The Ledger

How Healthcare Is Leveraging Big Data

The healthcare industry is transitioning to a value-based business model, which requires legacy health-care providers to target four goals: improved care experience, better population health, enhanced clinician satisfaction, and much lower costs. Additionally, the competition has changed. Innovative technology and retail companies with access to big data and powerful analytics are using digital connections to appeal and provide health-care services to consumers.

Read More At CFO Magazine >

Is Your Finance Function Ready For Digitalization?

Digitalization has completely evolved the finance world. Transitioning to digital enables finance organizations to improve efficiency and ensuring compliance, driving business performance and defining new strategies. This all sounds great… but how realistic is this? Digital transformation starts with assessing your current digital maturity, identifying gaps, and adopting best practices that truly enable finance to become a strategic partner. To address this, SAP has launched the Finance Digital Readiness Assessment.

Read More At The Digitalist By SAP >

How Machine Prediction Can Enhance Human Judgement

With all the advancements in technology and automation, many professionals are left wondering how this will impact their work. Instead of focusing on if this shift will replace jobs, it is important to see the positive- this shift will substantially raise the value of human judgement. Predictive analytics is a key aspect that has come from these advancements and if an organization doesn’t have a grasp on it, they are definitely searching for a tool that allows them to get the most out of their data.  Prediction is about using the data you have to generate the data you don’t have to improve decision making. Machine prediction will compliment human judgement and ultimately enhance an organization’s overall strategy.

Read More at The Harvard Business Review >

Finance is Changing the Automotive Industry As We Know It

“You always knew digital was going to change things, but you didn’t realize how close to home it would hit. In every industry, digital competitors are taking advantage of new platforms, tools, and relationships to undercut competitors, get closer to customers, and disrupt the usual ways of doing business. The only way to compete is to evolve.” – James McQuivey, Forrester Research

Finance professionals in the automotive industry need to drive strategy in a whole new way to stay competitive. They must look beyond the immediate functions of reporting, disclosure, accounting and controlling and focus on real-time analytics.

Read More at The Digitalist by SAP >