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One trophy is good, but two are ‘learn’ better: PQ Awards 2024

We are delighted to announce that we won two awards this year for the PQ Magazine Awards 2024.

Kaplan Brand Mark Logo Kaplan · 4 minute read


Navigating the future: data and technology trends in 2024

Hand holding globe

As we step into 2024, the landscape of accounting and finance continues to evolve rapidly, driven by advancements in technology and data management. In this blog post, we will explore the key trends that are shaping the future of these critical sectors, providing insights into how professionals can stay ahead in a dynamic and competitive environment.

Blockchain integration for transparent financial transactions

Blockchain technology has been gaining traction, and 2024 is no exception. The finance and accounting sectors are increasingly integrating blockchain to enhance transparency and security in financial transactions. Smart contracts, decentralised finance (DeFi), and tokenization are becoming integral parts of financial operations, streamlining processes and reducing the risk of fraud.

Artificial Intelligence (AI) in financial decision-making

The role of AI in accounting and finance is expanding beyond automation. In 2024, AI is expected to play a more significant role in decision-making processes. Machine learning algorithms are being utilised to analyse vast datasets, identify patterns, and provide valuable insights for strategic financial planning.

Research suggests that investing in digital technologies such as AI could see an economy-wide boost of £33 billion and a growth increase to 2.8% by 2030. Additionally, AI is projected to contribute to a 10.3% increase in the UK’s GDP by 2030.* Therefore, knowledge of AI-driven forecasting tools will help professionals make informed decisions and keep up to date in a rapidly changing economic environment.

Advanced data analytics for predictive financial modelling

Data analytics is evolving with a focus on predictive modelling in finance. By leveraging advanced analytics tools and techniques, accounting professionals can gain deeper insights into financial trends, customer behaviour, and market dynamics. Predictive analytics enables better risk management, more accurate financial forecasting, and improved overall decision-making.

Cybersecurity and data privacy prioritisation

With the increasing reliance on digital platforms and cloud-based solutions, cybersecurity is a top priority for finance and accounting professionals in 2024. Protecting sensitive financial data from cyber threats is crucial. Organisations are investing in advanced cybersecurity measures and prioritising data privacy to ensure compliance with regulations and maintain the trust of clients and stakeholders.

Robotic Process Automation (RPA) for efficiency gains

Robotic Process Automation continues to transform routine and rule-based tasks in accounting and finance. In 2024, RPA is expected to be more sophisticated, handling complex processes with minimal human intervention. This technology streamlines workflows, reduces errors, and allows finance professionals to focus on more strategic and analytical aspects of their roles.

Environmental, Social, and Governance (ESG) reporting integration

Sustainability and responsible business practices are becoming integral to financial reporting. In 2024, there is a growing emphasis on integrating ESG factors into financial analysis and reporting. Technology plays a crucial role in collecting, analysing, and reporting ESG data, helping organisations demonstrate their commitment to sustainable and socially responsible practices.

Quantum computing and edge computing

Although quantum computing is still in its early/research stages, quantum computers will be used to process vast amounts of information which will significantly solve many problems and issues much faster than traditional computers. For finance professionals, quantum computing can significantly help by enhancing risk management, optimising portfolios and improving fraud detection.

Edge computing involves processing data closer to the source of generation, which again improves real-time decision-making. This is improving the speed and efficiency of financial transactions.

Both quantum computing and edge computing have the potential to reshape how professionals within the finance industry can analyse data, make decisions, and manage risk in the rapidly evolving landscape of financial technology.

Final thoughts

Data and technology are reshaping the accounting and finance landscape. If you work within this industry, there is always the need to keep up with changing regulations and for compliance and operational efficiencies. However, particularly in today’s world, the emergence of technology can actively support professionals to keep a future-focused mindset. Therefore, it’s more important than ever to try to keep up with emerging trends by continuous learning, adaptability and building on your soft skills.

Interested in the future of data and tech?

At Kaplan, we offer professional certifications that will help you stay on track, upskill and succeed. Check out our data and technology courses, as well as our accounting, and banking and financial services options. There’s plenty to get excited about for 2024 and beyond.


For all information regarding our Data and Technology apprenticeships, you can also download our brochure where you can find all information in one place such as funding, hiring, and contacting the team.

*https://investingstrategy.co.uk/financial-news/the-state-of-ai-in-the-uk-2023-trends-data-statistics-and-insight/

Ready to start your career in tech?

Choose a course

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One trophy is good, but two are ‘learn’ better: PQ Awards 2024

One trophy is good, but two are ‘learn’ better: PQ Awards 2024

We are delighted to announce that we won two awards this year for the PQ Magazine Awards 2024.

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Kaplan partners with CIPS

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Navigating the future: data and technology trends in 2024

Hand holding globe

As we step into 2024, the landscape of accounting and finance continues to evolve rapidly, driven by advancements in technology and data management. In this blog post, we will explore the key trends that are shaping the future of these critical sectors, providing insights into how professionals can stay ahead in a dynamic and competitive environment.

