Given the historic level of business uncertainty this past year, many organizations are finding that the traditional methods of data analytics, forecasting and scenario planning have become all but useless.
However, there is a path forward, says Brian Kalish, former executive director with the Association of Finance Professionals (AFP) and adjunct lecturer with FIU Executive Education. It will require finance and data teams to adjust processes, skills and technology.
“The frequency of forecasting will be greater in the “new normal,” he says, noting that organizations need to be asking themselves:
- How do we create a culture for data decision-making?
- How do we get business insights faster?
- How will the “new normal” look for our business?
This reality led FIU Executive Education to create certificate programs in financial planning and analysis, as well as in business data analytics.
In FIU’s Financial Planning and Analysis Certificate program, which Kalish teaches, he discusses game changers such as direct data mapping and compares the traditional approach to data gathering and reporting to a more modern approach. As an added bonus, the program also prepares learners to earn the coveted FPAC designation.
Meanwhile, learners in the Business Data Analytics program, taught by Deanne Butchey, a teaching professor at FIU Business, will prepare, analyze and visualize data with MS Excel; build a personalized reference guide for future data analysis work; and practice business case applications that incorporate the concepts and skills learned in class.
The goal, says Kalish, is to teach finance and data professionals to thrive and not just survive in “the new normal.
For more information about FIU’s Financial Planning and Analysis Certificate program, which will meet Thursday evenings starting March 18, click here.
For more information about FIU’s Business Data Analytics Certificate program, which will meet Saturday mornings starting March 13, click here.
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