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In this point of view, we consider how two basic elements—a digital core (what finance needs to obtain value) and digital enablers (how finance can unlock value)—can help finance benefit from digital acceleration. The digital core is the underlying component that allows finance functions to leverage the value of digital technologies. Digital enablers help drive the full potential of digital acceleration with solutions that support enhanced data ingestion, AI, cloud-based enterprise platforms, and advanced insights.
This paper looks at five distinct but connected pillars to elevate finance and turn disruption into opportunity. Our insights here are based on KPMG proprietary data, industry-sponsored focus groups, field research and insights gained directly from numerous KPMG transformation engagements across multiple industries.
Structural shifts are more profound than cyclical shifts, as they upend existing business models. Knowing the trends already underway is a powerful advantage when hedging risk. We look at the top 10 structural changes reshaping the economic landscape today.