DIGITAL TRANSFORMATION
From AI and RPA to advanced data analytics , digital transformation in the corporate finance secto is poised to reach maturity
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There ’ s no denying it : we ’ re in the midst of a digital revolution . From remote telemedicine to blockchain apps that stop blood diamond smugglers , and artificial intelligence ( AI ) that verifies the freshness of high-grade tuna , nearly every aspect of our lives is becoming more and more saturated with technology . Digital transformation is affecting every vertical in every market across the globe . While some industries have moved faster than others , each transformation has followed an inflection point : the technologies required to power significant transformation reach a level of maturity and availability that allows for change . The companies that are able to embrace these technologies and successfully use them to drive their operational and digital transformations will gain a critical advantage over their peers .
“ The technologies needed to reimagine finance are here and they will only get better ,” observes a recent report by global consultancy and accounting firm Deloitte . " Plus , we can learn a lot from other business functions . Modern factories give us a
AUGUST 2020