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AI adoption in organisations is moving too fast


Photo for representation purpose
  | Photo Credit: Reuters
Concerns around use of AI was more prominent among smaller firms, Gen Zs and Millennials. Ethics, governance, and regulation of AI are major factors, the study notes
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Business leaders are experiencing a COVID-19 whiplash from the pace of artificial intelligence (AI) adoption, according to a report by audit firm KPMG. They see this acceleration to be moving “too fast”, but still are confident that AI can solve several challenges.
In its study titled ....

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High optimism on the future of work


High optimism on the future of work
12:00 | 15/03/2021
High optimism on the future of work
With a survey sent out to the Vietnamese public from November 12 to December 27 last year, 1146 responses were collected from a list of questions relating to technology, jobs, and skills. PwC Vietnam chairman Grant Dennis said, “Our survey findings reflect the accelerated presence and influence of technology in the workplace and the pace of change to come in Vietnam. Enabling workers and firms to adapt in the new technological environment and empowering them to achieve outcomes will be key to any organisation’s success.”
According to the survey, the findings highlight that changes are underway, and fast. There is general agreement that technology is changing jobs – 90 per cent believe that technology will change their current jobs in the medium term (6-10 years), and 83 per cent believe they will feel the impact in the shor ....

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PwC: The earlier the better to master minimum tax provisions


THE STANDARD
By
James Wanzala |
March 15th 2021 at 13:51:56 GMT +0300
KRA Head Office in Nairobi (PHOTO: FILE)
NAIROBI, KENYA: PwC Tax experts have appealed to Kenya businesses to acquaint themselves with recently introduced tax initiatives by the government to avoid costly penalties due to non-compliance.
They said this during a virtual webcast on Thursday called, Demystifying Minimum Tax Provisions, which discussed the practical aspects of the minimum tax provisions and how they would impact businesses.
According to Edna Gitachu, Senior Manager and Tax Policy Specialist at PwC, at first glance, minimum tax may seem easy to implement.
“However, an in-depth analysis of the legal provisions reveals some intricacies and potential adverse business impacts. Some of the grey areas that taxpayers are currently grappling with include the ability to utilise existing tax incentives, historical tax losses and tax credits. The commencement date for entit ....

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Over 17,500 UK chain stores shuttered in 2020 with more shocks on horizon

Over 17,500 UK chain stores shuttered in 2020 with more shocks on horizon
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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