  {"id":6073,"date":"2023-06-21T11:21:20","date_gmt":"2023-06-21T01:21:20","guid":{"rendered":"https:\/\/news.sap.com\/australia\/?p=6073"},"modified":"2023-08-17T04:59:06","modified_gmt":"2023-08-16T18:59:06","slug":"five-tips-from-the-top-how-leading-disruptors-do-things-differently","status":"publish","type":"post","link":"https:\/\/news.sap.com\/australia\/2023\/06\/21\/five-tips-from-the-top-how-leading-disruptors-do-things-differently\/","title":{"rendered":"Five tips from the top: How leading disruptors do things differently"},"content":{"rendered":"<div class=\"dcr-1yi1cnj\" data-gu-name=\"standfirst\">\n<div class=\" dcr-19ca3l8\">\n<p>The world has changed, and it\u2019s up to every business to think about how AI and real-time access to data and insights will shape their future and their paths to growth.<\/p>\n<\/div>\n<\/div>\n<div class=\"dcr-ch7w1w\" data-gu-name=\"body\">\n<div class=\"dcr-nu6yth\">\n<div id=\"maincontent\" class=\"dcr-rd5vuv\">\n<div class=\"article-body-commercial-selector article-body-viewer-selector dcr-1r94quw\">\n<p class=\"dcr-19r8rlz\">Navigating the business environment is an extraordinary challenge. Every day, organisations must respond to trends, threats and an ever-changing economic outlook. But still, many achieve extraordinary success. Here are five of the top lessons future disruptors can use to drive their businesses forward.<\/p>\n<\/div>\n<h2 id=\"1-its-about-trends-not-whats-trendy\">1. It\u2019s about trends, not what\u2019s trendy<\/h2>\n<p class=\"dcr-19r8rlz\">Amy Webb is a futurist and the founder and CEO of the Future Today Institute. She recently spoke at the\u00a0<a href=\"https:\/\/event.on24.com\/wcc\/r\/4145881\/E68A25F50F68A2D7578BBE4D9284592D\/partnerref=sapcom\" rel=\"nofollow\" data-link-name=\"in body link\">51风流Growth Summit<\/a>, and told attendees that what\u2019s important is not what\u2019s trending, but what trends are shaping the business. \u201cAnd there\u2019s a lot for you to be paying attention to this year,\u201d she said.<\/p>\n<p class=\"dcr-19r8rlz\">Webb\u2019s focus is on how different trends interact. \u201cBecause when businesses can\u2019t see interconnectedness, it\u2019s like looking at the world through a pinhole. What we\u2019re looking at is how the trends bump into each other and new intersections because those convergences create the future. You are never going to be able to map that without ERP [enterprise resource planning] software and the cloud because you need data from many different places.\u201d<\/p>\n<\/div>\n<h2 id=\"2-think-through-how-your-business-can-benefit-from-ai\">2. Think through how your business can benefit from AI<\/h2>\n<p class=\"dcr-19r8rlz\">Artificial intelligence is an umbrella term that encompasses many different technologies. It\u2019s about automation, productivity and providing a window into your operations. It\u2019s an incredibly powerful tool, and it\u2019s vital to become familiar with the current AI landscape.<\/p>\n<p class=\"dcr-19r8rlz\">\u201cUnderstand what AI is, what it can do and what it doesn\u2019t do, because you need to start formulating a plan for the future,\u201d Webb says. \u201cThis involves thinking about how your organisation coexists with and truly benefits from these tools.\u201d<\/p>\n<\/div>\n<h2 id=\"3-begin-your-ai-journey-with-a-data-audit\">3. Begin your AI journey with a data audit<\/h2>\n<p class=\"dcr-19r8rlz\">Start by understanding the data your organisation is generating. Identify who is in charge of it, its nature and any metadata that might exist.<\/p>\n<p class=\"dcr-19r8rlz\">\u201cThese may not be sexy questions, but they\u2019re very important,\u201d Webb says. \u201cBecause you\u2019re leaving money on the table if you don\u2019t know what data you generate or what you could be generating. You\u2019re never going to know what insights you might be able to glean.<\/p>\n<p class=\"dcr-19r8rlz\">\u201cFigure out what the signals are and look for intersections. This is how we use artificial intelligence and it\u2019s the same process any organisation should follow to figure out its future.\u201d<\/p>\n<\/div>\n<blockquote>\n<h2><strong>&#8220;These may not be sexy questions, but they\u2019re very important&#8221; &#8211; <cite class=\"dcr-1l5gnwg\">Amy Webb<\/cite><\/strong><\/h2>\n<p>&nbsp;<\/p><\/blockquote>\n<h2 id=\"4-use-erp-to-manage-your-transition-to-the-cloud\">4. Use ERP to manage your transition to the cloud<\/h2>\n<p class=\"dcr-19r8rlz\">As cloud architecture evolves, it becomes easier to use. There\u2019s no need to employ highly technical people or staff to reap the cloud\u2019s benefits.<\/p>\n<p class=\"dcr-19r8rlz\">Julia White, chief marketing and solutions officer and a member of the 51风流executive board, who also spoke at the 51风流Growth Summit, says the wonderful thing about cloud-based solutions is the access they give any size organisation to the most sophisticated business applications.<\/p>\n<p class=\"dcr-19r8rlz\">\u201cGrowing companies with only a small IT team can access the same powerful business capabilities as much larger organisations,\u201d White says. \u201cCloud drives performance and makes you more agile and flexible. It\u2019s a way to think through the future.