The Importance of Data in Business Decisions

Data plays a crucial role in making informed business decisions that can lead to financial success. The speaker recounts a scenario where a portfolio company faced significant stress due to uncertainty about cash flow and expenditures. By recognizing the lack of a robust finance function, they implemented an in-house controller who provided essential cash flow projections, empowering the business to understand its reinvestment capabilities. This transformation illustrates how accurate financial data can alleviate stress and enable a company to grow confidently.