Reflections on Board Day

Following on from my last article on Board day, our keynote speaker – Paul Mason, Channel 4’s former economics editor - got it spot on when he says that in the current crisis, the winners and losers of today may not be the same as in the longer term.

Paul was talking not just about business but also about changes in consumer behaviour. The end of cash, a huge rethink in key industries including retail, hospitality and entertainment, and the grey workforce in retreat will be just some of the factors impacting mainstream business life, underpinned by a huge intensification in digital transformation.

Paul also highlighted that the psychology of how we consume will change, work-life balance needs will change, and lifestyles will diverge. Meanwhile, from a macroeconomic point of view, we seem to be moving towards a new economy based upon new approaches to debt and taxation, and a renewed focus on green investment and job creation.

One thing is certain. Massive and ongoing change will be the only constant.

We were lucky to hear from Board’s customers, including Davide Breda from Marks & Spencer, Will Peachey and Cathy Chinich at Capgemini, Ian Blazey at Mitsubishi Electric, Sherif Ramzy at HH Global and Kelly Goldsworthy from Capitec Bank, share insights on how they are accelerating their digital transformation efforts with laser targeted focus on improved decision-making across retail, finance and the supply chain.

What we have seen amongst the businesses we work with at Board, is that global lockdown has resulted in more spending control towers, an increased emphasis on analysis of the cash impact of operational decisions, shorter planning and forecasting cycles, more evaluation of different macro-scenarios and their potential impact, as well as a blurring of Finance, Strategy & Operations boundaries, coupled with the inevitable shift to working from home and performance/value-based resource re-allocations.

I’m sure many of you are thinking that could be my organisation facing these issues.

It is here that I want to highlight that the Board platform unifies Integrated Business Planning, Digital Boardroom, HR analytics and planning and Sales Performance Planning capabilities in a single interface. Enabling scenario analysis, data visualisation, and collaboration, the platform helps customers to make the big decisions needed today to manage their transition to the new normal. I’m proud to say that Board has become the backbone of digital transformation amongst the industries we serve.

Over the coming weeks, our Board Day virtual roadshow will continue coming to more global locations. Accelerated digital transformation in response to the turbulent times we all live in will feature high on the agendas of each and every one of them.

If you’d like to find out where the Board Day Roadshow is stopping off next, have a look at our website: https://www.board-day.com/

And if you didn’t manage to catch the UK edition, you can catch up on all the sessions here: https://www.board-day.com/uk/

#BoardDay #DigitalBoardroom #DecisionMaking #DigitalTransformation