2018 Silver Service Provider Member, Plante Moran, shares the three powerhouse technologies – advanced data analytics, machine learning, and robotic process automation – that can help organizations of all sizes derive greater value from their IT investments.
Summary of the article by Dennis Bagley and Dave Plomin for the Plante Moran blog.
As an organization, you’ve made the right moves — you’ve developed and executed your IT plan and upgraded your ERP, EAM, and CRM systems to improve efficiencies and gain new insights. You’re starting to see results, but these new systems are generating vast amounts of data you aren’t always sure what to make of — or staff now have to enter data into multiple systems to get the information you need. Like many organizations, perhaps you find yourself looking at nicer versions of the same old reports.
Sound familiar? To derive greater value from the investments you’ve recently made or to use them more strategically to outpace competitors, consider three technologies that, while not new, are gaining maturity and traction in the marketplace. Lower costs, ease of use, and quickly- deployable subscription- and cloud-based options bring these powerhouses within reach of almost any organization. Consider making one or more a part of your digital business strategy.
In this post, Plante Moran breaks down the benefits of advanced data analytics, machine learning, and robotic process automation. Data analytics tools enable users to pull “live” data from both internal and external sources, helping organizations to better identify and visualize connections between data points and trends that they might not otherwise recognize. Additionally, Plante Moran explains how machine learning can take this a step further by examining the correlations between data while robotic process automation can build upon this by carrying out automated workflows.
About Plante Moran
Plante Moran is among the nation’s largest accounting, tax and consulting firms. With more than 2,200 dedicated professionals in 23 offices, Plante Moran has provided a full range of services to venture capital funds for more than 20 years.
Key service offerings include assurance and tax services; transaction and tax structuring; cybersecurity; due diligence; purchase price allocation; transaction support services; medical device commercialization consulting; tangible and intangible valuation; and personal and family office tax services. Whether it’s structuring a tax savvy transaction, assistance navigating complex fair value accounting frameworks, or analyzing and understanding the impact of legal agreements, Plante Moran has the expertise to assist you in reaching your fund’s goals.