The Role of Professional Services in Developing Digital Economies
A key driver of regional growth will come from the rise of e-commerce and the digital economy. Businesses that want to seize opportunities from this growth can move faster and more securely by using not only internal know-how but independent external professional business and advisory services provided by consultants and experts (including professional accountants). ACCA has published a research report, supported by the SAC (Singapore Accountancy Commission), which examined market demand for these services in Singapore, the ASEAN region and China for the next 3 years and beyond. It highlights the most demanded professional services, based on corporate budgets; and provides advice on how consultancies, including SMPs (Small and medium-sized (accounting) practices), can enhance their service delivery. It also provides feedback to businesses on areas where other businesses, including their competitors, are leveraging on external advice to give them a competitive edge. This presentation segment will provide key highlights of this report; against the backdrop of digital transformations that are taking place in many enterprises.