I will review the state-of-the-art analytic effective one body (EOB) approach to the general-relativistic two-body dynamics and its completion using numerical relativity (NR) simulations. I will discuss in detail three cases: i) coalescence of (spinning) black hole binaries (BBHs); ii) tidal effects in coalescing neutron star binaries and the EOS-universality at merger; iii) the BBH scattering problem and the determination of the scattering angle in EOB and NR. I will present several examples about how NR simulations can inform the EOB model so to build a comprehensive EOBNR model of the two-body dynamics and waveforms in general relativity. Implications for gravitational wave data analysis are discussed.