Where once the role of the finance function was predominantly that of a reporting function that focused on balancing the books, it will become a data-driven decision-centre. Technology in the digital age, including Cloud, AI, and Blockchain, will play an increasingly significant role in executing many traditional finance tasks while at the same time generating greater insight.
As the finance function embraces analytics and the algorithms that underpin them, it will blur the boundaries between the world of the data scientist and the management accountant.