Influence of New Technology

New technologies available to R&C companies offer the prospect of improved corporate decisionmaking, greater accountability, and more transparency. The result? Differentiation in the marketplace and better margins.

Second generation business intelligence systems are now helping companies monitor and manage individual transactions while new business integration technologies — beyond enterprise application integration (EAI) — are providing explicit business logic models to handle long-running transactions. Supply chain event management capability and radio frequency tags (RFID) track product delivery to provide a real-time view of operations and improve business transactions between companies. eXtensible Business Reporting Language (XBRL) and web-oriented XML are helping to better integrate financial reporting, create greater reporting transparency, and improve communication with investors. In so doing, XBRL can help to boost stock value by eliminating information gaps and better managing investor expectations.

How PwC can help you

PwC helps clients use technology to provide and enhance information access and boost business process efficiencies. Our services include strategic information systems planning, package selection, privacy and data security, system integration, business process reengineering and other services to sustain and provide operational resiliency.