Tag: automation

Every year people make promises to themselves in the form of new year’s resolutions, and the happiest and most successful people are those who have managed to turn a promise to improve themselves into a sustainable habit.

Regulatory reporting has grown in profile over the last number of years, with more budget and more employees dedicated to compliance activities than ever before. Having been involved in the compliance space for more than a decade in some form or another, we have identified key compliance characteristics and trends in the majority of South African (and African) financial institutions.

As we progress further into Industry 4.0, finance needs to further leverage new technologies to add real value to a business’s bottom-line, yet it remains in its infancy stages. Industry 4.0 has impacted a range of industries, and with the digitisation of industrial value chains, many forget about finance, which has only touched the tip of the iceberg when it comes to leveraging new technologies.

There is a technology that is disrupting the workplace, it’s called Robotic Process Automation (RPA). Using software ‘robots’ to mimic repetitive human interactions with computers, this technology can do these tasks much faster, without any rest and no errors that human are prone to making.

As exponential technologies are more widely adopted across the globe, we’ll see professions transform. Some will be disrupted entirely due to advancements in automation, mechanisation and robotics, but this will also create space for new technology-enabled job opportunities that we cannot yet imagine.

As the Fourth Industrial Revolution rages on, there needs to be a greater shift towards adopting an interconnected way of thinking if humans are to truly engage and optimise 4IR and beyond.

With South Africa’s GDP growth forecast to be just 0.7% for 2019, most businesses are taking severe strain. To prevail in this difficult economic climate, each business will need to ensure that it is running an efficient operation. Here are some ways that small and medium businesses (SMBs) can reposition themselves to succeed in a downturn economy.

Customer experience is a growing priority for organisations, as it should be as it is becoming the most critical factor for customers selecting your brand over another. As such companies need to implement measures to meet customer expectations and deliver consistent customer experiences at every customer touchpoint.

Big data is seeing organisations becoming more mindful of aligning their data management practices with newer paradigms such as data lakes, elastic and cluster computing, and real-time data. As such, the cloud provides an environment capable of managing the volume and scale required to do so.

Workforce transformation affects all aspects of business and companies must plan for the impact it is having and will continue to have on operations. The evolving business landscape means companies must start thinking now about the skills they need for the future.