Next-generation integrated business planning that empowers leaders and their teams by providing real-time data to improve decision-making is essential to triumph this year and beyond. 43 Les Brookes & Gavin Fallon Partner at Oliver Wight EAME & General Manager – UK at Board Next-generation integrated business planning that empowers leaders and their teams by providing real-time data to improve decision-making is essential to triumph this year and beyond. If chief executives are like ship captains, the extremely choppy waters expected in 2023 could fling the most poorly prepared leaders overboard without a lifejacket. Worse, everhigher waves of volatility might sink their organisations. After all, those at the helm face the high probability of a global economic downturn and numerous additional disruptions, some more foreseeable than others. The most successful CEOs in the year ahead will have the greatest visibility of information or, put another way, the fewest blind spots. They will be agile enough to react and steer around near-distance obstacles and chart a different course if potential trouble is spied on the horizon. On topof the volatility causedby thepandemic fallout, CEOs had to contend with the Ukraine war, surging inflation, supply-chain issues, and political uncertainty. In 2023, few leaders can confidently – or accurately – predict future challenges and opportunities without investment in operational and foresight technology. Indeed, the more comprehensive the overview of past and present data, the more informed and improved the decision-making. And by analysing more and better quality historical and current data, a captain can sail away from upcoming challenges and towards opportunities. Moreover, embracing an innovative integrated business planning model, which gathers and shares data, and breaks down silos while aligning functions using advanced technology, will empower business leaders and their teams. “Yes, the coronavirus c isis necessitated speeding up digital transformation journeys, but keeping up momentum is crucial. The unrelenting pace of change now requires continuous business evolution to co vert data to valuable information for decision-making.”
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