Digital Transformation is molding every aspect of modern life, from our homes and personal experiences to where and how we work. Many organizations are going through digital transformation by implementing new technologies and processes to make the business more efficient and to keep up with the needs of an increasingly digital workplace.
Be it farming or electricity production, humanity has come a long way. Farming; a longer way, for sure. But when the idea surfaced that farming and electricity production may be combined, that it is possible to cultivate
The Quantum Leap Paradigm (QLP) is a cycle which has three process-entities. It starts with the dismantling of silos which leads to disruption. Post disruption, super-convergence happens; the convergence of previously non-linkable ecosystems in one place. This leads to Quantum Leap wherein many decades of advancement gets packed into mere years.
It is a well-documented fact that C-suite Executives, Internal Auditors and Risk Analysts are finding the heightened pace of digitalization challenging to cope with. And those who are not adept at auxiliary IT and augmented analytics skills may find it difficult to extract data and interact with new-age audit and analytics systems for the proper execution of their functions. (The analytics maturity of Audit Services organizations is a key indicator in this regard. Only 11% of the organizations surveyed had a degree of maturity as per one Deloitte survey.)
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