What is templosion? How is it affecting finance? What role will artificial intelligence, virtual reality, and smart machines play in the future, and what impact will they have on the workforce?
In the second of three episodes on Coffee Break with Game Changers Radio, panelists from Deloitte, LLP; Simplefi; and SAP continued their discussion about how technology is transforming finance. The radio program is presented by SAP and hosted by Bonnie D. Graham (Follow on Twitter: @SAPRadio #SAPRadio). (Listen to the episode.)
The exponential pace of technological innovation is leading to a world of templosion (a term coined by futurist Edie Weiner, author of FutureThink), where very big things happen in increasingly compressed amounts of time. What does it mean for finance?
According to Sam Parikh, managing director, SAP Practice at Deloitte, it means continuous change. “We cannot be complacent after we have done one project, one initiative, or one step towards transformation. It’s a continuous journey, and leaders have to visualize what is coming up next.”http://www.digitalistmag.com/finance/2016/07/21/templosion-technology-future-of-finance-04332134
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