Technology & Digitalisation
Technology is all around us and has been transforming our lives since we were born. With advancements in technology, new devices and tools are continuously invented. The world’s your limit in this field – whether its software, hardware, computer games, drone technology, and so much – the opportunities are limitless.
A business in this industry might focus on designing, manufacturing, distributing, or selling electronic devices such as computers and related equipment and components. Alternatively, a business might focus on the design of software, which software might be needed by the public, or which might be needed by a small group of society, such as accountants or dentists.
Digitalisation is making the role of accountants more exciting as new software is developed to automate the monotonous work, whilst giving accountants the opportunity to focus on providing worthwhile solutions to world problems. For example, an accountant might work with a software developer and other professionals to develop a software which can help an organisation measure its carbon footprint to help stop climate change.
The following is a sample of roles within the Technology & Digitalisation industry. Studying accounts can aid you to follow a career path which leads to similar roles, amongst many others.
A General Manager would lead the business (for example, a software development company). They (she/he) would be expected to improve the way the business operates, oversee general timelines, budgets and profitability, representing the company with new clients, support staff members, and enhance the business relationship with any stakeholders.
The Financial Controller is an accountant who heads the accounting department and assumes full responsibility for tracking the general profitability of the business through the preparation and management of timely financial reports. Under the leadership of the Financial Controller, the accounting department would manage different functions of the business to ensure that incomes (from sales) and expenditures (such as buying licenses and paying staff members) are received and paid for in a timely manner. The Financial Controller also uses this information to monitor the overall financial health of the business, such as cash flow, to be able to make recommendations to the Managing Director on the future strategy of the business.
A project leader has a driving role in, for example, a software development company, to make sure a specific project is carried through. Although the leader might not be the most technical member of the team, they (she/he) are responsible for liaising with the client who would have requested the software, for planning the project’s timelines and guiding the team to reach the project’s objectives within the stipulated budget and deadlines, whilst engaging and motivating the team.