Say Hello to Illuminar, The Digital Enterprise Digest
It was once famously said, ‘Change is the only constant’. In a fiercely competitive digital landscape of today, the key to build valuable businesses revolves around a healthy obsession with customer experience backed by organizations’ ability to integrate, collaborate and automate for productivity and scale.
At this inflection point, organizations are changing to become digitally competitive enterprises. Many are reacting, but the front-runners are actually the drivers of this change. These organizations are constantly embracing technologies to empower and integrate their teams with real time understanding of organizational data, unified digital assets and seamless collaboration possibilities to deliver delightful customer experiences.
Welcome to Illuminar, a definitive digital digest presenting a curated round up of voices, trends and thought leadership for quintessential Digital Enterprises like you. In this edition our focus is on changing facets of finance as a business driver besides curating some interesting technology trends to watch out for this new year.
Over the last couple of years, I really enjoyed meeting with over 700+ CXO’s of several upper mid to large enterprises and working with several of them. The ideas and experiences they shared, gave a lot of insight to the changing industry trends, the challenges they face and the solutions are they are looking for. One of the most talked about subjects is the sheer challenge for organizations to keep pace with enormous amounts of digital information relating to their business, customers, functions, competitors etc. How can enterprises leverage this information to maximize business opportunities and serve their customers and ecosystem better? Illumainar is a trusted community for CXO’s with the objective of sharing and cross-pollinating knowledge, to support in the creation and maturity of a digital enterprise. This is a monthly publication targeted for digital audiences globally.
Each month, Illuminar will showcase content and feature an interview of a subject matter expert around one topic. The topic for this month’s release is “Trends Shaping the Future of Finance”. This is not intended to be a prediction but more around what companies are already putting in place to further enhance their finance function and drive business. The past decade has seen a redefinition of the CFO’s role from creating efficiencies, managing risk, compliance, control, governance and reporting to doing all this and much more. With the digital revolution and increasing stakeholder expectations, the finance organization of today is preparing itself to get structured for agility to be able to respond to a myriad of internal and external market conditions. They are able to create an environment to steer the organization in the direction of business success, engage better with stakeholders and build a resilient organization.
Technology has a big role in shaping and bringing these changes to life. Today, technology not only completely automates processes, but also allows the finance organization to collect, analyze and draw insights from real time information coming in from multiple channels. Decision making driven by predictive and prescriptive analytics, and automating execution of the same ensures faster and more accurate turnaround. The way information is created, collaborated and consumed is changing thanks to digital convergence and mobile technologies that allows significant saving in turnaround time.
This edition features an interview of Vikas Kapoor, Vice President- Finance of Tata Sky who has shared some interesting perspectives on how the finance organization is adapting to these new expectations, and some of the innovations that Tata Sky itself is doing to translate the vision of their finance function into reality.
I hope you enjoy this edition as much as we did creating it. Happy Reading!
Editor, Illuminar- The Digital Enterprise Digest