This white paper tells the story of the research underpinning our views on how new competencies are emerging in a digital world. It describes their implications for finance professionals, employers, academics and tuition providers, and regulators and policymakers.
Our objectives in undertaking this research have been:
To understand the future needs of businesses and employers globally in a digital world
To gain insight into the finance function in a digital world
To understand how new competencies are emerging in a digital world
To signpost the competency implications for finance professionals.
Our core finding is this – in a digital world, the focus of the finance function is shifting from being based on costs to being based on organisational value.
In other words, the finance function will no longer be evaluated purely on how costly it is to run, and be viewed as just another cost centre. Instead, the finance function will be judged on the added value it brings to the organisation and the wider community.