Before the pandemic (COVID-19) took over the globe so fast, the business leaders were looking out to digitize their companies in order to cope with the inevitable. However, with the wake of the pandemic, the need for agility in decision making and the need for forward thinking and decision making has become a coercion rather than a choice.
The need of the hour is a cognitive planning ecosystem where all the stakeholders can collaborative to derive transformation in execution of strategic objectives. It is imperative to analyze the real-time data from both the internal and external data sources to make agile decisions and predict the outcomes and test them effectively. This framework also provides an opportunity to continually change the inputs as they occur, driving better accuracy to predict the demand in advance.This situation is not restricted to the geography, function or process and is critical across every enterprise’s verticals and horizontals.
We believe that this challenge has given an opportunity to the companies to re-look into their business structure and innovate the ways of doing things for better outcomes. With most of the companies striving to cope with uncertainties in demand, connected planning provides essential support to the enterprises in every way possible to re-structure their business for better outcomes.
Therefore, in the light of the recent events, no one really knows the future. The only strategy that can be applied to improve the business outcomes is through collaboration and connected planning to accomplish the delivery with unified enterprise.