HYDERABAD, India, July 7, 2018
Discusses Impact of Technology and Digitization on Accounting and Business
From July 6-14, Dennis Whitney, CMA, CFM, CAE, senior vice president at IMA® (Institute of Management Accountants) will be traveling to Hyderabad, Bangalore, Cochin, Mumbai, and Delhi to meet India’s finance leaders and management accounting professionals and discuss the impact of technology and digitization on accounting and business.
“The role of the finance team is expanding, with growing responsibilities in both operations and strategy. Artificial intelligence (AI) – or what I prefer to call augmented intelligence – is here and here to stay. Both companies and individual management accountants need to raise their level of competence and develop new skills,” explains Whitney who has overall responsibility for the CMA® (Certified Management Accountant) Program, IMA’s globally recognized advanced-level credential for accountants and financial professionals in business.
Whitney will travel across India to discuss how technology is changing the nature of the management accounting job functions; define and identify ways that data analytics can create competitive advantage; explain data governance, data mining, predictive modeling, and data visualization and help management accountants understand why they need to build skills such as data analytics for career success.
“It could become too easy to assume whatever the “robot” says is right and must be right which could be a dangerous assumption. Accountants should pursue soft skills training in order to make good business and societal decisions. As a “data translator” – being the bridge between the data scientist and top management – management accountants will require strong communication skills, critical thinking, professional skepticism, and ethical decision-making skills,” Whitney concludes.
