Preparing for a wave of new digital technologies
Advances in technology are fuelling global competition and driving the evolution of radical new business models. Consumers are better informed and empowered. Operating margins are getting tighter and business survival rates are shortening.
We’re constantly reading and hearing about a wave of new digital technologies that threaten yet more disruption. It’s widely predicted that new business models based on cognitive technologies are set to overwhelm incumbents in many sectors.
… new business models based on cognitive technologies are set to overwhelm incumbents in many sectors.
Of course, there will be new opportunities too. But many people are concerned that these automating technologies could make lots of people’s skills obsolete and redundant.
Management accountants are disciplined, rational and measured, and ensure that an enterprise is managed for all its stakeholders.
They often don’t risk backing the wrong horse or using new technologies before they’re proven. So naturally, they are vigilant of exaggeration and hype–but they don’t want to be behind the leading edge.
Fig.1 CGMA report, ‘Re-inventing Finance for a Digital World’
The adoption curve shows that process robotics is the next big thing you should consider.
That’s because cloud computing is well-established, while advanced analytics and visualisation are already being used by the early majority. In-memory computing and cognitive computing (artificial intelligence, machine learning and natural language processing) are at the early adopter stage, but are still behind process Robotics.
And blockchain is only used by innovators, mostly still at the proof of concept stage.
Process robotics is now at the inflection point of the early adopter stage. And it is the next big thing you should consider.
The adoption curve shows that Process Robotics is the next big thing you should consider.
