Exponential Impact Has Arrived, Act Accordingly
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Rohit Amberker
Director - Royalties and
Content Operations
Microsoft
All research and market studies more or less conclude
- Digital transformation is occurring at a pace never seen before. Technology and digitization is impacting every business from restaurants to grocery stores to cars.
- Jobs are getting disrupted and new job categories are evolving in everything from manufacturing to autonomous cars and trucks to accounting
- Very powerful technologies are emerging such as AI / ML, Robotics, Blockchain and they are already proving to be disruptive
- The impact of all these technologies is exponential. A whole industry can be created or destroyed. Uber created a completely new industry; warehouse robots are completely replacing warehouse jobs.
Realities of today
Digital Transformation:
No matter how you define it, enterprise, business, function, leader and worker all must aggressively transform to be in a position to benefit from artificial intelligence
Cognitive and Process Jobs Disruption:
Enterprise, business, function, leader and worker must
work towards that new paradigm today
Emergence of powerful technologies:
AI/ML, Robotics & Blockchain have already disrupted
the enterprise
Exponential Impact:
Unlike ERP, Cloud & Mobile, AI does not offer iterative change
Studies indicate accountants and auditors have a 93.5% chance of being automated and hype-cycle news remains in full effect:
Digital business create more value and market rewards digital businesses. Unless traditional businesses digitize their operations, they will soon become irrelevant.
Digital Businesses Create More Value
Bots are clearly taking over manufacturing jobs and even with reduction in jobs, the manufacturing output continues to grow significantly. This is due to introduction of bots in the manufacturing industry.
The direction of economic growth
We are focused on process automation, anomaly detection, customer service and leveraging our known and dark data.
Applying Technology to Finance Operations
Automation


~ Bill Gates


New In-Demand Skills for F&A JObs*
- Technology skills such as RPA, POwerBI, Machine Learning. R, etc.
- Customer Obsession and Customer Empathy skills
- Problem solving skills for bot Process and IT
- Process + Logic Reengineering skills
Change in skills demand and composition
The tectonic plates are certainly already shifting. But the solutions have already made themselves apparent:
- The fact that digital businesses create more value can be proven to Senior Management
- Macroeconomic forces already showcase bot vs. carbon-based growth
- There are proven case studies of how and where to make automation work in global corporate enterprise
- The need for jobs of the future has already arrived
- Build your enterprise accordingly