Invloed technologische ontwikkleingen op kleine IAF s. 12 oktober 2017 WELKOM

Transcription

1 Invloed technologische ontwikkleingen op kleine IAF s 12 oktober 2017 WELKOM

2 Programma: uur Emerging Technologies Arjan ten Cate en Sem de Spa, Deloitte Risk Advisory uur Pauze uur Cyber Security Michiel van Veen en Lars Jacobs, KPMG Advisory uur Afronding en aansluitend borrel

3 NBA LIO - IIA 12 oktober

4 It is not the strongest or the most intelligent who will survive, but those who can best manage change - Charles Darwin -

5 Question? 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 4

6 Question? The majority of companies expect major disruption, but most of them are not able to respond adequately 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 5

7 This is

8 Change will never be this slow again Technology eras and the exponential increase of technological development 1970 TECHNOLOGY CORE 1980 TECHNOLOGY ENABLEMENT 1990 TECHNOLOGY COLLABORATION 2000 TECHNOLOGY ENGAGEMENT 2010 DIGITAL 2020 EXPONENTIAL Mainframes Distributed terminals Core computing Office computing Mini-computers Word processing Spreadsheets Home computing PC revolution Network computing Relational databases Client-server applications Internet revolution Browser wars Customer engagement Intranet applications Broadband Mobile Cloud computing Big data analytics Social media Wearables Artificial intelligence Internet of Things Blockchain AR & VR 3d printing / manufacturing Social robotics 7

9 Change will never be this slow again Reduction in technology costs will only lead to even faster adoption by companies and customers 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) 8

10 This is not the future, this is happening now! Self driving cars - Tesla Sensors for medical self diagnosis Shopping without lines & checkout Peer-to-Peer electricity grids Mixed reality experiences 3D printed houses 9

11 Basic premise - disruption is not going to go away very soon But how will technology impact your business in the upcoming years? 10

12 Question? 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 11

13 Demo 12

14 Risk powers performance Redefining risk management, internal control & internal audit from to PURPOSE Value protection Value creation PEOPLE Zero tolerance Recover and learn PROCESS More controls Smarter controls LEADERSHIP Trying to control the organisation Transparency 13

15 Technology is changing the face of the internal audit profession Exponential technologies and other innovations have begun to transform the traditional audit delivery model impacting who, where, and how the audit is done Who does the internal audit 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 Where the internal audit gets done 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 How the internal audit gets done 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 14

16 Technology is changing the face of the internal audit profession The ability of internal audit departments to adapt in the coming decade will be the biggest factor between success and failure Blockchain Blockchain introduces a novel way of recording and auditing transactions, which could render the traditional auditor irrelevant. Cognitive computing, AI and robotics AI/ML to to assist the auditor with smart working papers, predictive risk assessments & cognitive search, thereby reducing human effort. Big data, audit analytics and IoT 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. Crowdsourcing Crowdsourcing models can help to leverage talent for internal audit engagements, for example by setting up an internal crowdsourcing portal. Drones, wearables & 3D printing Explore the use of drones (in combination with video analytics) and wearables in inventory validation and fixed asset auditing. 15

17 Solutions that are available today For Internal Audit and Risk Management organizations Audit Analytics as a Service Continuous Control Monitoring Process Analytics Project Analytics Analytics App Store Semantic Text Mining

18 Contact us Arjan ten Cate Director Deloitte Risk Advisory Strategic & Reputation Risk Sem de Spa Senior Manager Deloitte Risk Advisory Data & Risk Analytics

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