 2020 [Auxis Webinar - December 11...
 
The Next Generation PMO
The Next Generation PMOThe Next Generation PMO
The Next Generation PMO
 
Making Finance the Predictive Powerhouse | SlideShare | Accenture
Making Finance the Predictive Powerhouse | SlideShare | AccentureMaking Finance the Predictive Powerhouse | SlideShare | Accenture
Making Finance the Predictive Powerhouse | SlideShare | Accenture
 
Making Finance the Predictive Powerhouse | SlideShare | Accenture
Making Finance the Predictive Powerhouse | SlideShare | AccentureMaking Finance the Predictive Powerhouse | SlideShare | Accenture
Making Finance the Predictive Powerhouse | SlideShare | Accenture
 
Making Finance the Predictive Powerhouse | SlideShare | Accenture
Making Finance the Predictive Powerhouse | SlideShare | AccentureMaking Finance the Predictive Powerhouse | SlideShare | Accenture
Making Finance the Predictive Powerhouse | SlideShare | Accenture
 
Enhanced business performance
Enhanced business performanceEnhanced business performance
Enhanced business performance
 

Recently uploaded

what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
DOT TECH
 
一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理
一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理
一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理
zsewypy
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024

Recently uploaded (20)

what is the future of Pi Network currency.
what is the future of Pi Network currency.what is the future of Pi Network currency.
what is the future of Pi Network currency.
 
Summary of financial results for 1Q2024
Summary of financial  results for 1Q2024Summary of financial  results for 1Q2024
Summary of financial results for 1Q2024
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 
how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.how to sell pi coins at high rate quickly.
how to sell pi coins at high rate quickly.
 
一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理
一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理
一比一原版Adelaide毕业证阿德莱德大学毕业证成绩单如何办理
 
Introduction to Indian Financial System ()
Introduction to Indian Financial System ()Introduction to Indian Financial System ()
Introduction to Indian Financial System ()
 
how can I sell my mined pi coins profitabily.
how can I sell my mined pi coins profitabily.how can I sell my mined pi coins profitabily.
how can I sell my mined pi coins profitabily.
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024
 
how to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchangehow to sell pi coins on Bitmart crypto exchange
how to sell pi coins on Bitmart crypto exchange
 
Economics and Economic reasoning Chap. 1
Economics and Economic reasoning Chap. 1Economics and Economic reasoning Chap. 1
Economics and Economic reasoning Chap. 1
 
how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.how can i use my minded pi coins I need some funds.
how can i use my minded pi coins I need some funds.
 
is it possible to sell pi network coin in 2024.
is it possible to sell pi network coin in 2024.is it possible to sell pi network coin in 2024.
is it possible to sell pi network coin in 2024.
 
how can I sell my pi coins in China 2024.
how can I sell my pi coins in China 2024.how can I sell my pi coins in China 2024.
how can I sell my pi coins in China 2024.
 
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...
 
Jio Financial service Multibagger 2024 from India stock Market
Jio Financial service  Multibagger 2024 from India stock MarketJio Financial service  Multibagger 2024 from India stock Market
Jio Financial service Multibagger 2024 from India stock Market
 
How can I sell my pi coins in Indonesia?
How can I  sell my pi coins in Indonesia?How can I  sell my pi coins in Indonesia?
How can I sell my pi coins in Indonesia?
 
Most Profitable Cryptocurrency to Invest in 2024.pdf
Most Profitable Cryptocurrency to Invest in 2024.pdfMost Profitable Cryptocurrency to Invest in 2024.pdf
Most Profitable Cryptocurrency to Invest in 2024.pdf
 
how can i trade pi coins for Bitcoin easily.
how can i trade pi coins for Bitcoin easily.how can i trade pi coins for Bitcoin easily.
how can i trade pi coins for Bitcoin easily.
 
how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.how can I transfer pi coins to someone in a different country.
how can I transfer pi coins to someone in a different country.
 
