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.
Want to know more? Read Better data, better decisions: How to accelerate success with insight-powered performance
Download the paperData 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:
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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
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As leaders plan for the future, it's essential to recognize the critical role performance improvement plays in preserving margins and increasing value. By managing costs and boosting efficiency across all business areas, savings can be reinvested into higher return activities.
At KPMG, we combine data, insights, and execution capabilities to help you prioritize and deliver value. We use proprietary data and deep insights to identify areas for improvement, and leverage our extensive sector experience to execute on these opportunities.
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 in revenue, operating margins, cost structures, and working capital positions.
Stay ahead with insights and actionable strategies designed to elevate your business performance across your organization.
Learn how KPMG can help uncover opportunities to decrease costs, increase efficiency, and create value through continuous performance improvement.