A recent Grant Thornton survey of over 300 senior executives found that 89% believe the CFO of the future will require much stronger data analytics skills – and fully 75% plan to upgrade their personal data analytics skills in the coming year.
In Part 1 of this article, we examined the importance of speed, flexibility, and successful adaptation in the current business climate.
In the natural world, the big winners are not always the strongest or fastest, but rather the ones that are best at adapting to changes in their environment. The business world follows similar rules – and its current environment is changing more rapidly than at any time in history, thanks to the digital revolution.
For the average large Thai organisation included in the study, just $0.7 million was lost through the direct result of attacks. Indirect effects accounted for $6.7 million of the lost money, while induced losses accounted for the remaining $5.3 million.
Whether it’s robotics, artificial intelligence or the cloud, advances in technology present a golden opportunity for the finance function. But what’s the best way to maximise potential gains: an enterprise-wide solution, or a more targeted approach?
The vision for Thailand 4.0 is certainly ambitious, and is extremely well adapted to the digital economic stage that the world is now entering. But is that vision also well adapted to Thailand itself? Can this moderately advanced Southeast Asian nation handle the weight of its own development plan?
The global demand for Robotic Process Automation is rapidly increasing as businesses seek to harness enterprise technology to streamline processes and increase productivity.
A thought leadership, article and research from our experts to help empower your business strategy.
After deciding on a vision, there are two main barriers that generally prevent companies from following through on their initial ideas: Money, and expertise.
The reluctance is understandable. Your business has showed good signs of health for years (or decades), in large part because you’ve concentrated on creating value in the field you know best. Within a short span of time, you’ve begun to hear plenty of talk about the need for businesses to transform themselves for entry into the digital world.
Many organisations have placed tremendous efforts in implementing a new ERP system or improving their current system. They correctly believed that the ERP system would bring lots of advantages to their organisation, such as process efficiency improvements, benefits of a single database, and data analytics capabilities for corporate strategy.
Automating and optimising your supply chain can help save money and facilitate growth. So could it work for your business?