CHARTERED ACCOUNTANTS EMBRACING DIGITAL DISRUPTION

Digital disruption is a transformation that is caused by emerging digital technologies and business models. Chartered Accountants Worldwide has collated a series of articles and opinion pieces on the topic of Digital Disruption.

Digital disruption is a transformation triggered by emerging digital technologies and resultant new business models. Innovative new technologies and models can impact the value of existing products and services offered in the industry. The term “disruption” is used because new technologies, products, services and even whole new business sectors make re-evaluating the way we do business unavoidable. Some old patterns will have to change, but this can be positive if we embrace it and allow it to contribute to our success.

Trying to stop the wave of new technology is impossible. Disruption is going to happen. However, businesses can embrace it and even plan for it. Keeping up with new technologies and new ways of working that are emerging in your industry means you can get ahead of the game and work with the flow rather than against it. Working with the tide allows you to fulfil the emerging needs of customers, be they businesses or consumers, keeping existing clients happy and opening up new opportunities for your company.

DIGITAL DISRUPTION INSIGHTS

The Governance Framework for AI

If you think artificial intelligence or AI belongs in futuristic movies and science fiction novels, you might want to think again. You would be surprised to know that AI is involved in helping you complete a myriad of tasks, such as filing your income tax on the Inland Revenue Authority of Singapore (IRAS) portal.

Chartered Accountants can play a role in balancing technology and trust in an A.I. powered world

Accountants can play a valuable role to ensure broad public trust in technologies like artificial intelligence. At the same time, accountants also need to upskill to stave off the threat of automation replacing the process-driven parts of their jobs. 

Digitalisation of tax: international perspectives (2019 edition)

Find out how digital technology been utilised by international tax administrators to reduce costs and improve compliance and tax yields, while crucially assessing the future challenges these economies face.