CMA 2.0: Building Capabilities with Big Data

Abstract

Companies have become more dynamic and agile with the advent of Big Data. It is estimated that the available data to be processed for decision making, doubles in every 18th month. This changing business eco system demands an update in the skill set of Cost and Management Accountant (CMA). The CMAs need to build upon the existing skills and be future ready. The role of CMA can be advanced with IT skills of data management, analysis and deriving insights that lead to better business decisions. To build a competitive edge, the CMAs have to be transformed into CMA 2.0 by getting good hold on the essentials of statistics, learning new analytics courses, increase awareness, knowledge about data process and taking in charge of their own career by building right network and strong communication skills.