General Manager of Group Financial Reporting | Corporate Finance | Financial System Implementation | Process Optimization | FP&A | CMA
Data-driven decisions are the backbone of successful financial strategies in #shipping and #commodities. Here is my view on using big data and analytics to inform financial planning and risk management. Harnessing #data is key to maintaining a competitive edge. Trend analysis helps you look at past data to predict future market changes, so you can plan better and stay ahead. Real-time monitoring takes this a step further by giving you instant updates on market conditions and operations, allowing you to quickly handle any challenges or seize new opportunities as they arise. For example, spotting a sudden rise in fuel prices or supply chain disruptions can prompt immediate operational changes and cost-savings measures. At the same time, competitive analysis utilizes data to understand market potential, so you can adjust your own strategy and stay ahead in today's competitive landscape. #BigData #FinancialPlanning #RiskManagement
