Creating Data Driven Businesses with PwC’s Leading with Insights

Companies looking to adapt quickly to market changes and leverage market opportunities use real-time data analysis to make the informed decisions they need. By employing these data insights, businesses can increase customer satisfaction and retention, and have a deeper understanding of customer needs. Real-time analysis reduces costs and increases productivity by identifying inefficiencies and streamlining operations and resource allocation.

Organizations generally consider putting their ERP system in place as the first move that precedes analyzing data to draw insights. However, time can be lost during the transformation process if real-time insights into systems are not available. Leading with Insights is a tech-enabled solution by PwC that can help companies accelerate their move to SAP Analytics Cloud.

Leading with Insights allows organizations to receive data insights without needing to complete a transactional landscape transformation. This means that value can be derived from the new environment more quickly, reducing time to value by up to 65%. The solution also reduces technical debt and overcomes the challenge of data latency and uses SAP HANA platform to help drive value.

SAP Sapphire 2024 highlighted the two latest features of Leading with Insights – project foresight and product sustainability risk.

Project Foresight Functionality

Financial forecasting is a process that requires large volumes of data and a high level of accuracy. Any error in the process has the potential to lead to significant losses. The project foresight functionality in Leading with Insights is a predictability solution that can provide deep insights on cost, profits, and financial performance with greater than 95% accuracy, driven by AI models and forecasts. This allows advanced projections to be made within a few hours.

Product Sustainability Risk Functionality

Making sustainable products is more important than ever as consumers are becoming increasingly environmentally conscious and want to buy products that are environmentally responsible. Leading with Insights helps assess the sustainability risks of a company’s products. The functionality uses data from SAP systems and benchmarks against industry standards and information from regulatory bodies to assess an organization’s environmental impact in a cost-effective manner.

Leading with Insights helps reduce the time required to create a sustainability risk profile for a company by 60%. By leveraging insights from the offering, companies can move quickly to improve efforts towards making their products more sustainable.

Companies can become future-ready and agile by making data-driven decisions, a capability enabled by real-time data analytics. Leading with Insights can help speed up this process and facilitates alignment of operations with overall objectives.