Nowadays, it’s rare to find a business hierarchy that doesn’t include some sort of executive team or board of directors. In fact, most organizations include more than just the CEO and CFO. There is now: COO, CTO, CMO, CSO, and so on.
Giant corporations rely on their C-suite team to keep them updated on the crucial processes of the company in order to stay afloat and ahead of the competition. Finance, employees, clients, projects, and profitability are all core elements of a business that need constant attention.
However, if a high-level executive doesn’t know how to interpret the data, how can any company develop and grow? For instance, the role of the CFO is to evaluate crucial data to ensure high profitability and revenue.
While the COO is in charge of projects and daily operations, which requires the role to analyze project performance and employee productivity.
Without the ability to slice and dice this data, how is any organization supposed to envision success and growth?