BTG Advisory comments on how the accountancy sector is rising to the new challenges of increased economic uncertainty, heavy regulation and new technology transforming the delivery of professional services.
That changing landscape has shifted not only the kinds of services being offered by professional services firms – increasingly focused on projects to help clients benefit from technology-driven change including cyber, analytics, artificial intelligence, cloud computing, digital, and the Internet of Things (IoT) – but also the way those services are delivered. The onus on firms is to push their technical prowess in an attempt to steal a march on the competition.
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BTG Advisory looks at competition, globalisation, data security, innovative technology, and the challenges of today’s political climate.
Law firms operate in a challenging and unpredictable business environment, facing increased regulatory pressures, the worry of cybersecurity, data breaches, reputation management and political uncertainty, both in the UK – with the implications of Brexit – and globally. The exponential take-up of cutting-edge technology, including artificial intelligence (AI), represents a challenge and an opportunity in terms of market differentiation. The legal services sector is on the move, and the UK is in the vanguard.
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