By Dennis Bouley
According to The Hackett Group, a strategic consulting and benchmarking firm, tomorrow’s digital and analytic workforce will have dramatically different roles in business functions. As automation decreases the need for highly manual and task-oriented activities, organizations instead will need create new roles and develop or acquire new skills such as data architects, data scientist, digital partner behavioral scientist, and information security expert. These roles will require professionals to perform activities such as analysis, identifying and solving problems, serving as a business partner, mining data for new opportunities, and developing predictive models.
What kinds of skills will a digitally-enabled workforce require?
According to the Hackett Group’s recent 2018 Key Issues study, a strategic consulting and benchmarking firm, nearly 80% of executives surveyed indicated that improving functional analytical, modeling and reporting capabilities for decision support was of high or critical importance.
The study goes on to say that nearly 63% of organizations indicated that today their analytics talent pool is decentralized with each business function having its own analytics capability. This trend is expected to drop by nearly half, to 32%, within the next 2-3 years in favor of models that serve as a centralized analytics hub for the enterprise.
Most procurement organizations have opportunities to elevate analytic and decision support capabilities to deliver greater value to the enterprise. To facilitate such improvements, organizations expect to increase mainstream adoption of advanced analytics and related tools in the near term. Overall, 53% of executives surveyed expect mainstream adoption of advanced analytics tools within two to three years, up from about 8% today – an increase of nearly 7 times. Specifically, in the area of procurement, mainstream adoption of such principles will increase from the current 20% of today to 63% within the next 2-3 years.
For more information on the Hackett Group’s 2018 Key Issues study, register for their complete research report at http://go.poweredbyhackett.com/eat1803sm.
The Hackett Group is an intellectual property-based strategic consultancy and leading enterprise benchmarking and best practices digital transformation firm to global companies, offering digital transformation including robotic process automation and enterprise cloud application implementation. Services include business transformation, enterprise analytics, working capital management and global business services. The Hackett Group also provides dedicated expertise in business strategy, operations, finance, human capital management, strategic sourcing, procurement and information technology.
Dennis Bouley is Editorial Director of MyPurchasingCenter.com and special advisor to MediaSolve Group, a strategic B2B marketing services firm focused on helping companies and institutions leverage the web and social media to achieve business goals. He spent 18 years at Schneider Electric as Managing Editor of Global Publications, and was responsible for cross-division management of the corporation’s white paper and customer success story processes. Prior to that, he spent 10 years working for IBM managing both small and large accounts. He holds a Bachelor of Arts in Journalism from the University of Rhode Island and holds a Certificat Annuel from the Sorbonne in Paris, France.
According to a recent NAPCP and Accenture survey, supplier acceptance of card payments has increased since 2009 across spend categories, with significant growth since 2013 in major categories Read More
George E. Krauter
The CEO of a large multi-plant corporation sent a memo to the procurement CPO instructing him to reduce the company’s expenditures by 22% in the coming year. The same memo was sent to the operations Read More
According to a recent Hackett Group research study, 95% of procurement executives indicate that digital transformation will change the way procurement services are delivered within the next two years. The percentage of organizations with Read More
Staples Advantage is the one supplier that offers all the business solutions you need, all with the expertise of a specialty vendor. Read More
It started in 1972 with an idea, a new concept in distribution. Today, Digi-Key Corporation is one of the fastest-growing electronic component distributors in the World. The stimulus for this growth is Digi-Key's customer-centered business philosophy… Read More
Procurement and supply management leaders have a seat at the table, and management’s expectations are high. But what do CEOs really want, and is purchasing delivering on these expectations? This webcast looks at how procurement and supply management … Read More
At world-class companies, purchasing’s influence touches just about every area of spending. But, how exactly do procurement teams get to the point where other departments approach them for help with sourcing such indirect categories as human resource… Read More