Deeper Technology Penetration in Healthcare
Indonesia has done a fine job with its post-pandemic recovery. According to the World Bank’s semi-annual Indonesia Economic Prospects report, the country’s economic growth remains resilient, with inflation on a declining trend and a stable currency. GDP growth is projected to ease slightly to an average of 4.9 percent during 2024-2026 from five percent this year as the commodity boom loses steam.
The corporate realm in the country is expected to reflect this improvement in trend. Financial officers in the country will meet with further challenges in terms of using this favorable environment to their organization’s advantage. No wonder financial leaders are in dire need of team members who are not only skilled in accounting, auditing, and compliance but also understand data visualization, are flexible thinkers, possess good communication skills, and, most importantly, have a lot of business sense. According to a recent Ernst & Young report, 22 percent of global CFOs prioritize transforming how finance talent is recruited, retained, and developed.
Beyond the typical challenges of controlling job costs and financial planning, CFOs are now up against the pressure to leverage disconnected, disorderly data and embrace technology and digital transformation. The aforementioned EY report also says that 23 percent of CFOs plan to prioritize improving big data and analytics capabilities to transform forecasting, risk management, and understanding value drivers. This yearly special issue of CEO Insights Asia delves deeper into the world of financial experts in Indonesia. Do let us know your thoughts.