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3 takeaways from Outlook 2016 State & Local Market Forecast

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Every year, the preeminent market forecast event for state and local government is Outlook. Here are the 3 biggest takeaways from the event.

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3 takeaways from Outlook 2016 State & Local Market Forecast

  1. 1. 3 takeaways from Outlook 2016 State & Local Market Forecast
  2. 2. Every year, the preeminent market forecast event for state and local government is Outlook. If you're searching for ways to improve your annual planning process, look no further.
  3. 3. ? ? ? This year's conversations focused on a common thread:
  4. 4. This year's conversations focused on a common thread: TECHNOLOGY
  5. 5. Take the time to create and nurture lasting private-public partnerships—you'll both benefit from the relationship. KEY TAKEAWAY 1 What's in it for you? Private sector organizations are experts in their specialized fields and can provide efficient feedback and support for your own similar process challenges.
  6. 6. What else is in it for you? You'll stay up to speed on the latest productivity technology and IT advancements. Private firms invest millions of dollars in IT and technology. You'll be able gain a sense of short-term and long-term impacts the technology has on productivity and budget. This includes potential training opportunities around technology implementations. Take the time to create and nurture lasting private-public partnerships—you'll both benefit from the relationship. KEY TAKEAWAY 1
  7. 7. Keep up with the current economic state—you'll navigate and adjust operations faster and with more purpose. KEY TAKEAWAY 2 How can you find the time? It's essential that government teams monitor the ever-changing economic landscape in order to provide more analysis to its entity. In order to find the time for this, start by cutting time spent on manual steps in your current processes.
  8. 8. Keep up with the current economic state—you'll navigate and adjust operations faster and with more purpose. KEY TAKEAWAY 2 What's in it for you? The state of growth for local governments has fallen off in recent years, which means local agencies have to reallocate resources to get the same work done.
  9. 9. Keep up with the current economic state—you'll navigate and adjust operations faster and with more purpose. KEY TAKEAWAY 2 What else is in it for you? Finding ways to automate the data aggregation process frees up the limited time of financial professionals to more carefully analyze the financial data and take on emerging challenges such as new pension liability standards.
  10. 10. Break down barriers—your hard work will pay off, and you and your team will see dramatic increases in efficiency. KEY TAKEAWAY 3 The situation An antiquated set of non-complimentary processes and data systems makes it difficult to work across levels of government to secure funding. It's especially painful in election years when predicting available funds is much more difficult in an uncertain environment. 1 A 2 B 3 C
  11. 11. Break down barriers—your hard work will pay off, and you and your team will see dramatic increases in efficiency. KEY TAKEAWAY 3 What's in it for you? Overcoming these processes and systems is necessary to be more effective in overall operations costs and efficiency. Investing in platforms that allow different agencies to easily share data is a viable first step in the process of connecting agencies and sharing information. 1 2 B 3 A C
  12. 12. Outlook 2016 State & Local Market Forecast Summary All of these subjects are complex and will require targeted efforts from all levels of government to address. With the support of emerging technologies, agencies will be able to address new challenges with efficiency. See how Wdesk can help government agencies stay ahead of these and many other challenges.

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