Author
Kannan is Founder & Director, Avaali Solutions
The Fourth Industrial Revolution characterized by a combination of physical and advanced digital technologies such as internet of things, Artificial Intelligence, Intelligent Robots, ubiquitous, mobile supercomputing, Information Management and Analytics, has a huge impact across industries.
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Technologies such as Internet of Things, Machine Learning, Artificial Intelligence and Information Management are driving significant productivity increases.
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While 2018 looks exciting for the possibilities with technology, the momentum also depends on government regulations, cyber security and other economic factors to determine how much enterprises will invest and place their bets.
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Successful talent of the future is going to be highly entrepreneurial, self-driven with a fierce sense of commitment to excel in the pursuit of unselfish goals. Enterprises will need to significantly step-up to get the best of their high potentials by creating a culture of learning and collaboration.
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Blockchain has been in the radar largely in the financial services space with Bitcoin. However, in the past few years, this technology has started seeing some waves in enterprises, to influence business process agility and governance.
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Global Business Services (GBS) is emerging to be a strategic priority for any large enterprise integrating governance, business practices and locations for shared services as well as outsourced functions.
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The job of the finance function has seen tremendous transformations in the last five years. From a keeper of books, it has more evolved towards being a business partner, delivering insights and driving key strategic decisions. The immensely changing regulatory requirements make this function even more challenging, what with the finance function being torch bearers for good governance and incorporate financial discipline. This article from Illuminar, discusses process improvement opportunities in finance processes.
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