We can all agree that planning is important: Change, transformation, and disruption are the new normal for businesses, and information to make timely decisions is needed now more than ever. These urgent realities drive businesses to recognize the value and insight that Connected Planning provides over traditional planning.
From outdated to actionable—in real time
Further, nearly three-fourths of companies report that they currently take weeks or months to incorporate market changes. We see many companies, particularly those using conventional planning tools, spend so much time trying to get their plans right that they become outdated before they can even be executed. It is this inefficient planning affecting the ability of today’s leaders to make decisions that improve and sustain short- and long-term business performance.
There’s a better way to plan
Accommodating cross-functional processes, high volumes of data, and engagement of multiple teams with traditional planning methods is too slow, complex, and costly—it simply becomes overwhelming.
To be successful, we need to approach planning differently. We need to get the right data and the right perspectives about that data. This is why Connected Planning technology is such a valuable opportunity; it brings together siloed parts of organizations to integrate data, people, and plans across their enterprise for better, more informed decision-making.
Our State of Connected Planning research is encouraging: We found that 92 percent of companies believe that better planning technology produces better business outcomes. Technology gives us an ability to reduce the complexity of our data and can empower us to make intuitive, strategic, and impactful decisions within dynamic business environments—agility that is nearly impossible to achieve through conventional planning.
As business leaders, we face a big opportunity: We can reinvent ourselves and evolve as individuals and for our companies. We can do things differently. Exciting times for the business world are ahead; from traditional planning comes Connected Planning—a dynamic, intelligent, and collaborative approach that gives businesses a new way to re-imagine the planning process and make better decisions faster.