Loughridge Transformations' Webinar: Data Science - Enabling Finance Transformation to Evolve
- 1. Data Science – Enabling FinanceTransformation to Evolve JENNIFER LOUGHRIDGE TUSHAR BELAPURKAR
- 2. YOUR SPEAKERS FEEL FREETO GET INTOUCH! §Senior Executive Finance professional with 20+ years’ global experience. §specialises in Finance Transformation and Continuous Improvement, with particular expertise in Strategy, Performance Management, Business Partnering, Commercial Decision- Making, Corporate Governance & Valuation. §an experienced leader of large and complex teams in a global, virtual environment. §a significant track record exploiting virtual technology and developing innovative practices to deliver world-class transformative process, system and behavioural change in a complex and challenging global environment impacting 5000+ FTEs with multi-year, multi-million US$ budgets Jennifer Loughridge jennifer.loughridge@loughridgetransformations.com §Senior Business & Digital Transformation professional with 20+ years’ global experience in Operational Excellence and Process Improvement Leadership. §offers services on a project basis. §most recent assignment was with Shell, based in Chennai, India, as a Continuous Improvement Deployment Lead. §Specialises in Lean Six Sigma, Project Management, Data Science, Commercial Acumen, People Leadership and large-scale Organisational Change. §delivered US$500 mln+ value across manufacturing and service functions and has transformed 30+ functions and processes over the last 10-12 years of his career. §passionate about building upon his existing skills and leveraging them to create value for his stakeholders. Tushar Belapurkar hptushar40@outlook.com Mar-22 © Loughridge Transformations Ltd 3
- 3. AREYOU ABLETO UNLOCKTHEVALUE FORYOUR ORGANISATION? “2022 will be a make-or-break year for CFOs when it comes to unlocking the value of AI, hyper- automation, digital skills, continuous processes and data management. CFOs who continue to drive toward the future of autonomous finance will unlock immense value for their organisation in the years to come.” Source: Garter for Finance: Top Priorities for Finance Leaders in 2022 ©2022 Gartner Mar-22 © Loughridge Transformations Ltd 4 PROTECT Maintain oversight of assets, value and risk and ensure compliance OPERATE Deliver efficient, effective, well-controlled processes Partner the business with value-based, commercial thinking IMPROVE Drive value-based improvement across the business DIGITISE Drive use of data, analytics and build of digital capability INNOVATE Ensure rigorous, value-based decision-making for innovation programmes Robotic Process Automation Mimics Human Actions Software used to capture and interpret existing applications for the purpose of automating transaction processing, data manipulation and communication across multiple IT systems Intelligent Automation Mimics Human Judgement Automate non-routine tasks involving intuition, judgement, creativity, persuasion or problem solving Artificial Intelligence Augments Human Intelligence The theory and development of computer systems able to perform tasks that normally require human intelligence © Deloitte
- 4. ELEMENTS OFTRANSFORMATION Process & Data Systems &Technology §structure §capability §culture Organisation Risk & Controls © Loughridge Transformations Ltd 5 Mar-22
- 5. DATA SCIENCE DEPLOYMENT – OUR STEPPING STONES TO DELIVERY 1 Create Vision & Identify Opportunities • UNDERSTANDING BUSINESS MODEL • IDENTIFY KEY CHALLENGES AND OBJECTIVES • IDENTIFY OPPORTUNITIES AND SET PRIORITIES 2 Assess Existing Capabilities • UNDERSTAND EXISTING DATA INFRASTRUCTURE AND EVAUATE DATA AVAILABILITY, QUALITY ETC • UNDERSTAND CURRENT ANALYTICS, INFRASTRUCTURE AND RESOURCE SKILLS 3 Design & Recommend • DATA AND INFORMATION STANDARDISATION ACROSS SYSTEMS • DEFINE ENGAGEMENT MODELS - IN-HOUSE, OUT- SOURCED OR COMBINATION 4 Detailed Action Plan • DETAILED ROADMAP • DETAILED PHASED ACTION PLAN FOR INFRASTRUCTURE, TOOLS, RESOURCES ETC 5 Governance • GOVERNANCE MECHANISM - TEAM ALIGNMENT AND STRUCTURE • SENSITISING KEY STAKEHOLDERS • INTERNAL TRAINING Mar-22 © Loughridge Transformations Ltd RESISTANCE TO READINESS: © IMA Worldwide 6 CHANGE MANAGEMENTTOTARGET MINDSET & BEHAVIOURS
- 7. Mar-22 © Loughridge Transformations Ltd 8 Q&A Feedback Click Here to open Q&A
- 8. THANKYOU FOR JOINING… We hope you enjoyed the webinar. Feel free to connect with our speakers: Register for our next webinar at www.loughridgetransformations.com/learn/webinars Arrange a call with any of our consultants at: www.loughridgetransformations.com/schedule-meeting/ For more content, take a look at LoughridgeTransformations’ blog: Jennifer §www.linkedin.com/in/jennifer-loughridge §Jennifer.Loughridge@loughridgetransformations.com Tushar §www.linkedin.com/in/tushar-belapurkar/ §hptushar40@outlook.com Nine Steps to Finance Transformation Digital Finance Organisation - AreYou Ready? DigitalTransformation for Finance: HowTo Get It Right Mar-22 © Loughridge Transformations Ltd 9