Commenting on the digital revolution, Patrick Thng, SMU Senior Lecturer of Information Systems and Co-Director, Institute of Innovation & Entrepreneurship, predicts that we will witness disruptions in the financial services, accounting and audit sectors within the next five years. He added that Generation C are prolific consumers who will drive intense competition as they pressure the industry and governments to deliver anytime and anywhere information about themselves and unmet social needs with a high dose of security protection. He noted that those wishing to succeed in the digital economy must be prepared to adopt a radically different mindset. “The winners in the new economy will be those that have been positioning themselves to adapt, future-sense and dare-to-experiment mindsets – very few and far in between,” said Mr Thng.
Source
The Business Times