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Hacker Noon: Augmented Analytics & Data Storytelling—COVID Ups FP&A Demand

Hacker Noon has published an article discussing how businesses need agile tools to quickly identify and communicate actionable insights for more informed decision-making—and how Arria’s NLG technology now offers just such a tool.

The article states: “Facing uncertainty like never before, businesses worldwide have placed newfound importance on data analytics as they try to realign their operations in the midst of a global pandemic. The impact of COVID-19 on financial planning analysis (FP&A) professionals is especially significant, forcing chief financial officers (CFO) to implement new forecasting models as well as incorporate new data as they adapt to the 'new normal.’”

“When finance leaders were asked in a recent Deloitte Dbriefs, ‘What are the biggest challenges to plan for the future/next year?’, almost a quarter cited the lack of advanced capabilities to respond to the external environment.”

“Sharon Daniels, CEO of Arria NLG, stated in a recent announcement that, ‘For data to have value, enterprises must be able to extract meaningful insights that lead to positive business outcomes—they need to reduce the time it takes to get to those insights, and take action.’”

“Streamlined financial auditing, accelerated clinical safety reporting, fraud mitigation, and myriad other use-cases are bi-products of NLG's ability to automate reporting within the ubiquitous Excel. This will save countless man-hours (and costs), reduce human errors and erroneous reporting, ensure fiduciary transparency, and extend the reach and utility of data analytics.” ...

READ THE ENTIRE ARTICLE HERE > Hacker Noon

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