Currently planning and budgeting is a top down and bottoms up process that occurs once a year. The process is typically manual using spreadsheets and databases to manage the information workflows. After weeks of preparation the files are completed and then rolled up to show the new plans and set up the discussion on budgets.
Goals and Objectives
Organizations will infuse their planning and budgeting process with intelligent inputs to drive detail data-rich predictive planning to allow for greater business resiliency.
Enterprise hardware, personal devices, cloud, Big Data and analytics, mobile, applications, business consulting, cognitive technologies, and IoT
Use Case Summary
Capital planning and budgeting becomes extremely intelligent with historical perspectives, new inputs for future requirements, and then predictive abilities to understand the future outcomes based on the dynamics introduced.