We understand just how critical model builders are to their organizations, so we’ve spent the past year listening to our model builder community to understand their needs, identify their roadblocks, and think about the ways we can make their lives easier. These new models will help leaders turn pandemic-driven change into an opportunity to compete in new markets and drive future performance, meaning the pressure is once again on for model builders. Organizations are reinventing themselves in preparation for whatever environment lies ahead, which means model builders are developing and analyzing a whole new set of nuanced scenarios. We’ve seen model builders create, adjust, and analyze more scenarios than ever before, with more complexity, change and unknowns, all at a rapid and unrelenting pace. With an organization’s ability to thrive tied so closely to the insights they gain from quickly analyzing and acting on their data, forecasts, and plans, it’s no surprise that the role of the model builder has also been elevated to new heights over the past year. Models have been used to track, analyze, and predict everything from infection rates, closures and re-openings, remote work plans, and shifting consumer preferences, to PPE supplies, shipping and logistics disruptions, and a global vaccine rollout. Since then, we’ve seen corporations, healthcare systems, and government agencies alike rely on complex models to help them react, respond, pivot, and react again. In a matter of days, I think we all learned the critical importance of strong scenario planning capabilities and found the words ‘model’ and ‘modeling’ become common parts of our vocabulary. Over the course of the pandemic, leaders around the world have been forced to shift direction rapidly, toss their assumptions out the window, and plan on the fly to address change happening on a sometimes-hourly basis. Model components, such as dimensions, are local to a model, but can be updated with data from another model. If you change any data directly in your model, the model automatically recalculates all affected cells.New platform innovations enable teams to model complexity, communicate effectively, and deliver stronger insights to decision makers You can enter data manually, import data from external sources, or use formulas to pull data from other line items in your model.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |