WELKOM - Nederlandse Beroepsorganisatie van Accountants · Michiel van Veen en Lars Jacobs, KPMG...
Transcript of WELKOM - Nederlandse Beroepsorganisatie van Accountants · Michiel van Veen en Lars Jacobs, KPMG...
Programma:
13.30 uur Emerging Technologies
Arjan ten Cate en Sem de Spa, Deloitte Risk Advisory
15.00 uur Pauze
15.30 uur Cyber Security
Michiel van Veen en Lars Jacobs, KPMG Advisory
17.00 uur Afronding en aansluitend borrel
© 2017 Deloitte The Netherlands
It is not the strongest or the most intelligent who will
survive, but those who can best manage change
- Charles Darwin -
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Question?
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How fast do you believe that digital technologies will disrupt your industry?
A) The coming two years
B) Within 5 years from now
C) Within 10 years from now
D) Longer
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The majority of companies expect major disruption, but most of them are not able to respond adequately
Question?
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87% of executives (according to MIT) believe digital technologies will disrupt their industry
44% feel their organizations are adequately prepared for disruptions projected to occur in their industry
Source: MIT Sloan & Deloitte University Press, Management Review 2016 Fifth annual global survey amongst 3700 Executives, Managers and analysts
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This is 1999
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Technology eras and the exponential increase of technological development
Change will never be this slow again
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1970TECHNOLOGYCORE
• Mainframes• Distributed
terminals• Core computing
1980TECHNOLOGYENABLEMENT
• Office computing
• Mini-computers• Word processing• Spreadsheets• Home
computing
1990TECHNOLOGYCOLLABORATION
• PC revolution• Network
computing• Email• Relational
databases• Client-server
applications
2000TECHNOLOGYENGAGEMENT
• Internet revolution
• Browser wars• Customer
engagement• Intranet
applications• Broadband
2010DIGITAL
• Mobile• Cloud
computing• Big data –
analytics• Social media• Wearables
2020EXPONENTIAL
• Artificial intelligence
• Internet of Things• Blockchain• AR & VR• 3d printing /
manufacturing• Social robotics
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Reduction in technology costs will only lead to even faster adoption by companies and customers
Change will never be this slow again
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3D printing: $40K (2007) to $299,- (today)
Industrial robots: $500K (2008) to $15K (today)
Drones: $100K (2007) to $700 (today)
Solar (price per KWh): $30 (1984) to $0.16 (today)
Sensors: $20K (2009) to $79,- (today)
Biotech (DNA genome): $100K (2011) to $1K,- (today)
Medicine (body scan): $10K (2000) to $500 (today)
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This is not the future, this is happening now!
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Self driving cars - Tesla Shopping without lines & checkout
Sensors for medical self diagnosis
Peer-to-Peer electricity grids Mixed reality experiences 3D printed houses
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But how will technology impact your business in the upcoming years?
Basic premise - disruption is not going to go away very soon…
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© 2017 Deloitte The Netherlands
Question?
11The future of internal audit
How fast do you believe that digital technologies will disrupt your profession?
A) The coming two years
B) Within 5 years from now
C) Within 10 years from now
D) Longer
© 2017 Deloitte The Netherlands
Redefining risk management, internal control & internal audit
Risk powers performance
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Value protection Value creation
More controls Smarter controls
Zero tolerance Recover and learn
from… to…
PURPOSE
PEOPLE
PROCESS
LEADERSHIP Trying to control the organisation Transparency
© 2017 Deloitte The Netherlands
Exponential technologies and other innovations have begun to transform the traditional audit delivery model
Technology is changing the face of the internal audit profession
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• Different staffing and hiring model
• Different skill-sets and competencies, including data scientists, technology experts, etc.
• Shifting rote work away from humans - greater reliance on exponential technologies
• Crowdsource knowledge, processes, and talent
• Intelligent audit using AI/ cognitive capabilities
• Robotics process automation for mundane repetitive tasks
• Real time and continuous auditing
• Greater reliance on data analytics (e.g., 100% validation of data)
• Focus on providing insights and greater assurance
• Shared services centers (including delivery centers and CoEs) that offer a combination of specialist and administrative support
• Mobile workforce – network of virtual and/or crowd sourced internal auditors to deliver select portions of the work
Who does the internal
audit
Where the internal audit
gets done
How the internal audit
gets done
…impacting who, where, and how the audit is done
© 2017 Deloitte The Netherlands
Technology is changing the face of the internal audit profession
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The ability of internal audit departments to adapt in the coming decade will be the biggest factor between success and failure
Blockchain introduces a novel way of recording and auditing transactions, which could render the traditional auditor irrelevant.
Use analytics to check client data for anomalies. Prescriptive analytics is the latest trend, where software is able to also suggest the best course of action.
Blockchain
Cognitive computing, AI and robotics
Big data, audit analytics and IoT
Crowdsourcing
Drones, wearables & 3D printing
AI/ML to to assist the auditor with smart working papers, predictive risk assessments & cognitive search, thereby reducing human effort.
Explore the use of drones (in combination with video analytics) and wearables in inventory validation and fixed asset auditing.
Crowdsourcing models can help to leverage talent for internal audit engagements, for example by setting up an internal crowdsourcing portal.
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Solutions that are available today
For Internal Audit and Risk Management organizations
Semantic Text MiningAnalytics App StoreProject Analytics
Audit Analytics as a Service Continuous Control Monitoring Process Analytics
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Contact us
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Arjan ten CateDirector Deloitte Risk Advisory – Strategic & Reputation [email protected] - 1234 2901
Sem de SpaSenior Manager Deloitte Risk Advisory – Data & Risk Analytics [email protected] - 1234 2660
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