The Digital Revolution

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I was recently reading the ‘Acuity’ Magazine which is the Australian and New Zealand Institute of Chartered Accountants magazine and there was an there was a reference to recent survey highlighting how important the digital revolution will be over the next 12 months to consumer goods and retail companies.

The survey conducted by Consumer Goods Forum and KPMG survey polled nearly 500 C-suite and senior executives globally. Key finding included

  • 54% had digital strategy for mobile/digital platforms top of mind for their businesses over the next 12 months
  • 32% currently see themselves as having weak or no capabilities in these areas
  • 56% cited data analytics as being important to their firm’s strategy, making it the highest strategic area in the survey

 

The reality is that digital disruption is not quarantined to just consumer and retail customers – it is far reaching and will impact (both positive and negative) each and every business.

Even Tony and I are currently looking at how BrentnallsWA deals with this issue in our business space.

Read the full article.

 

 If you have any questions about this article, please contact Chris Mandzufas

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OUR DIRECTORS

Chris Mandzufas

Chris has a diverse range of skills and experience as a result of providing accounting, taxation, advisory board and management consulting services to owners and directors of fast growing businesses.

Chris Smith

Chris Smith has been a member of the Chartered Accountants Australia & New Zealand since 2006, a member of the Tax Institute of Australia since 2013, and a registered Tax Agent since 2018.

Tony Monisse

Tony’s key focus is the integration of strategy and financial management. To this end he has developed tools and process that facilitate this integration, including business modelling, target setting and rolling cash flow forecasts.

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