1st Monthly Column on Digital Transformation The Management Accountant September 2019

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1st Monthly Column on Digital Transformation The Management Accountant September 2019

Overwhelming speed and ‘innoventive’ quality of technological developments are boldly disrupting corporates across industry sectors, touching lives of common people, and transforming their way of living life. Technologies like Blockchain, are expected to bring in foundational changes in a nation’s economic and societal ecosystem.

Remaining abreast of such developments is an imperative for every professional. This will help enduring with relevance and gain ‘stragility’ for contributing for attainment of competitive advantages.

This monthly column is an initiative of the Directorates

of Journal & Publications and Advanced Studies of our Institute. Predominant objective is to share what all are happening in digital transformations both in India and abroad. The present author will make efforts to conduct extensive research for sharing his own views and inputs on the latest happenings, new use cases, initiatives of sovereign nations and multilateral agencies, etc. It is very difficult to restrain from writing about all but have to restrain by sharing only some major developments in recent past.

Digital Transformations

In following sections certain recent developments have been covered. Readers may visit www.icmai-rnj.  in for webliogrphical references and get full inputs as available.

Artificial Intelligence:

It is amazing to note how much friendly a technology AI is emerging to help people in quest for solving problems for society. Here is a story of a lady. She is using radiology in a hospital of Bhubaneswar to identify tiny bulges in human stomachs which are

potentially cancer prone. She is not a doctor. Her effort is for teaching artificial intelligence to a machine that can help accurate diagnosis by a doctor.

Versatility of AI is transcending all areas of solution building. The most encouraging is that AI is emerging as a friend of all for keeping cyber criminals away. It is also acquiring self-propelling energies. More and more corporates, who were observing peers attaining competitive advantage using digital technologies, now plunging into the act of digital transformation, particularly using AI with IoTs and Blockchain. Learn more  from pdf >>>>>>