Fast-track better decision-making through data

Four steps to jump start improved performance and sustainable growth

CEOs, strategy leaders, and private equity partners rely heavily on data-driven insights to make informed decisions that fuel growth and enhance performance. Nearly half of U.S. executives surveyed by KPMG LLP (KPMG) say that digital transformation efforts employing data and analytics have improved company profitability or performance over the last two years.1

However, the journey to harness the full potential of data is a complex and ongoing challenge. Extracting actionable insights requires meticulous gathering of data from diverse sources and integrating advanced technologies like artificial intelligence (AI) and generative AI (GenAI). This process is essential before strategizing to reduce waste, optimize operations, and achieve sustainable returns.

Remembering the desired outcome of transformation through data and analytics—improved business performance—is the catalyst that can help guide your organization towards better results and a more competitive edge.

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Want to know more? Read Better data, better decisions: How to accelerate success with insight-powered performance

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What does better performance through data look like?

Data and technology are among the most potent tools for discovering performance improvement opportunities, enabling organizations to eliminate inefficiencies, fine-tune cash flow, and reinvest capital for strategic growth.

The application of connected data transcends typical use cases. It offers endless possibilities for boosting performance and creating value, from determining pricing for a new offering that strikes the “sweet spot” for both customer and business, to uncovering every possible lever to turn around an underperforming division.

With usable insights, executives have increased confidence in their strategic decisions to invest or divest, to build up or cut costs. And with savings from efficiencies, their organizations can reinvest in growth.

Take performance improvement initiatives from daunting to doable

Good news: evolving technology is simplifying the complex processes involved in data preparation and integration so that organizations can harness data more effectively. GenAI models can delve deeper into data and uncover cost-saving initiatives.

To access deeper insights for improved strategic decision-making, executives can consider starting with the following four steps:

1

Set clear priorities. Articulate the business problem you need data to help solve, whether that’s better cost management, identifying opportunities to seize growth and innovation opportunities more quickly and effectively, or something else.

2

Be deliberate in assessing capabilities and maturity. Implement a structured approach involving key stakeholders to assess and identify performance improvement opportunities. 

3

Perform an outside-in analysis of how the organization compares to its peers. Combine external benchmarking data with robust internal data, including historical financial and operational performance in the areas targeted for improvement. 

4

Focus on execution. Reinvest savings into further performance improvements and use “quick wins” to create a domino effect of value creation. 

Performance Improvement with KPMG enhances efficiency, drives growth, and delivers greater value for your business

CEOs and strategy leaders face increasing pressures to preserve margins, drive growth, and deliver lasting value. To make that happen, many are turning to performance improvement initiatives.

Learn more about how Performance Improvement delivers value

What sets apart good from great strategy leaders? It's their ability to make better strategic decisions that reduce waste so they can efficiently grow their business.

Performance improvement delivers value

As leaders navigate continued volatility, performance improvement remains an essential competency for preserving margins and increasing value. By continually managing costs and boosting efficiency throughout the business, leaders can keep generating savings to reinvest into higher-return activities.

 

At KPMG, we combine data, insights, and execution capabilities to help you prioritize and deliver value. Drawing on proprietary data and robust analytics tools, we identify opportunities for improvement—and then apply extensive sector experience to help you execute.

 

Our performance improvement offerings are designed to sustainably enhance your business’s financial trajectory, balancing growth and cost control. From strategy to execution, we can help you confidently achieve measurable improvements.

 

KPMG performance improvement services

 

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Value is at the center of everything we do, meticulously balancing risk and reward. Our strategies are designed to help you maximize returns while safeguarding your investments, ensuring sustainable business growth.

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Emphasizing leadership commitment and employee engagement, we foster a culture of continuous improvement. Aligning your team’s efforts with strategic goals enhances morale and productivity, driving long-term success.

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Leveraging data-driven insights uncovers opportunities to boost performance and profitability. Advanced analytics tools provide precise, actionable intelligence to optimize your decision-making processes.

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Reimagining processes and ways of working helps create superior experiences for all stakeholders. Our tailored solutions help streamline operations, enhance efficiency, and improve stakeholder satisfaction.

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Learn how KPMG can help uncover opportunities to decrease costs, increase efficiency, and create value through continuous performance improvement.

Image of Adam Pollak
Adam Pollak
Partner, Global Head of Value Creation and U.S. Performance Transformation Leader, KPMG US

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