It’s year-end— and the happy fact is that the pandemic is finally behind us. In 2023, every modern digital enterprise will have to look beyond the ‘obviously digital’ to create a competitive advantage.
Stepping into a new year would mean truly digital enterprises have to evolve and move beyond the sudden jump in technology adoption after the pandemic. The digital revolution had set off near-panic among leaders and executives who started using data to elevate their decision-making ability.
The initial outcome of digital transformation is the creation of a constant data flow, a method used to power the entire organization. However, the business transformation journey begins after this point when the data is broadly generated from across the organization and collected for data-driven decisions.
Let’s simplify this.
Each company has a constant flow of information coming in per minute. That data flows through various channels, departments and functions. It gets broken down, arranged and assimilated. As enterprises become more automated, this data is compiled on ERP systems to derive actionable insights. Then comes analytics to power better datasets and impactful strategies.
We’re implying that companies across all industries, including financial services, pharma, manufacturing and automotive services, are increasingly focused on data flow to better leverage their data, improve selling, and ultimately differentiate from their competition. As modern enterprises leverage IT systems, Gartner predicts that worldwide IT spending will grow 5.1% in 2023. This means ERP system, technology innovation and analytics tolls will be the name of the game.
Giving context, we break down the data process in each business function.
Tableau, a leader on 2022 Gartner® Magic Quadrant™
As discussed earlier, a business usually involves many functions, including finance, marketing, accounting, sales, production, R&D, etc. All of these departments generate loads of data on a daily basis. So, the first step is collecting data from each department. Modern digital enterprises streamline the data collection process using the latest technology solutions. ERP and CRM are enterprise-grade software that help leaders filter data. With financials, CRM, analytics, sales, inventory management, reporting and much more in a single, easy-to-use solution, you get everything you need to manage data effectively.
Once you compile information at the central database, you can gain cross-departmental visibility to analyze root-cause, discover potential opportunities and loopholes and gain massive gains. This empowers your business to run agile and in real-time as people spend less time connecting disconnected systems. Here are some of the capabilities of ERP/CRM that modern enterprises can leverage for optimizing data in each function:
Now that you have data collected and arranged accurately, you need to get value out of it.
With analytics tools and solutions, you can get maximum value from your data, deliver trusted insights, and employ extensive planning and analysis across your business. Analytics software like Tableau and Power BI play a key role here. These are leading business intelligence and data analytics tools that bring the data together, enabling data-driven decision-making. Here are some of the capabilities of analytics tools that modern enterprises can leverage for optimizing data in each function:
It’s like a circular flow. Building a modern digital enterprise involves data collection as the first step, which is where ERP and CRM systems are helpful. After that, data analytics is done for better decision-making using tools like Tableau and Power BI. This, in turn, helps create better quality data from digital systems such as Cloud ERP and CRM – enabling enterprises to leverage innovations in their business transformations. Here is how better data quality helps organizations:
Companies looking for ways to turn information into insight by leveraging data must establish a strategic plan for using analytics and insights derived from data. Gartner predicts that a digital immune system – one that combines multiple software development strategies to protect against risks will be the future.
Thus, the right software or technologies are essential when considering a data strategy because they can help ensure data are properly transferred and secured as it moves through its lifecycle.
Uneecops technology solutions and services have helped 1800 clients transform their enterprise IT across 18 industries over the last 15 years.
This brings us closer than ever to a point where we are able to create “intelligent enterprises” where systems and processes support each other to align data in the most efficient way possible.
With Uneecops business automation, transformation and performance solutions, you can build not just an intelligent but sustainable enterprise. We have the world’s #1 CRM platform ‘Salesforce’, Gartner-rated SAP ERP solutions and leading Analytics tools such as Power BI and Tableau. We have experts to guide you through implementation, support and a complete automation journey – everything you need for building a modern enterprise in the new financial year.
Explore transformation initiatives that are sustainable, future-proof, and scalable with Uneecops.
Tableau, a leader on 2022 Gartner® Magic Quadrant™
It’s no surprise – data analytics and media’s pace of change has sped up enormously, leaving the industry’s ad...
Time and money are the scarcest resources. So the real meaning of business intelligence is to ensure you allocate...
From gigabytes to billions of terabytes and zettabytes, data is growing exponentially. IDC estimates that by 2025, organizations will...
Streamline your business processes and improve productivity using our cutting edge ERP solutions & service offerings custom built for small and medium enterprises.
Our e-Governance solutions enable the government to reduce operational complexities and help citizens, businesses & government bodies to leverage technology to access public services with ease.
Our products portfolio comprises of business automation software’ that helps you focus on high-value tasks and improves organizational efficiency by automating repetitive human tasks, process workflows, data capture & decision making.
Get actionable business insights with our cutting edge BI products & consulting services. Make informed decisions and improve business efficiency with real-time analytics.