Digital transformation - Home | ACCA Global...What’s driving digital transformation in...

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Digital transformation: Accountants in the digital public sector ACCA International Public Sector Conference 2018 1 - 2 March 2018

Transcript of Digital transformation - Home | ACCA Global...What’s driving digital transformation in...

Page 1: Digital transformation - Home | ACCA Global...What’s driving digital transformation in governments? 04 Drive to increase efficiencies, cut costs and improve the quality of public

Digital transformation:Accountants in the digital public sectorACCA International Public Sector Conference 20181 - 2 March 2018

Page 2: Digital transformation - Home | ACCA Global...What’s driving digital transformation in governments? 04 Drive to increase efficiencies, cut costs and improve the quality of public
Page 3: Digital transformation - Home | ACCA Global...What’s driving digital transformation in governments? 04 Drive to increase efficiencies, cut costs and improve the quality of public

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Agenda for today

Digital

Govern

Talent

} Digital transformation} Digital government

} Governance and stewardship

} Digital risk management

} The future of work now} Getting ready for digital

Raymond LeongAdvisory Partner

Dilys BoeyPeople Advisory Services Leader

Benjamin ChiangGovernment & Public Sector Leader

Page 4: Digital transformation - Home | ACCA Global...What’s driving digital transformation in governments? 04 Drive to increase efficiencies, cut costs and improve the quality of public

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Digital disruption and the new economy

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Rate of technology adoption is increasing at an explosive rate

The explosive growth has barely begun

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Digital technologies and social media are changing how governments and citizens engage with one another. As a result, Digital Government is emerging as a powerful tool that can help governments provide better public services to citizens and businesses.

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Internet users worldwide by 2020,

constituting 55% of the total population

4.2bnUnique mobile

subscribers worldwide in

2020

5.7bnMobile internet penetration in 2020. Mobile data traffic to grow at a CAGR of 47%

over the same period

60%

What’s driving digital transformation in governments?

01Internet and smartphone penetration is growing at an unprecedented rate

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The state of Singapore’s digital landscape

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What’s driving digital transformation in governments?

02Technology innovation and advancements

Artificial intelligence (AI)

Blockchain

Data analyticsCloud computing

Robotic process automation (RPA)

Internet of things (IoT)

3D printing

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Cities with more than 1 million people by 2030

500Mega cities with

population exceeding 20

million by 2030. Up from 2 today

41World’s population

that will live in urban areas. Up from 50%

today

70%

What’s driving digital transformation in governments?

03Urbanization and stress on city infrastructures

Percentage of older people in developed

countries living in urban areas

80%

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What’s driving digital transformation in governments?

04Drive to increase efficiencies, cut costs and improve the quality of public services

Lack of funding

Increasing demand for better public services

Infrastructure ageing and in need for renewal

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Singapore’s Smart Nation & digital government initiatives

Extracted from: https://www.smartnation.sg/initiatives/

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Unifieddigital

platform

Open Government

DataDigital trust

Data interoperability across Ministries and agencies

Digital identification mechanism

Digital messaging /mailbox

e-Payments platform

Data privacy and protection

Information and cybersecurityOpen data

Sensors & Infrastructure

Digital Government

Digital government transformation

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... but also risks that need managing

Enabling►Collaboration and sharing

►Learning and co-creation

►Collective action

►Safeguarding digital identity and ensuring integrity

►Managing data privacy and security

►Maximizing citizen consent

►Preventing cyber-attacks

►Enabling citizen engagement

►Maintaining citizen trust through capability and intent

►Protecting intellectual property

Enabling deeper, more relevant insights►New data sources

►Greater quantities

►Timely availability

Redefining process through►Mobile and social

►Sense, monitor and measure

►Internet of things/connected devices

Empowering citizens►Personalization

►Virtualization

►Automation and self-service

►Digital processes

Prot

ect

Gro

w a

nd im

prov

e

Citizen

Delivering more efficient services through digital innovation

Richer, diverse networks

Increased ability to manage big data

Greater connectivity

Increased flexibility and agility