A digital meeting room was science fiction a few years ago. Nowadays you only need a laptop or iPhone and an internet connection for meetings.
A digital boardroom is an all-in-one cloud platform. The basis is the technology of business software developer SAP. EY adjusts the system so that companies - from whatever sector - find all necessary data in real time. The platform and its functionalities give the users an answer to the question of how their company is currently doing and why it is doing so (root cause analysis). Moreover, they find what they can expect in the future. Based on that, strategic decisions can be made.
A concrete example? Take, for instance, a chemical company. It should collect data about the basic products that it purchases. If its raw materials suddenly become 25 percent more expensive, the company must take increased costs into account in its financial planning. The company must correctly assess such fluctuations in order to adjust its prognoses at any level. In the past, management asked the controller to adjust the models. He then had to look for the necessary information for all services. This is no longer necessary with the EY digital boardroom. All information is available, from top to bottom in the organization.