Unlocking the value of connection
Today, businesses sit on huge amounts of data which are vital to making smart and informed decisions — from deciding whether to proceed with key initiatives, such as acquisitions and entering a new market, to everyday recruitment and pricing decisions.
But data alone will not take a company into the future. In a world where businesses make hundreds, if not thousands, of decisions every day, collaboration is key. The more integrated data access is across business functions, the better the ability to draw deeper insights. The more regular communications are, the better aligned objectives can be.
Despite this, there remains a yawning divide between the finance and operations teams of many businesses.
Still, there is a way forward if businesses are willing to bridge these disconnects.
Download KPMG report
Key findings from finance and operations leaders
85%want to play a greater role in driving enterprise-wide transformation in the next 3 years. Only 38%of senior executives within the two functions are 'very satisfied' with the alignment of objectives and KPIs across the two teams. 98%are seeking to obtain new skillsets for their function, including data science, predictive analytics and forecasting.
| Just 42%are 'very satisfied' with their ability to make informed decisions based on data.
|
The survey, conducted in January 2022, found that fewer than half of finance and operations leaders are ‘very satisfied’ with their ability to compare and combine data across functions and draw deep insights from them. Just 42% are ‘very satisfied’ with their ability to make informed decisions based on data, and only 35% of senior managers within these two functions are ‘very satisfied’ with the alignment of objectives and key performance indicators across the two teams.