By 2023, at least half of large global companies will be using advanced analytics, artificial intelligence (AI) and Internet of Things (IoT) in their supply chains. That’s a scary number if you’re not one of them. But to efficiently and smoothly answer demanding customers, those technologies are not only a necessity, they also enable true versatility. Instead of struggling to bridge functions that are seemingly always rigid and disconnected, automation and other technologies...
The term ‘Experience Economy’ was actually coined way back in 1998. B. Joseph Pine II and James H. Gilmore needed a way to describe the shift from selling products and services to creating memorable events for customers. But it would be twenty years before the Experience Economy really took off. Why?
When it comes to crucial Finance data, there is no way to “fake it ‘til you make it”. A bit of swagger might help your sales team land a deal, but it doesn’t get products or services delivered to your customers on time. Accurate information is the bread and butter of a successful organization, but our research reveals companies are still not investing in the tools or skills to manage their data effectively. This lack of confidence in the accuracy, safety, and management of...
Yes, you can build better trust in your data —but only if the organization can collect, structure, analyze and protect data in the right ways with the right tools. Modern supply chains integrate a host of related parties (and human error) into knowledge systems, which include business metrics, supplier sustainability performance data, and even intellectual property (IP). This is why systems and data must be built around secure access and verifiable trust.
CFOs should govern data security, not IT. Why? Because they hold the purse’s strings and are most qualified to plan for risk, in an era where the next cyber-attack is not a question of “If” but “when” and “how often”.
Uncertainty is the new normal. In the era of fake news and unpredictable market changes, there is however one thing you can trust and control: data. Data doesn’t lie, but it needs to be secure, for it to be harnessed by business leaders in decision making.
Finance’s job is getting bigger. With this comes greater complexity and a new level of accountability. New areas are emerging where the CFO is no longer just consulted but actually accountable, particularly when it comes to data security and compliance. And that shift means that finance leaders need to embrace a new mindset, where they actively embrace this new environment.