The use of digital tools is necessary

For more than two decades, digitalisation has been influencing our society, accelerating our economy, opening up new business models and new sources of revenue, making our processes more efficient and our daily lives easier.

Yet the resistance has so far been greater than the need to implement long overdue changes. But in 2020, people’s mindsets will have changed in a single stroke. Digital solutions that we thought would only become part of everyday life in the next generation have suddenly become indispensable to getting our daily work done.

In a short space of time, entire teams in companies have been provided with the technical prerequisites for working from home, and it has become socially accepted that working does not necessarily mean being on the company’s premises.

The current crisis has shown us that digital change – simplifying business processes and using digital tools – is both possible and necessary.
Research in 2020 also confirms that companies that have digitised their processes earlier are better placed to survive the crisis. The time for resistance is over, everyone has realised.

We are living in an era of digital transformation, where companies and organisations are investing heavily in new technologies and many are undertaking large-scale digital transformation to radically improve traditional business models and manufacturing processes.

The role of audit professionals is also changing in response to the digital transformation of companies. The increasing amount of data that comes with automation will enable high quality audits to be carried out, allowing quality assurance professionals and auditors to focus more on identifying risks and uncovering new business opportunities. This evolution of auditing will lead to greater interconnectivity and transparency, resulting in greater stakeholder confidence.

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