Overview

Innovation is all about curiosity and change. Businesses with a culture of challenging the status quo, and continuous improvement and reinvention, are in a much better position to be resilient and lead in times of marketplace disruption. We now live in an increasingly agile business world where innovation through technology adoption has enabled businesses to transform themselves and enhance efficiency by launching new products and services, gaining competitive advantage, and reducing costs. Ultimately, those who have embraced innovation and embed it into their culture, engaging the whole organisation in the process, will thrive in the long term.

Insights

RSM UK’s analytics director, Sarah Belsham talks us through the powerful insights that using data analytics can afford businesses. With a growing need for digital efficiencies, Sarah explores how middle market businesses can use data analytics to unlock the power of their data.

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Harnessing the power of data analytics

Is your business facing challenges on multiple fronts? Are you racing to reorganise your supply chains to mitigate the risk of further disruption or further exposure to tariff increases? Are you finding it more difficult than ever to forecast your cashflow? With many businesses across the globe continuing to face these issues, RSM International’s Chief Innovation Officer, Paul Herring is joined by RSM experts from across the globe to discuss how data analytics could be the key to navigating middle market businesses through uncertainty and to unlock new opportunities.

How can data analytics improve cashflow management?

With COVID-19 continuing to bring further disruption to the global business landscape, for many middle market businesses, protecting their cash has become their main focus, and many of them are now turning to data analytics to help. Join our professional experts from RSM US, RSM UK and RSM Australia, as they explore how data analytics can help business leaders better understand their businesses and enable them to make critical decisions regarding cashflow, profitability and cost.

Case study: Data analytics adoption in Singapore

A recent study has found that almost 70% of Small and Medium Enterprises (SMEs) operating in Singapore have not adopted any data analytics within their organisations, and half of those have no plans to do so in the future. In this study, RSM Singapore’s Adrian Tan reveals the findings of a survey of almost 600 SMEs conducted with the Singapore Institute of Technology, and the Institute of Singapore Chartered Accountants, and how they have been using this data to help RSM middle market clients to understand the benefits of using data analytics.

Digital transformation

For businesses adjusting to a new normal, digital transformation is the way forward 

When the quarantine first began, most companies were caught off guard. The immediate need was to set up a remote workforce, with some organisations handling this transition better than others. 

This was quickly followed by the need to stabilise cash flow to make sure more money was coming in, than going out - no small task during a global economic downturn.

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Innovation survey

RSM International commissioned a study of successful companies across Europe to investigate how and why they pursue innovation. Undertaken by the European Business Awards, the report comprises responses from 791 companies in 33 countries, spanning multiple industries and sizes.

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