The DIGITAL Change your company needs

The DIGITAL Change your company needs

Digital transformation — the use of technology to radically improve performance or reach of companies — is a hot topic for companies across the globe. Executives in all industries are using digital advances such as analytics, mobility, social media and smart embedded devices as well as improving their use of traditional technologies such as ERP to change customer relationships, internal processes and value propositions. Other executives, seeing how fast digital technology disrupted media industries in the past decade, know they need to pay attention to changes in their industries now.
Digital transformation — the use of technology to radically improve performance or reach of companies — is a hot topic for companies across the globe. Executives in all industries are using digital advances such as analytics, mobility, social media and smart embedded devices as well as improving their use of traditional technologies such as ERP to change customer relationships, internal processes and value propositions. Other executives, seeing how fast digital technology disrupted media industries in the past decade, know they need to pay attention to changes in their industries now.

Five simple steps to digital transformation

Five simple steps to digital transformation

1
Design new experiences and business models
2
Develop a culture of digital DNA
3
Apply new technologies to existing infrastructure
4
Move from gut to data driven decisions
5
Co-create and co-innovate with new partners

How advanced technologies are impacting financial reporting and auditing

Of respondents rate their organization’s use of new technologies as “advanced;” however, given how few organizations use technologies like robotics (38%) nd natural language processing (35%), there is a clear disconnect between how companies self-assess and what their companies are doing in reality

70%

Of executives say advanced technology will be a “must-have” for their organization in three to five years

53%

77%

Of executives say their finance team is using predictive analytics and 75% are using workflow automation

Report they are concerned about unauthorized use of data

36%

89%

Report using the cloud for financial reporting

Cite increased data reliability, predictability and accuracy as the main benefits of advanced technology

18%

99%

Of executives believe advanced technology can enhance the external audit

0%

100%

How advanced technologies are impacting financial reporting and auditing

18%

Cite increased data reliability, predictability and accuracy as the main benefits of advanced technology

36%

Report they are concerned about unauthorized use of data

53%

Of executives say advanced technology will be a “must-have” for their organization in three to five years

70%

Of respondents rate their organization’s use of new technologies as “advanced;” however, given how few organizations use technologies like robotics (38%) nd natural language processing (35%), there is a clear disconnect between how companies self-assess and what their companies are doing in reality

77%

Of executives say their finance team is using predictive analytics and 75% are using workflow automation

89%

Report using the cloud for financial reporting

99%

Of executives believe advanced technology can enhance the external audit

100%