An interviewee from a leading technology company commented that digitalisation is more revolutionary than the digitisation and seeks to add value to the enterprise. It includes the use of technologies such as smart devices to capture data. It is more proactive and forward-looking in the advice and insight that it offers. It can represent a revolutionary change to the business. Transforming team processes The decision-making lies with the CEO and is broader than one function, but CFOs feel they need to transform their own team processes (collaborating across business to transform end to end) before leading wider non-finance change. It is not just about emerging technologies but is about substantial business change, people change. How organisations use data to personalise contact with their customers and stakeholders. For them, if businesses want to change then they need to be more data-enabled and digital. The Generation CFO Bootcamp is hosting talks on the related subjects of transformation and psychological safety, what the digital finance function is, and the fundamental of finance process transformation. Sign up here. Source: Argent, Sood (2021)
The post What do we mean by ‘digitalisation’? appeared first on Generation CFO GENCFO.
By: Christopher Argent
Title: What do we mean by ‘digitalisation’?
Sourced From: generationcfo.com/what-do-we-mean-by-digitalisation/
Published Date: Wed, 15 Sep 2021 13:03:16 +0000
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