finance transformation crunch time digital finance cognitive

Perspectives

Finance in a digital world: It’s crunch time for CFOs

A series on digital transformation in Finance

Latest: Forecasting in the digital world

Traditionally, forecasting has been a mostly manual process with people gathering, compiling, and manipulating data, often within spreadsheets. There’s another way. Organizations are shifting to forecasting processes that involve people working symbiotically with data-fueled, predictive algorithms. This guide shares the basics of algorithmic forecasting and how it changes forecasting processes, the workforce, and decision making. Find out how organizations are using algorithmic forecasting to create more accurate and timely predictions—and the lessons they learned along the way.

Crunch time VI: Forecasting in a digital world

Organizations are shifting to forecasting processes that involve people working symbiotically with data-fueled, predictive algorithms. It’s all made possible by new technologies— advanced analytics platforms, in-memory computing, and artificial intelligence (AI) tools, including machine learning.

Today, these technologies in the hands of expert forecasting talent give companies the ability to discover things they’ve always wanted to know—as well as things they didn’t know they didn’t know—with more confidence and speed.

 

Crunch Time V: Finance 2025

The newest addition to our Crunch Time series, which offers several predictions about how finance organizations might evolve over the next several years, becoming better, faster, and probably less expensive. You can also examine specific digital disruptors and their impacts in our other Crunch Time reports. Whatever your interest, one thing is clear: From cloud computing and robotics to analytics, cognitive technologies, and blockchain, a new class of digital disruptors is transforming how the work of finance gets done.

Crunch Time IV: Blockchain for Finance — what CFOs need to know

Ten minutes into a discussion with a group of blockchain professionals, one CFO shook his head. “This is ridiculously ambiguous,” he complained. And it didn’t take long for others to agree. In response, we set out to demystify blockchain for CFOs, focusing on how finance organizations can apply blockchains to streamline processes, improve controls, and transform finance operations.

"Blockchain for Finance" is a practical guide for finance organizations that want to understand options for blockchain and make effective decisions about moving forward. It features more than a dozen frequently asked questions finance teams can use to make sense of blockchain technology, as well as a high-level roadmap for adoption. It also includes a seven-point checklist for CFOs who are thinking about embarking on the blockchain journey.

Crunch time III: The CFOs guide to cognitive technology

"The CFO’s guide to cognitive technology" provides a collection of examples based on currently available technologies we’ve seen companies begin to test and adopt, in addition to our experience working with many finance organizations that are devoting more resources—financial and human—to deploying new technologies in these early days of cognitive.

Crunch time II: CFOs talk off the record about Finance in a digital world

In the follow-up report, Crunch time, too: CFOs talk off the record about finance in a digital world, 30 CFOs share their unfiltered thoughts and experiences around a broader discussion of finance and what it means to make the digital journey. Deloitte knows that one way to stay abreast of new developments is to join in focused conversations with other finance leaders, across multiple industries and geographies, so this is a good place to start.

Crunch time I: Finance in a digital world

Deloitte's new point of view, Crunch Time: Finance in a Digital Worldis based on extensive research with finance executives, including in-depth interviews with CFOs of global businesses.This short book, filled with practical insights and comments from finance leaders, may be the quickest way to understand what's in store for finance organizations as they hurtle toward the future.

Did you find this useful?