Waiting for auditors to find contraventions in governance and compliance and potentially fraudulent transactions is too late in today’s online world. Big Data, Advanced Analytics, Machine Learning and Stream Analytics and process automation offer some compelling solutions. Hein Pretorius
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Big Data and advanced analytics will provide predictive insights into potential governance and compliance breaches by collecting all transaction data from the ERP system and database engine and build profiles of normal and anomalous transactions and producing profiles of a-day-in-the-life-of user behaviour across the company. Normal vs anomalous behaviours will be flagged. Hein Pretorius
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The user behaviour and transaction profiles will prepare your company for business process re-engineering and robotic process automation. Hein Pretorius
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The user behaviour profiles will enable training needs planning, capacity planning, planning for growth, planning for automation and more. Hein Pretorius
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The most critical behaviour to ensuring success with Data Science projects is true collaboration leading from trust. A very close second is boldness in embracing the insights and acting on them. Hein Pretorius
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Data Science, Machine Learning, Stream Analytics, AI, Process Reengineering and Automation – These are the business tools of the future. The critical ingredient is DATA, good quality, clean, relevant DATA at the right time. It is critically important that companies instil a culture of caring about DATA as a matter of urgency. Ask us how. Hein Pretorius
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If you have not started innovating and developing your digital transformation strategy, you need to contact us urgently or risk being left behind. Only 12% of 1955 Furtune500 companies were still listed in 2014. Hein Pretorius
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Developing a digital transformation strategy is your Star Trek moment – “To boldly go …” Hein Pretorius
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Digital Transformation is NOT ONLY about AI and Machine Learning and all these futuristic and sexy technologies. It is about the opportunities presented by these technologies and leveraging them to innovate with new services and new ways of taking current products and services to your customers and market, to develop new sources of revenue, to reduce the cost of doing business and, most importantly, to be more agile in responding to changing customer needs. Hein Pretorius
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The new competitive advantage is speed to market and agility to change quickly. Hein Pretorius
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The first steps of your Digital Transformation and Cloud journey
One Understand that Digital Transformation and Cloud is more about the opportunity to think differently about your business and less about new technologies.
Two Understand that Digital Transformation and Cloud It is NOT about ripping out and replacing your current enterprise technology stack.
Three Partner with a change agent and digital transformation leader:
- To help you understand the opportunities presented by Digital Transformation and the Cloud.
- To help you develop a Digital Transformation view and strategy for your business.
- To lead your projects and ensure that business purpose remain front of mind.
- To ensure that technology does not take front of stage position in the projects. Technology is there to serve your business purpose, not the other way around.
Four Develop a deep understanding of the importance of DATA in the new digital era. The digital era has a much more granular view of data and is much more unforgiving towards low quality data than traditional BI and ERP systems. It is CRITICALLY IMPORTANT that you instil a culture of caring about quality of data in your organisation.
Five Get your data into a central Cloud repository. Augment your organisation’s data with data from sources outside of your organisation.
Six Follow an inclusive, collaborative approach to develop ideas into projects with solid business cases. Prioritise these projects, get stakeholder buy-in.
Seven Do scenario planning and the identification of flags or indicators showing that a specific scenario is playing out. This, in turn leads to decisions of when to pull the plug or when to double down and drive initiatives that show signs of success.
Eight Start.
Hein Pretorius
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Medium sized businesses are ideally positioned to embrace Digital Transformation thinking and the Cloud.
- Cloud and Digital Transformation does not compete with your current ERP system. All major cloud providers have advanced integration and data transfer technologies that will extend your reach into the cloud.
- Cloud and Digital Transformation thinking allows you to quickly build and deliver new services and revenue streams that will enable you to compete with much larger but slower moving businesses.
- Cloud and Digital Transformation thinking exponentially extends your reach to new customers and markets.
- The consumption models of all major Cloud providers allow you to experiment with features and technologies without spending vast amounts of capital. Switch on, try, switch off. This is especially valid for software and product development environments. You scale-up as you need and scale down when you are done.
- Cloud allows you to collect and store vast amounts of data from different sources. The user-friendly machine learning and advanced analytics tools, readily available on the cloud, allows you to step into the digital era without the requirement to invest in highly skilled data scientists and expensive equipment and software technologies.
Hein Pretorius
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Digital Transformation is more important than ERP, as a strategic endeavour. ERP have for far too long, bogged companies down with rigid processes, system configuration thinking and drawn out, expensive implementation programs riddled with budget and deadline overruns. Keep your old ERP system and invest your collective creativity, your time and your budgets into Digital Transformation endeavours. This is where you will develop real competitive advantage, real business agility and real customer and staff centricity. Over time, your ERP system will fade into insignificance through automation.
Hein Pretorius
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