The Ledger

Dynamic Technologies Have Become Necessary to Remain Competitive

Dynamic technologies provide businesses the opportunity to elevate their ability to make decisions, deliver outcomes, and complete tasks in a more human way. For growing companies, this is the time to push past the boundaries of traditional decision-making capabilities to intrinsic intelligence that is trusted, real-time, accurate, and continuously learning. Advanced technologies can empower businesses to overcome the challenges of limited technology procurement budgets and siloed legacy applications. Because of this, robust technologies that provide actionable insights across the enterprise have become necessities and enablers of significant competitive advantage.

Read More at The Digitalist by SAP >

Predictive Insights Are Advancing the Oil Industry

“Data-driven decision making and predictive capabilities will be essential across the life cycle of our unconventional assets-from delineation and appraisal through full field development” – Bruce McCullough, CIO at Marathon Oil

Being able to think and act differently than the competition is the goal in every business, and the oil industry is no different. Understanding what is happening below the surface has been the focus for oil companies over the years and adding digital technology into the equation allows these companies to creatively leverage their large data sets to gain deep insights into the business. Looking at the data through an analytical lens allows businesses in the industry to rely on predictive insights to answer questions like, “Where is the best place to drill? How far apart should the well walls be? And, what will be the ultimate recovery for the well?”

Read More at The CIO Review >

Forward-Thinking CFOs are Investing in Robust Analytics Platforms

Today’s technological advances are enhancing companies’ ability to increase efficiencies and anticipate trends and events that impact operations and the bottom line. In response to these advances, companies are investing more money in these technologies. The motives behind these analytics investments are to understand their customer data (for better experience, retention and service), data visualization and reporting to better understand business performance, trends and opportunities. However, the challenge is knowing what technology best suites their individual business needs.

Read More at The Wall Street Journal >

Advanced Visibility and Collaboration Creates Efficient Manufacturing Processes

In today’s competitive environment, companies are always looking for ways to differentiate themselves from the competition and improve the customer experience. For machinery, equipment, and asset manufacturers, this often starts with developing smarter products to capture more information about how they are operating and performing around the globe. A large German machinery manufacturer found that as their global customer base grew, they needed to find a way to improve transparency across their products, while improving visibility and transparency into pump and component details globally. By leveraging a technology that promoted company-wide collaboration and visibility, they were able to become more efficient and reduce overall risks of their business.

Read More at The Digitalist by SAP >