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
 

Business Intelligence: A Financial Perspective

  • 1. Ronan Gavin BI Solution Lead Microsoft Ireland Self Service BI for Finance Some Useful Principles
  • 2. EPG | MICROSOFT CONFIDENTIAL Key Opportunities for Finance Agility = Competitive advantage 2 “By 2015 businesses that build a modern information management system will outperform their peers financially by 20 percent” Top 20% Performing Org’s Employees spend 1.2 Hrs per week searching for Info Bottom 30% Performing Org’s Employees spend 6 Hrs per week searching for Info Strategic Relevance “We’ve reduced the time to produce accurate insights by over 50% with our Microsoft BI solution.” Finance is spending a substantial portion of time influencing business strategy and operational priorities Finance is more focused on ensuring current initiatives deliver results than on selecting/ aligning new initiatives
  • 3. * “The Deciding Factor: Big Data & Decision Making” – Capgemini, Business Analytics | The way we see it ..And #1 Blocker to Achieving Expanded Insight 4% 4% 6% 4% 11% 12% 4% 8% 14% 9% 9% 85% 84% 93% 86% 84% 91% 89% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1 2 3 4 5 6 7 “The inability to access & analyze critical data, via existing tools…” 85% Of business users listed the inability to analyze data critical to their role, within their existing tools & processes, as the #1 obstacle to increasing insight 89% of these users identify Excel as their primary analytic tool….
  • 4. Business Insight: The key skills needed for Finance “People don’t want data, they want information & the goal is to tell stories” – Marc Reguera, WW EPG Finance Director, Microsoft

Editor's Notes

  1. “We are seeing the Microsoft BI platform move up the food chain” and be deployed on much larger data volumes to much larger numbers of users, with more of its customers considering it their BI platform standard than in previous years.” Gartner, BI Platforms Magic Quadrant “Microsoft is executing well… with customers rating it above average across many key satisfaction metrics, including sales and customer experience achievement of business benefits, as well as for vendor success.” Gartner Gartner asserts that “By 2015 businesses that build a modern information management system will outperform their peers financially by 20 percent.” McKinsey agrees, confirming that organizations that use data and business analytics to drive decision making are more productive and deliver higher return on equity than those who don’t.
  2. Easy technically Design Challenge not a technical challenge Achieving simplicity is deceptively complex because it is a thoughtful process. Simplicity is the New Innovation Abstract, aggregate, clarify, combine, connect, contextualize, delete, edit, extrapolate, group, highlight, iterate, limit, locate, modify, order, organize, pivot, reject, research, rewrite, scrape, sort, test, trace Very hard balance to find between oversimplification & too much details Ability to Synthetize or Simplify….This is about categorizing tons of data into categories, boiling things down to its essence, making simple without making it simplistic Data Visualization=> 90% of the information transmitted to the Brain is visual and visuals are processed 60K times faster than mathematical information People don’t want data, they want information & the goal is to tell stories. If you want to transform the millions of data points into knowledge/info, telling a story is key. That is how we humans understand content & we need a beginning, a middle and an end. This is not new and goes back to Aristotle 2,300 years ago. What is especially important for me is structure & flow. You really need to use storyboard and think about the who/what/when & how. Once you synthetize you need to put your 4-5 ideas into a logical flow that is meaningful to the audience. StoryTelling with Data Visualization is different than traditional storytelling where you have characters/plot/conflict…It is more a cause & effect type of storytelling or following Shneiderman’s mantra. You really have to keep this goal in mind => People want info and you convert data to info by telling a story => examples of weekly reviews. As we develop new ways of gathering, processing, visualizing and presenting data, we sometimes risk focusing so much on techniques that we forget to tell stories. Storytelling is a basic human activity. This storytelling can be combined with data interaction which is really helping me making people more interested in data. Narrative & interactive doesn’t have to be mutually exclusive and that is the beauty of Power view. From a practical perspective, I sometimes come to a meeting with a story (we are loosing some senior people) and the interactive capabilities takes me another path with another story (we are loosing people in a certain profession) We have to be flexible because the collective knowledge in the room can help us find the best story. Sometimes I give an overview and we don’t really need interactivity but then that comes up when we zoom & filter.