As more and more data pours into the office of the CFO, experts say, minimizing its complexity and maximizing its usefulness becomes critical. “The amount of data is phenomenal,” says Mr. Whitehead of Airbus Defence and Space, “but what’s worse is the lack of harmonization. Unstructured data is what kills you. The key for me is how to have clear data in a usable and consistent form, which can be turned into succinct information the business can look at, understand where the value chain is, and make decisions.”
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