Such exciting times where technology is disrupting traditional roles including #finance – the #opportunities that go with that are unbelievable: freeing up time for finance to be more #strategic, value adding and externally #customer centric.
The use of #data collection technology, feeding into data lakes allows live analysis which if used correctly helps businesses identify #inefficiencies in operational processes – resulting in #proactive and much faster responses to these challenges. Resulting in millions of rands saved.
In the constant state of flux in which businesses operate, the more data a business is able to collect internally around its #processes as well as externally around its #markets, #competitors and #customers - the more #future ready and #growth focused the business.
Lastly as with all business decisions implementing technology requires a detailed return on investment #ROII) assessment to ensure that the channeled spend goes to the high impact technology. Secondly, understanding existing #data architecture is critical since as the saying goes “ garbage in, garbage out” which has lead to failed implementations of many great tech solutions.
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