Planning in a Digital World
Tomorrow will not Wait
As time goes by, digitisation affects and transforms more and more economic industries. As a result, changes and innovative possibilities in terms of work processes also emerge in planning. Modern technologies bring new tools and methods that can streamline the work of financial units and make it more effective and efficient. However, are we able to make use of the advantages offered by new technologies in respect of planning? Are we actually any good at planning? These are some of the questions to which we sought answers in our study focused on planning, budgeting and forecasting (PBF).
The study entitled “Planning in a Digital World: Tomorrow will not Wait” maps the situation in the Czech Republic, where we often encounter profound distrust of plans and budgets in the pipeline. Is PBF actually seen as a beneficial and key tool of corporate governance? Do Czech companies adjust to new trends, making use of measures such as a rolling forecast?
In carrying out the survey, we focused on the key aspects of the planning process – on organisation and the people involved in the process, related processes, methodology and, last but not least, the use of information technologies. We paid closer attention to the issue of planning in a digital world, the possibility of using new technologies, as well as the most frequent deficiencies of PBF and how to remedy them.
Would you like to know how Czech companies make plans and what planning should be like in a digital world? Read a summary of the most interesting findings from the study accompanied by our views (in Czech).