Effective strategic planning and strategy execution are key to driving business success and growth. Unfortunately, leaders tend to focus more on the planning process and less on doing or executing. Strategic planning is the process of articulating the vision of what the organization wants to be, defining its strategy, setting… Read More »The Basics of Strategic Planning and Strategy Execution
According to the recently published PwC’s 22nd Annual Global CEO Survey, 85% of the surveyed CEOs overwhelmingly agree artificial intelligence (AI) will have a significant impact on their business within the next five years. For this reason, they have plans to pursue AI investments. This is despite the fact that… Read More »Talking About the Risks of AI and Cognitive Technologies
Thanks to advancements in technology, our digital lives are producing expansive amounts of data on a daily basis. In addition to this enormous amount of data that is produced each day, the diversity of data types and data sources, and the speed with which data is generated, analyzed and reprocessed… Read More »More Data Doesn’t Always Lead to Better Decisions
For years, the focus of many organizations has been on standardizing and automating existing business processes to achieve significant gains in efficiencies. Within the office of finance, mundane transactional processes such as order-to-cash, procure-to-pay and record-to-report have been the epitome of standardization and automation. As a result, a number of… Read More »Reimagining Business Processes in an Era of Cognitive Technologies
Making intelligent and informed decisions is intrinsic to effective risk management. Many at times risk management decisions are centered around loss events and the negative consequences that might eventuate. The positive aspects of risk taking are hardly noticeable. Let’s take as an example, a decision by local-based company to build… Read More »Thinking About The Upside of Risk