Recent TRG blog posts

Digital Transformation is the mantra of today’s business. The advancement of new technology is leaving companies with 2 choices: disrupting or being disrupted. With this 7-step roadmap to Digital Transformation, you should be able to start the digitalisation journey right away.

Digital Transformation is a lot more than adoption of new technologies. It is about fundamentally changing how an organisation operates. As such, the people and cultural aspects of Digital Transformation cannot be overlooked.

In the previous blog, we have discovered the first two common traits of digital winners. Today we are discussing the remaining two best practices for Digital Transformation.

Despite all the hype about Digital Transformation, most companies are still in the very early phases of digitalisation. According to a 2016 report from analyst firm Forrester, only 11 per cent of companies surveyed are digitally mature.

The very first industrial revolution began sometime in 1760 with the increase in steam power usage, marked the rise of the factory system. Then came the second revolution following the introduction of electricity at the start of the 20th century. The third revolution began with the introduction of automation and information technology into factories. We now welcome the new age with Industry 4.0, the fourth, and certainly not the last, of the industrial revolution.

As Samsung is popular for their reputation of having quality and innovative products, this has put a great pressure on the company to continuously churn out impressive, “never before” products and services, and to continue remaining on top. And one of the most successful solutions is to leverage expertise and technologies from AWS (Amazon Web Services).

The 2017 IT Priorities survey by TechTarget asked more than 1,000 CIOs and other tech leaders in the Asia-Pacific region about their companies’ key IT projects in this year. Data analytics, IT automation, and Internet of Things (IoT) are the top IT priorities for ASEAN companies. Another noteworthy trend is the accelerated adoption of cloud services at the expense of spending on other IT areas like maintenance and human resources.

To cloud, or not to cloud, that is the question. For enterprise applications, “cloud” is no longer a buzzword but increasingly becoming a prominent trend. Businesses can achieve significant advantages over other legacy on-premise solutions, which are locally installed on companies’ servers and computers, with ERP software in the cloud.

By using the most current technology and keeping their skills up to date, management accountants can enhance their careers and their organizations.

In the July 2015 column, the IMA® Technology Solutions & Practices (TS&P) Committee discussed its list of “Key Technology Trends for Management Accountants.” While understanding and tracking the trends is critical, it’s even more important to prepare yourself and your team to identify, analyse, recommend, and implement the technologies that will bring your organization (and your career) to the next level. In a short video on the Competency Crisis website (www.CompetencyCrisis.org), IMA President and CEO Jeff Thompson rallies our profession to meet the challenges of rapid technological and regulatory change and to lead our organizations to this next level as management accountants have always done.