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A collection of Protiviti blogs. 

Blogs

June 19, 2024

Leveraging AI in finance – Move from theory to practice

Finance leaders are actively prioritising practical AI use cases that deliver near- and long-term value. And the reason is simple: the benefits of deploying AI to strengthen specific activities are proving to be well worth the investment.
By 2025, core banking workload deployment on cloud is expected to be 14% of total IT spend.Banks are grappling with outdated applications; data is siloed and trapped within legacy systems and not accessible for customer insights and tailored experiences and services.Regulatory changes in Australia, the UK and U.S., in GDPR and APRA standards for data privacy and operational resiliency, are also impacting the…
Technical debt consumes nearly one-third of technology budgets and more than one-fifth of technology professionals’ time; 70% of CIOs and technology leaders view technical debt as a major drag on their organisation’s ability to innovate.
Janna Anderson, professor of communications and director of the Imagining the Internet Center at Elon University, is the lead author of the report The Metaverse in 2040, published in partnership with Pew Research. She is a senior contract researcher for Pew and co-leads the center’s 19-year series of reports outlining experts’ predictions for the most likely future of digital life. The full report, released in late…
Nina Jane Patel, Bloomberg's technology columnist, recently entered the metaverse environment Horizon Venues, a newly launched virtual-reality social platform, to have a look for herself. She found the virtual, extended, augmented and mixed reality, along with other Web 3.0 tools, engaging but also a little too real. She unfortunately experienced some “creepy” encounters that included groping, being surrounded by…
For security teams looking to implement and design smart contracts, there are many intricacies and nuances that can be overwhelming. Using established standards for the secure development of smart contracts/decentralised applications (dApps) is instrumental to effectively launch smart contracts. In an earlier blog, I introduced the basics of smart contracts; today, I’m diving into existing standards and how to…
Financial reports released by the world’s largest mobile carriers in the first quarter show significant growth in fixed wireless access (FWA) customers – the clearest signal yet that 5G, which allows homes and businesses to connect to the internet through radio frequencies instead of cables, is gaining serious momentum.
The most important use of any risk assessment tool is that it must contribute to better decision making on how to manage individual risks. Whether that is treating and reducing risk, or accepting that risk exists, risk management activities must ultimately help management make better decisions. Executives and risk management leaders, though, are increasingly faced with risk decisions they have imperfect information…
The ISSB has released the first sustainability disclosure standards. They’re voluntary, but wide adoption is expected among IFRS reporters around the globe.The standards focus on climate disclosures, targets and metrics, initially through ISSB S2.IFRS reporters will benefit from complying with any applicable European Sustainability Reporting Standards first because of their more comprehensive scope.
In today’s fast-paced business landscape, organisations rely heavily on robust enterprise resource planning (ERP) systems like Microsoft Dynamics 365 Finance and Supply Chain Management to streamline operations and drive growth. However, granting unrestricted access to sensitive financial and operational data can pose security risks and compromise data integrity. That’s where read-only roles come into play,…
What’s behind the best data and analytics strategies? Simply stated, it’s the capabilities that allow companies to generate forward-looking insights to proactively drive critical business decisions and propel the business forward to meet strategic goals. Many organisations rely on data scientists who apply their algorithmic magic behind the scenes and ascertain insights from large volumes of unstructured…
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