The Ledger
Curated content foranalytical business leaders
How Growing Companies Benefit from Intelligent Capabilities
February 21, 2019
To stay competitive in today’s volatile marketplace, growing companies depend heavily on having a coherent, end-to-end view of operations. Without data, it’s difficult to optimize the entire customer experience, pivot to new business models, take advantage of new productivity opportunities, or increase and maintain workforce engagement. Midsize businesses grow in many ways, such as securing partnership investment, allowing owners and employees to take a vested interest, and securing personal loans to strengthen operations. The success of these companies comes down to the company’s valuation, which is measured by the ability to generate revenue, keep customers happy and loyal, and spark and maintain the interest of talented employees and leaders. Underlying these key factors is an even more critical asset – a strong foundation for collecting, leveraging, and operationalizing data.
Achieving Data-Driven Workflow Process Optimization
February 20, 2019
The demand for data analysts, tools and resources is at an all-time high, with advanced data analytics presenting exciting opportunities for business process optimization. Using data analytics, finance teams can quickly monitor, report and analyze business processes to make informed decisions. Many businesses are adopting a new way of product data management as collaborative tool that meets their unique requirements based on their product revisions, lifecycle, and deliverables within their workflow process. The goal is to solve complex data management issues and streamline system integrations to deliver flexible process automation, team collaboration, visibility, data integrity and seamless sharing between multiple applications.
Next-Generation Manufacturing Processes Are Here to Stay
February 19, 2019
Industrial machinery and component manufacturers are stretched thin, addressing global challenges like the need for clean energy, smart cities, and a circular economy. In addition, they are confronted with ever more demanding customers and the transformation of their business ecosystem, including customers, partners, and competitors. Innovative industrial machinery and component manufacturers are tackling these challenges by pursuing new business models based monetizing data assets. These companies are embracing new technologies as they focus on strategic priorities to drive digitalization. These strategies are helping them realize their vision.
Read More at The Digitalist by SAP >
Do You Have the Tools to Promote Agility in Your Organization?
February 18, 2019
An agile way of managing application changes allows requirements to be delivered to the business in shorter, more frequent releases. This goes further than leveraging only an ERP system. Companies that are trying to improve operational efficiency and implement process improvements need more agile methodologies that can deliver continuous business value. There is nothing inherently wrong with delivering applications that are pre-planned, budgeted and have a well-defined scope. But just because it is done this way doesn’t mean that risk is removed. A tool that promotes an agile business environment allows the business to react quickly and strategically to change, and therefore create a more efficient workforce overall.
Read More at The Digitalist by SAP >
