However, in spite of this renewed interest in zero-based budgeting and redesign, few companies are tapping the full potential of a range of new technologies that could allow them to significantly redesign processes by removing work and cost. This oversight represents a significant missed opportunity for executives and the companies they lead, because these technologies support zero-based redesign in several important ways. This allows executives to make better predictions and sometimes redesign processes and entire businesses. During the early stages of a zero-based redesign, teams should identify the best opportunities, looking for pain points where costs can be removed. When applied in the early stages of a zero-based redesign, these technologies can deliver tremendous change by reducing costs, improving efficiency and raising productivity.

Source: Forbes September 28, 2017 13:44 UTC