By Desmond Struwig, executive head of digital at Decision Inc. Discussions around digital transformation in South Africa are putting companies across industry sectors under pressure to embrace it or risk
Following a period of collaboration, Satsumas will merge its business operations with Decision Inc.’s Australian company, ABM Systems. ABM Systems are specialists in helping clients improve business performance through analytical solutions. Decision Inc. is a global Data, Digital and Performance Intelligence business.
Data has been the gold of the digitalised organisation for many years, but with its potential has come pitfalls and complexities that few solutions have set out to solve. The lakes and pools of data that lie within the business remain a resource that can be tapped to fine tune productivity and potential, but there is a need to build more stable and robust solutions that aren’t just ticked boxes on a data to do list.
If you want the multi-million dollar business price tag, you’d better be ready to work for it. Turning your idea into a multi-million-dollar business before you hit 30 may sound impossible, but with the right attitude and commitment it’s just a long-term goal that you can achieve with the right mindset.
Understanding the much needed strategic adjustments retailers are making reveals the adaptations finance teams must make in order to support their business. Each of these strategic adjustments has an impact on the finance team, one way or another.
In an article I published recently called “How retail finance teams impact their business by transforming financial planning processes that incorporate meaningful operational levers “, one of the problems I touched on was how difficult it is for retailers to have a realistic view of the impact their HR strategy has on their profitability.