The finance industry is undergoing significant changes, and cutting-edge solutions are playing a crucial role in this process. Self-service options, changes in finance cycles, and advancements in enterprise resource planning (ERP) are all areas that could be transformed by these technologies. However, the specific impact of these technologies will vary for each organization and its leaders. While forward-thinking can lead to new opportunities, there is also room for skepticism regarding the technology’s limitations, return on investment, and ethical concerns such as equity, bias, plagiarism, intellectual property theft, and socioeconomic challenges. These issues add to the already existing concerns that Finance leaders must address, making it a complex landscape to navigate.
It is easy to fall prey to inertia and resist embracing new technologies in the midst of all these changes. To help organizations navigate this evolving landscape, we have created a practical guide to the technologies that are likely to disrupt the finance industry in the coming years. This guide will provide insight on what you need to know, potential risks to be aware of, and where to direct your focus. It is important for Finance leaders to keep an open mind and be willing to adapt to the rapidly changing technological landscape in Finance. By doing so, they can take advantage of new opportunities while minimizing potential risks and ethical concerns.
