Opinion — grow your business
The future of accountants, accountancy and data analytics
Posted by Philip Wong on
Digital disruption due to new and emerging 21st century technologies has resulted in growing volumes of data, transforming how we do business today, and accountants and finance professionals need to keep pace with these changes [1]. Historically, it was easier when accountants worked with structured legacy and ERP databases; to apply transactional, variance, ratio and trend analysis to determine financial performance and make business predictions [2]. The recent growth of digital data has added new types of semi-structured and unstructured data [2]; for example, Internet usage clicks IoT sensor data. Some of this data is so large they cannot be...
A Business Strategy is a Guide to Business Success
Posted by Philip Wong on
11 reasons why small businesses fail. (1) Not understanding profits (profits never materialize to the extent necessary to sustain an on-going company); (2) inadequate cash reserves; (3) failure to define and understand your market, your customers, and your customers’ buying habits; (4) failure to price your product or service correctly. Read More
What is a digital business strategy?
Posted by Philip Wong on
New and emerging digital technologies allow businesses to create new value in customer experiences and the internal capabilities that support its core operations. If there is any time to do this - the time is now