PwC estimates that 45% of workforce tasks can be automated which could save an estimated $2 trillion in global workforce costs
In this digital revolution, executives driving a thoughtful innovation investment strategy have their work cut out for them. They must control and monitor a complex technology environment comprised of powerful applications, interfaces and processes that are increasingly being automated. Consequently, questions on how to manage the inherent risk in technology and automation are now at the forefront for executives from risk officers, compliance officers and controller groups to privacy officers and internal and external auditors. Properly leveraging automation holds vast potential to increase efficiency, expand risk and controls coverage and deliver undiscovered value.
Robotic Process Automation: Opportunity and responsibility for internal audit
Identifying the right automation tool, or combination of, in governance, risk management, compliance and security, depends on the needs of your organization. There are five key ways PwC is helping organizations effectively leverage automation in these areas as they move to a digital platform for the future: