Over the past year, digital technology has significantly altered the way businesses operate. The accounting industry – among those most at risk from automation – is not immune to this change. The benefits of data analytics include gaining better insight from the massive amount of data belonging to companies, which helps to detect fraudulent incidents and make better predictions to gain opportunities for growth. Chanchai Chaiprasit, partner and clients and market Leader, said businesses need to adjust to important changes, including updates in Thai Financial Reporting Standards as well as potentially more international changes following the impact of the UK’s split from the European Union, and most recently political developments in the US. “In the mid to long term, there is the potential for a significant impact on many businesses across industries.

Source: The Nation Bangkok November 28, 2016 18:02 UTC