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At a price tag of almost $50 billion per year,[1] retail industry losses due to inventory shrinkage are significant. Measuring inventory shrink is a must because it directly impacts gross profit and businesses cannot improve on what they cannot or do not measure — and inventory is no different.
Measuring shrink is challenging, particularly if inventory processes lack transparency or the…
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A joint team of quantum computing engineers and financial analysts at this industry leader in digital financial services, led by a forward-thinking CIO, knew they wanted to take advantage of quantum computing to solve unique challenges that could not be handled with classical computing alone.
This company sees value in preparing to be “at the ready” when quantum computing machines become…
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As 2023 comes to an end, we're highlighting our top pieces from the past year, including our 2023 Global Finance Trends Survey, focusing on the growing list of priorities for the CFO, as well as the use of data and analytics to drive strategy, and what finance leaders need to know about required ESG reporting. We're also featuring our recently issued flash report on the AI Act, a comprehensive…
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The COVID-19 pandemic has forced businesses to embrace digital technologies. As risks and complexities faced by entities change with the emerging situation, internal audit functions also need to go through a transformation journey and equip themselves with new skills and capabilities.
Some of the key trends affecting the internal audit profession currently are:
Proliferation of data resulting…
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A Whitepaper on how solutions by stc transformed its Cybersecurity program for a sustainable digital future in partnership with Protiviti Member Firm for the Middle East Region.
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The White House recently released a comprehensive national cybersecurity strategy that is sure to have a major impact on government agencies as well as private businesses.
The Biden-Harris Administration has been percolating a comprehensive cybersecurity strategy for some time and in early March released the aptly named “National Cybersecurity Strategy.” The 35-page document was created to help…
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Explore how CFOs prioritise cost optimisation in financial strategies for enhanced revenue and resilience, according to our survey.
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ChatGPT is the talk of the town today. But as we all know, generative AI is much more than this one tool. Gen AI represents a new frontier of promise, productivity and capabilities for organisations around the world. But it also comes with risks that these organisations must understand and manage if they’re going to capitalise successfully on these new technologies.In this episode, we talk all…
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Acute talent shortages across numerous industries underscore the risks emanating from outdated, reactionary approaches to managing people, succession and culture. The question arises, what is the board’s role in forging a 21st-century approach to managing talent?Changing times have led to fleeting employee loyalty, as talented individuals have more options than ever before with greater…
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ChatGPT is the talk of the town today. But as we all know, generative AI is much more than this one tool. Gen AI represents a new frontier of promise, productivity and capabilities for organisations around the world. But it also comes with risks that these organisations must understand and manage if they’re going to capitalise successfully on these new technologies.In this episode, we talk all…
