This document summarizes key takeaways from the Outlook 2016 State & Local Market Forecast. The main topics discussed were creating public-private partnerships to gain expertise and stay up to date on technology, monitoring the economic landscape to better plan operations, and breaking down barriers between government agencies through integrated systems and data sharing. Technology was a common theme in helping address these challenges more efficiently.
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. ? ? ?
This year's conversations focused
on a common thread:
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. 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. 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. 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. 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. 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. 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. 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.