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A survey of 250 senior U.S. finance executives in May – June 2021, in partnership with KPMG, LLP found that priorities include “computing and storage (74%); smart analytics, including data extraction and transformation and data visualization (62%); and artificial intelligence, which includes machine and natural language processing (56%). Most executives expect BPA (43%), process mining technology (42%) and RPA (48%) to be required finance capabilities within two years.” Furthermore, 51% of executives say that blockchain will become an essential internal tool within three to five years, alongside 36% who shared that edge computing will be a priority as well.
Access the full article, “How Advanced Technology is Creating New Possibilities, And Requirements, For Financial Reporting And Audit” from Forbes by clicking here as well as the Forbes Insights Report “Future-Proofed: How Technology is Driving Change in Finance and Audit” by clicking here.
