Use of Big Data for Profitability & Cost Management

Published by Mark Stevens on

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Use of Big Data for Profitability & Cost Management

Over the past two decades cost and profitability modeling systems have been limited by their ability to efficiently collect, process, and report information.  Models had to be designed within the limitations of the technology and the modelers' ability to maintain the systems over time.  Those limitations are continuously being removed, providing for deeper profitability insight.

Advancements in information technology and availability of more data at granular levels now make it practical to efficiently calculate and analyze profitability information at very low levels of granularity.  This presentation discusses this trend and shares two real life company examples.

Since this presentation was delivered, advancements in application software and database technology provide more power and seamless implementation.

Attached Files

BPM Trends Presentation.pdf