Opinion — grow your business

The future of accountants, accountancy and data analytics

Posted by Philip Wong on

The future of accountants, accountancy and data analytics

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...

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A Business Strategy is a Guide to Business Success

Posted by Philip Wong on

A Business Strategy is a Guide to Business Success
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

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What is a digital business strategy?

Posted by Philip Wong on

What is a digital business strategy?

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

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