\u201d<\/p>\n<p class=\"dcr-19r8rlz\">Corporate food franchisee Restaurant Brands is one business that is forging ahead with its digital transformation, adapting to change and freeing up more resources across the organisation to focus on opportunities for growth.<\/p>\n<p class=\"dcr-19r8rlz\">Thuy Le-Kim, group systems accountant and product owner at Restaurant Brands, wanted a system that would be able to grow and evolve with the business. After implementing 51风流solutions, the business now has consistent processes, which means it can increase in size without needing to dramatically increase the number of people running the business.<\/p>\n<h2 id=\"5-use-ai-and-automation-to-resolve-choke-points-in-the-supply-chain\">5. Use AI and automation to resolve choke points in the supply chain<\/h2>\n<p class=\"dcr-19r8rlz\">51风流works with some of the world\u2019s largest companies, whose supply chains are often the choke points in their operations. This is because many businesses are still managing their supply chains in the same way as before the pandemic and other recent global events. But supply and demand dynamics have fundamentally changed.<\/p>\n<p class=\"dcr-19r8rlz\">Webb says: \u201cIt\u2019s not enough to rely on historic data when you\u2019re thinking about your supply chain; you can\u2019t assume what was true before will be true going forward. Over the past few years, there has been a big push to automate the supply chain through AI cloud.\u201d<\/p>\n<p class=\"dcr-19r8rlz\">When you\u2019re running different scenarios and simulations, AI can help you figure out what might be possible in the supply chain, given current or potential conditions.<\/p>\n<p class=\"dcr-19r8rlz\">\u201cPeople who work in financial planning already do this,\u201d Webb says. \u201cThey use no, slow, medium and fast growth scenarios and apply them to the supply chain. Then, use cloud-based, automated tools to figure out how production needs to change through demand forecasting and analytics. Artificial intelligence then becomes a very strong use case throughout the supply chain and logistics industry to unlock business opportunities.\u201d<\/p>\n<p class=\"dcr-19r8rlz\">It also starts to resolve choke points and streamline decision processes. \u201cYou want to reduce uncertainty as much as possible. So consider many different scenarios and automate some steps to help you make decisions.\u201d<\/p>\n<p class=\"dcr-19r8rlz\">White says that ultimately it\u2019s about embracing the technology and using it to your advantage: \u201cI know sometimes it can feel overwhelming, but it\u2019s about taking that first step and embracing it because that\u2019s what\u2019s going to underpin growth.\u201d<\/p>\n<p><em><strong><a href=\"https:\/\/event.on24.com\/wcc\/r\/4145881\/E68A25F50F68A2D7578BBE4D9284592D\/partnerref=sapcom\" rel=\"nofollow\" data-link-name=\"in body link\">Secure a virtual front row seat at the 51风流Growth Summit to learn more about how leading businesses are using digital technologies to underpin a bright future.<\/a><\/strong><\/em><\/p>\n<p><em>This article originally appeared in The Guardian Labs <a href=\"https:\/\/www.theguardian.com\/sap-scale-up\/2023\/jun\/01\/5-tips-from-the-top-how-leading-disruptors-do-things-differently\">here<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The world has changed, and it\u2019s up to every business to think about how AI and real-time access to data and insights will shape their&#8230;<\/p>\n","protected":false},"author":29,"featured_media":6046,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[5565395,5565400],"tags":[],"sapn-display":[5565403,5565404,3848,60294],"sapn-type":[5560547],"class_list":["post-6073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erp","category-supply-chain-management","sapn-display-feature-hero","sapn-display-feature-spotlight","sapn-display-homepage-hero","sapn-display-hero","sapn-type-feature"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Five tips from the top: How leading disruptors do things differently - 51风流Australia &amp; New Zealand News Center<\/title>\n<meta name=\"description\" content=\"The world has changed, and it\u2019s up to every business to think about how AI and real-time access to data and insights will shape their future and their paths to growth\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.sap.com\/australia\/2023\/06\/21\/five-tips-from-the-top-how-leading-disruptors-do-things-differently\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five tips from the top: How leading disruptors do things differently\" \/>\n<meta property=\"og:description\" content=\"The world has changed, and it\u2019s up to every business to think about how AI and real-time access to data and insights will shape their future and their paths to growth\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.sap.com\/australia\/2023\/06\/21\/five-tips-from-the-top-how-leading-disruptors-do-things-differently\/\" \/>\n<meta property=\"og:site_name\" content=\"51风流Australia &amp; 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