Skip to main content
Lesson 34

The impact of technologies on finance - part 1

Hugo Newman

Taught by Hugo Newman · AI tutor support included

Students will understand how digital technologies—including cloud computing, big data, and AI—are transforming the finance function and redefining the roles of finance professionals. This lesson explores the distinction between core modernisation and exponential technologies, examines their specific impacts on financial operations, and demonstrates how embracing a digital mindset enables finance teams to operate with greater efficiency, security, and strategic value as business partners.

This lesson is part of a paid course

Buy the course to unlock every video lesson and the AI Tutor, plus mock exams with feedback on CIMA courses.

Already bought? Sign in

Ask the AI tutor anything about this lesson

It knows every lesson in the course — explanations, clarifications, practice questions.

Summarise lesson Key concepts Practice questions

In this lesson

  1. 0:00 Introduction to Today's Class
  2. 0:45 Key Technologies Overview
  3. 1:27 Core Modernisation vs. Exponential Technologies
  4. 2:46 Cloud Computing Impacts on Finance
  5. 5:06 Cloud Accounting Explained
  6. 5:38 Importance of Intangible Assets
  7. 7:41 Big Data and Finance Function
  8. 10:14 Big Data's Specific Impacts

About this lesson

Explore the transformative power of digital technologies in finance, from cloud computing to big data and AI. This video delves into the evolving roles and responsibilities within the finance function, emphasising the shift towards a digital mindset, ethical data use, and the integration of modern tools for enhanced efficiency and security. Viewers will gain insights into the implications of core modernisation and exponential technologies, understanding how they redefine collaboration, flexibility, and the strategic role of finance professionals as business partners. Discover how to navigate these changes for a competitive edge in the finance sector.

Duration: 12m

  • Cloud computing in finance
  • Core modernisation vs. exponential technologies
  • Big data analytics and insights
  • Artificial intelligence applications
  • Digital transformation of finance roles
  • Cybersecurity and ethical data use

Transcript

Every lesson comes with a full searchable transcript - included with the course.

Get the E1 Objective Test course

All 101 video lessons, timed mock exams marked instantly with an explanation for every question, an AI Tutor in every lesson and lifetime access.

Already bought? Sign in