CFOs today aspire to build an automated, AI-enabled finance function that drives efficiency and agility. Yet, nearly 70% of transformation projects lag behind expectations, creating frustration and stalling progress. Challenges like outdated processes, resistance to change, and high implementation costs often stand in the way of success. Digital transformation offers a powerful solution, enabling you
Digitization, digitalization, and digital transformation are all terms that have been very prominent since the late 2000s. They have been used interchangeably, often for the wrong reasons, and potentially not given the importance they deserve. Have you ever gotten in a conversation where someone is talking about putting their business through the process of digitization?
Warren Buffett, Chairman, and CEO of Berkshire Hathaway, has said that digital transformation is a fundamental reality for businesses today. We cannot stress the importance and criticality of digital transformation and digital transformation quotes. Every company- homegrown or corporate needs to accelerate and innovate their workplace. Often, businesses lose sight of the bigger picture and
Organizations are reimagining the way they operate to enhance their digital business. As per Gartner, at least 84% of companies and 59% of government entities have set up “fusion teams.” What are Fusion Teams? Gartner defines a fusion team as a multidisciplinary team that blends technology or analytics and business-domain expertise and shares accountability for
With employees working remotely due to the pandemic, the supply chain and business operations are getting disrupted in a big way. In this scenario, the modern, agile ERP systems backed by refined business processes can be more than a handful for organizations. Enterprise resource planning is a software system that can manage core business operations ranging
There is a significant surge in digitization, with organizations using new tools such as no-code low-code to build various applications. Some companies struggle to transition from a pilot to a company-wide deployment or build a holistic, integrated approach to digitalization. They struggle because they have yet to develop an operating strategy that promotes digitization and
To the outside world, your organization may seem highly systematized. On the other hand, internal is a collection of data gathered from databases, files, and several other sources. You can use this data to improve and evolve your business, but only if you manage it effectively. You can accomplish this through the consolidation of data!
With the vast array of technology solutions available, it can be daunting to find out where to begin. However, with a solid digital procurement strategy in place, businesses can gain a competitive edge, streamline their operations, and achieve significant cost savings. As businesses continue to embrace digital transformation, procurement processes have become an integral part
Artificial intelligence (AI) technology is advancing quickly, which offers tremendous opportunities while also posing ethical dilemmas. It is crucial to ensure that these techs are applied properly and ethically as artificial intelligence systems grow more and more interwoven into our daily lives. In this blog, we examined the significance of AI ethics, present use cases,
In recent times there has been significant instability, including supply chain disruptions, historically high inflation, geopolitical unrest, an unprecedented global epidemic, and the following lockdowns. For many corporate executives and entrepreneurs, navigating this environment has never been more challenging. Fortunately, innovative technological solutions are being created with these problems to assist visionary business leaders in