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"Why Controllers cannot be replaced by Data Analysts"

"Don't you sometimes wonder if hiring a data analyst is more cost-effective than hiring a controller? Especially if they come from university? They are masters with tools probably with new KI Tools"


Controllers and data analysts play different but often complementary roles in corporate management. While data analysts help understand developments and uncover patterns in large datasets, the controller's focus is more on the overall steering of the company. The following points explain why controllers cannot simply be replaced by data analysts:

  1. Strategic Decision-MakingControllers work closely with management to develop strategic goals, create budgets, and evaluate the company’s performance. Their role goes beyond just providing data – they offer interpretations, actionable recommendations, and ensure that the company is being managed with a forward-looking approach.Data analysts, on the other hand, primarily focus on analyzing data and generating reports. Connecting these insights directly to strategic business goals is often not within their primary scope.

  2. Holistic ApproachControllers view the company from a comprehensive perspective, linking financial, operational, and strategic factors. They often serve as a consultant or “sparring partner” for management.Data analysts typically work in a more data-centric way, focusing on specific questions without always seeing the bigger picture.

  3. Financial ExpertiseControllers possess in-depth knowledge of accounting, taxation, controlling, and legal matters. They create complex financial reports, perform consolidations, and ensure compliance with regulations.Data analysts are more specialized in technical skills like data modeling, statistics, and using analytical tools, but typically do not have the same level of financial expertise.

  4. Proactive Management vs. Reactive AnalysisControllers look ahead, develop scenarios, and create action plans to address potential discrepancies early. Their goal is to act proactively and keep the company on track strategically.Data analysts generally focus on analyzing past data to identify patterns and provide insights, without necessarily taking direct action to steer the company.

  5. Communication and ConsultingControllers translate complex financial information into understandable insights for the management team and advise them on decision-making. They combine their analytical skills with strong communication abilities.Data analysts provide technical reports and dashboards, whose interpretation is often left to other roles.

  6. Responsibility for Management SystemsControllers are responsible for developing and maintaining systems like budgeting, cost accounting, and reporting structures. They ensure these processes function smoothly and support company goals.Data analysts contribute their technical expertise to these processes, but typically do not take overall responsibility.

ConclusionWhile data analysts provide valuable support with expertise in areas like big data and AI, the role of the controller remains indispensable. Their combination of financial knowledge, strategic thinking, and ability to serve as a bridge between data and management makes them an essential part of successful corporate governance.

 
 
 

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