The Ledger
Curated content foranalytical business leaders
Strong Analytics Lead to Increased Profitability
December 26, 2017
Companies with strong analytics are more profitable than their competition. The International Institute for Analytics, co-founded by Davenport, conducted a survey in 2016 of 50 companies across several industries and found that few were analytical competitors. The companies with the strongest analytics had four key characteristics: They supported a strategic capability, their approach was enterprise-wide, the senior management team was committed, and the company made a significant strategic bet on analytics-based competition.
Read More at The Digitalist by SAP >
Collaboration, Innovation and Agility is All About the End-User
December 21, 2017
Being able to visualize your organization is absolutely key to being successful. Most companies still reside in a world where their technology is lacking the agility and visualization to make strategic business decisions in real-time. When choosing a technology that can accomplish those things, there are three things finance professionals should be looking for. The solution must be cost effective, it must provide a robust platform by which to collaborate and innovate, and it needs to enable agility throughout their organization. Truly advancing innovation and agility demands a paradigm shift- it’s now all about the end-user.
Read More at CIO Applications >
Advanced Technology is Allowing More Creativity in Business
December 20, 2017
Technology has changed the way we live and work in ways previously unimaginable. Innovation in areas such as artificial intelligence, cloud technology, and Big Data enables us to run faster, jump higher, and dream bigger. These technologies are opening up opportunities for innovation and creativity- both of which are key for companies that want to grow and succeed in today’s digital world. With more data, time, accessibility, and convenience, professionals can much more easily connect, expand their knowledge, and keep discovering new ideas that contribute to their business’ momentum.
Read More at The Digitalist by SAP >
Priorities Are Shifting in the Supply Chain
December 19, 2017
Back before technology became what it is today, the focus in every supply chain was on transporting parts, materials, and finished goods from point to point at the lowest cost. While that is still important these days, there are other objectives taking priority. Companies are using various digital technologies that eliminate certain supply chain activities and players. These steps may reduce costs, but their underlying purpose is to facilitate the creation of new business models based on other motivations, such as leveraging contemporary consumer buying preferences. These activities, among others, can drive robust value from your supply chain.
