New sectors are appearing almost overnight and roles that haven’t changed in decades are having to be reimagined due to digitisation. 70% of companies that have digitised more than 25% of their work have seen notable gains from the effort. It comes as no surprise, that 81% of organizations are going through a major redesign.
The role of the finance department, and especially the CFO, will perhaps be the most affected by those changes. Digitisation is revolutionising the data processes once handled entirely by finance teams, whether in the form of business-process automation, cloud computing, data visualization, or advanced analytics. There is no turning back to a world of book-keeping and paper forms.
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