The Future of Finance

It seems that over the last year there has been a lot of talk about the future of finance, especially in the age of the digital revolution.

Just this past month I attended an event hosted by CIMA, the Chartered Institute of Management Accountants, where their President, Andrew Miskin, talked about how the finance function will change in the coming years and in particular how finance professionals will need to adapt in order to remain relevant.

There are a lot of interesting developments and changes happening in the industry currently and on the very near horizon (automation, robots, RPA, AI, etc)…

But in order to ensure these developments don’t become a scary reality finance professionals will need to adapt and re-skill themselves to remain relevant and continue to add value to businesses in the future.

I for one am glad to be a member of a forward thinking organisation such as CIMA that strives to push the profession forward to keep management accounting at the heart of quality decision making because it brings to the fore the most relevant information and analysis to generate and preserve value for organisations.

 

That’s me in the front listening to Andrew Miskin talk about the future of finance at the CIMA event.