PwC Nigeria Set to Establish Innovation and Experience Centre

Friday, May 10, 2019  /  06.30PM  /  Ottoabasi Abasiekong for Proshare WebTV / Header Image Credit: Guardian

Price Waterhouse Coopers (PwC) as part of efforts to support enterprise development and technological advancement in Nigeria, is set to launch its Innovation and Experience centre later in the year. 

The Senior Regional Partner of the Audit company , Mr Uyi Akpata, disclosed this recently at the first Accounting Technology Summit hosted by the Institute of Chartered Accountants of Nigeria (ICAN). 

According to Akpata the centre will serve as a hub to encourage entrepreneurs who have innovative ideas that can deepen financial services and also provide other critical services, that can transform the economy. 

It will also serve as a platform for encouraging growth and development of a digital economy in Nigeria. 

The experience centre will be of value to those in the accounting profession seeking to adapt to emerging technologies that will shape the practice. 

Akpata believed with the fourth industrial revolution driven by digital technology, professions like Accounting must either adapt or face extinction.

He listed eight (8) emerging technologies that have the largest cross-industry impact;

• Internet of Things
• Robots
• Augmented Reality
• Drones
• 3D Printing
• Blockchain
• Artificial Intelligence
• Virtual Reality

Also citing the World Economic Forum Future of Jobs 2018 Report, he noted that the entire global job ecosystem will be disrupted and transformed by technology. 

From the WEF report the top 10 emerging roles that will need to be watched by 2022 are the following;

• Data Analytics and Scientists
• AI and Machine Learning Specialists
• General and Operations Managers
• Big Data Specialists
• Digital Transformation Specialists
• Software and Applications Developers and Analysts
• Sales and Marketing Professionals
• New Technology Specialists
• Organizational Development Specialists
• Information Technology Services

He also said that the Accounting profession is adapting to the disruption brought by new technologies, in the following areas;

• Massively investing in emerging technologies
• Deploying new solutions in the Audit space
• Leveraging Data for Business Intelligence
• Adoption of Cloud Computing Services
• Evolving new Business Models
• Reviewing their People strategy
• Acquisition of niche players
• Trainings and Capacity Development 

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