Page 63 - CMA Journal (Nov-Dec 2024)
P. 63

Focus Section












              Digital Transformation: AI, Automation &



              Business Evolution




             Soft Digital Capitals Assurances                  ment Software, Procure-
                                                               ment Management
             The extent of pervasiveness would be a key factor in   Systems, Financial
             enabling digital transitions.                     Analysis & Planning
                                                               Tools, HR Management
             Final outputs may be influenced by minor variations in
                                                               Solutions, Bank Account
             velocity, design development test runs, operational
               processes, and debugging assurances.            Modules, Treasury
                                                               Management Software,
             The evolution process would shape the entire infotech   and Inventory Manage-  Khizar Hayat, FCA
             system development cycle, playing multiple roles.  ment Systems.          Deputy Manager Finance
                                                                                       A ock Refinery Limited
             Assurances of digital sophistication would largely   The drive for
                                                               automation will impact real-time data dimensions
             depend on the overall information design, layout, and
                                                               financial maintenance, forecasting/ planning, resource
             integration with operational frameworks.
                                                               replenishment, customer support, and sales efficiencies.
             Reporting Excellencies
             Excellence in reporting revolves around evolving
             information systems trends and the resulting data
             saturation. Dependencies and outcomes can be
             categorized as follows:

             •   I – Input/Output turnaround times will undergo
                 significant changes

             •   M – Memorization and information retention will be
                 reshaped

             •   M – It involves merging physical steps with
                 automated functions such as logic processing, digital
                 calculus, and logarithmic applications
             •   U – Universal coding will evolve for spontaneous and
                 accurate information processing
             •   N –  Numerous data aggregations efficiently
                 managed through cellular transmission and digital
                 wavelengths

             •   E – Emulsifications will be structured by specific
                 demarcations, benchmarks, operational milestones,
                 and defined requirements
             Business automation enhancements will cover multiple
             dimensions, including BI Solutions, CRM, Asset Manage-

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