{"id":60138,"date":"2023-02-22T12:15:24","date_gmt":"2023-02-22T11:15:24","guid":{"rendered":"https:\/\/www.pikon.com\/?p=60138"},"modified":"2025-04-03T08:48:25","modified_gmt":"2025-04-03T06:48:25","slug":"become-a-data-driven-company-by-integrated-business-planning","status":"publish","type":"post","link":"https:\/\/www.pikon.com\/en\/blog\/become-a-data-driven-company-by-integrated-business-planning\/","title":{"rendered":"Become a data-driven Company by Integrated Business Planning"},"content":{"rendered":"\t\t
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Dynamic times call for flexible, automated and integrated applications for planning and forecasting, which are vital to a company\u2019s success. Strategic and operational planning are indispensable instruments in leadership and management in successful companies and form the basis on which a company can make the best possible decisions. Integrated business planning supports not only the planning process itself, it also makes it possible to maintain a continuous exchange between the various stakeholders in and outside the company. All this is by now an established fact and is already high up on the agenda of many a CFO. The implementation, though, seems to be lacking. Aligning strategic and operational planning in an integrated planning process, a future-oriented data and BI strategy and modernising the underlying BI architecture all require a target vision everyone can rally around and which can be broken down into smaller sub-targets.<\/p>

We at PIKON have created a maturity model that describes this target state and defines the steps to getting there.<\/p>

For us, the target state of a digitisation and modernisation in the finance department is definately a data-driven company. It is, however, clear in this regard that the consistent use of data for a secure and reliable corporate management on the basis of data-driven, partially automated decisions can only be one aspect of a data-driven company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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What really makes a company a data-driven company?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The main feature of a data-driven company is that the employees make decisions based on data and information. Such companies use various tools and technologies to collect data from different sources, to save and store this data, to manage and analyse it. The tools used offer user-friendly visualisations, automated process steps and support analysis of data by AI functionalities. The insights obtained in this way are then used to optimise processes, understand customer needs, develop new products or to minimise risks. So, a data-driven company makes increased use of decisions reached on the basis of data in combination with employee experience \u2013 a basic prerequisite for corporate planning security.<\/p>

If you want to make the change and become a data-driven company, you will need to firmly anchor the following points into your company\u2019s organisation:<\/p>