The evolution of data-driven finance

The evolution of data-driven finance

Despite data driving decisions in most business disciplines, guesswork and intuition still dominate decision-making in incentive compensation. Organizations on average spend 10-30% of expenses on variable compensation—why do companies leave this investment up to chance?

Fortunately, advancements in data science and data availability are allowing companies at the leading edge to quantify and optimize the hidden connections between behavior and profit.

• How do organizations measure and use data to link employee actions and behavior to profit?
• In what ways are human behavior and operational efficiencies connected? How can companies influence these connections?
• How should organizations think about compensation and incentive design differently to drive profitable behaviors?