The Ledger

Haven’t Joined the Industry 4.0 Transformation? It’s Not Too Late

We’re in the midst of a significant transformation regarding the way we produce products thanks to the digitization of manufacturing. This transition is so compelling that it is being called “Industry 4.0” to represent the fourth revolution that has occurred in manufacturing. Finance professionals know that new technologies will fulfill the promise of artificial intelligence, data analytics, and cognitive technologies, and will eventually lead to the development of global systems that create dramatic efficiencies and enable business leaders to make more informed integrated decisions. But at this point, manufacturers who haven’t figured out how to apply Industry 4.0 across their companies aren’t yet falling behind, and they’re far from alone.

Read More at Industry Week >

The Next Generation of Data Intelligence

Business leaders want the ability to access their data analytics at any moment to help them make critical business decisions. To accomplish this, they must refocus their data management and analytics technologies to provide their workforce with accessible and defined data that enables them to manipulate and exchange data among multiple applications for detailed views of the business. By addressing these critical needs, analytics can paint a detailed picture that allows decision makers to understand what’s happening in real time.

Read More at The Digitalist by SAP >

Digital Supply Chains Never Stop – Especially During Thanksgiving!

Business and supply chains play a large role in most of the things we do, including holidays. Thanksgiving is tomorrow, and while the holiday focuses on family, food, and giving thanks, a tremendous amount of commercial activity goes on behind the scene to make it happen.

“According to one survey, the average consumer spent $165.14 on Thanksgiving tidings last year. You might think the biggest expense is food, but in fact, travel tops the list. More than 46.3 million Americans travel 50 miles or more to join their families, most by car. With Americans spending an average of $67.59 on Thanksgiving Day travel, this category grabs 41% of the spending pie.”

Read More at The Digitalist by SAP>

Will Your Finance Systems Be Obsolete in 2019?

“Implementing ERP like it’s 1999 didn’t work then — and it’s definitely not working now.”

Too many companies have jumped blindly into their ERP implementations without a clear plan or organization. Traditional ERP implementations will continue to fade in 2019. More forward-leaning organizations are finding success focusing on true digital transformations. Instead of assuming that a single software solution or single vendor can deliver the breakthrough capabilities required for the future, more companies are finding value in integrating multiple systems to gain stronger insights into their business. The key to effective implementations is starting out with a clear digital strategy to help navigate through the options and find a solution best fit for the organization’s needs.

Read More at CFO Magazine >