Tag: data literacy

Holding onto spreadsheets and resisting digital transformation creates a barrier to growth. Businesses in every sector share one critical trait - their finance teams sit at the heart of the organisation. However, despite rapid global evolution and increasingly dynamic industries, most finance teams still rely on manual processes and spreadsheet-driven decision-making.

Artificial intelligence (AI) tools are rapidly transforming legal workflows. They now accelerate research, streamline contract analysis and enhance eDiscovery. But while these tools offer impressive speed and pattern recognition, they still cannot replace the strategic judgement, foresight and nuance that define quality legal practice.

Most businesses understand the competitive advantages of investing in a comprehensive data analytics solution. Yet not all of them enjoy a full return on their investment. This is because, once a preferred solution has been implemented, extracting the most value from a business intelligence (BI) tool requires comprehensive user adoption and engagement.

Artificial Intelligence (AI) is revolutionising industries across the world. In doing so, the role of the data specialist within organisations is changing. The use of AI in data-driven roles is accelerating. These professionals must enhance their skill sets to stay relevant.

If a business wants to become truly data-driven, then its employees need to be equipped to understand and work with data as well as have meaningful conversations around that data. In short, they need to be data literate.

By 2030, Bloomberg expects artificial intelligence (AI) will account for as much as $15.7 trillion of the world economy. Of that figure, an estimated $6.6 trillion will come from businesses’ ability to be more efficient via automation and freeing their workforces to work on other tasks.

We have begun thinking differently about what accountancy is and needs to be in a world marked by advanced technological capabilities and extreme socio-economic conditions.