Blockchain integration for transparent financial transactions

Blockchain technology has been gaining traction, and 2024 is no exception. The finance and accounting sectors are increasingly integrating blockchain to enhance transparency and security in financial transactions. Smart contracts, decentralised finance (DeFi), and tokenization are becoming integral parts of financial operations, streamlining processes and reducing the risk of fraud.

Artificial Intelligence (AI) in financial decision-making

The role of AI in accounting and finance is expanding beyond automation. In 2024, AI is expected to play a more significant role in decision-making processes. Machine learning algorithms are being utilised to analyse vast datasets, identify patterns, and provide valuable insights for strategic financial planning.

Research suggests that investing in digital technologies such as AI could see an economy-wide boost of £33 billion and a growth increase to 2.8% by 2030. Additionally, AI is projected to contribute to a 10.3% increase in the UK’s GDP by 2030.* Therefore, knowledge of AI-driven forecasting tools will help professionals make informed decisions and keep up to date in a rapidly changing economic environment.

Advanced data analytics for predictive financial modelling

Data analytics is evolving with a focus on predictive modelling in finance. By leveraging advanced analytics tools and techniques, accounting professionals can gain deeper insights into financial trends, customer behaviour, and market dynamics. Predictive analytics enables better risk management, more accurate financial forecasting, and improved overall decision-making.

Cybersecurity and data privacy prioritisation

With the increasing reliance on digital platforms and cloud-based solutions, cybersecurity is a top priority for finance and accounting professionals in 2024. Protecting sensitive financial data from cyber threats is crucial. Organisations are investing in advanced cybersecurity measures and prioritising data privacy to ensure compliance with regulations and maintain the trust of clients and stakeholders.

Robotic Process Automation (RPA) for efficiency gains

Robotic Process Automation continues to transform routine and rule-based tasks in accounting and finance. In 2024, RPA is expected to be more sophisticated, handling complex processes with minimal human intervention. This technology streamlines workflows, reduces errors, and allows finance professionals to focus on more strategic and analytical aspects of their roles.

Environmental, Social, and Governance (ESG) reporting integration

Sustainability and responsible business practices are becoming integral to financial reporting. In 2024, there is a growing emphasis on integrating ESG factors into financial analysis and reporting. Technology plays a crucial role in collecting, analysing, and reporting ESG data, helping organisations demonstrate their commitment to sustainable and socially responsible practices.

Quantum computing and edge computing

Although quantum computing is still in its early/research stages, quantum computers will be used to process vast amounts of information which will significantly solve many problems and issues much faster than traditional computers. For finance professionals, quantum computing can significantly help by enhancing risk management, optimising portfolios and improving fraud detection.

Edge computing involves processing data closer to the source of generation, which again improves real-time decision-making. This is improving the speed and efficiency of financial transactions.

Both quantum computing and edge computing have the potential to reshape how professionals within the finance industry can analyse data, make decisions, and manage risk in the rapidly evolving landscape of financial technology.

Final thoughts

Data and technology are reshaping the accounting and finance landscape. If you work within this industry, there is always the need to keep up with changing regulations and for compliance and operational efficiencies. However, particularly in today’s world, the emergence of technology can actively support professionals to keep a future-focused mindset. Therefore, it’s more important than ever to try to keep up with emerging trends by continuous learning, adaptability and building on your soft skills.

Interested in the future of data and tech?

At Kaplan, we offer professional certifications that will help you stay on track, upskill and succeed. Check out our data and technology courses, as well as our accounting, and banking and financial services options. There’s plenty to get excited about for 2024 and beyond.


For all information regarding our Data and Technology apprenticeships, you can also download our brochure where you can find all information in one place such as funding, hiring, and contacting the team.

*https://investingstrategy.co.uk/financial-news/the-state-of-ai-in-the-uk-2023-trends-data-statistics-and-insight/

Ready to start your career in tech?

Choose a course

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One trophy is good, but two are ‘learn’ better: PQ Awards 2024

One trophy is good, but two are ‘learn’ better: PQ Awards 2024

We are delighted to announce that we won two awards this year for the PQ Magazine Awards 2024.

Kaplan · 4 minute read

Kaplan partners with CIPS

Kaplan partners with CIPS

We are proud to announce the launch of our exclusive partnership with CIPS. Here’s what this means.

Kaplan

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Navigating the future: data and technology trends in 2024

Hand holding globe

As we step into 2024, the landscape of accounting and finance continues to evolve rapidly, driven by advancements in technology and data management. In this blog post, we will explore the key trends that are shaping the future of these critical sectors, providing insights into how professionals can stay ahead in a dynamic and competitive environment.

Blockchain integration for transparent financial transactions

Blockchain technology has been gaining traction, and 2024 is no exception. The finance and accounting sectors are increasingly integrating blockchain to enhance transparency and security in financial transactions. Smart contracts, decentralised finance (DeFi), and tokenization are becoming integral parts of financial operations, streamlining processes and reducing the risk of fraud.

Artificial Intelligence (AI) in financial decision-making

The role of AI in accounting and finance is expanding beyond automation. In 2024, AI is expected to play a more significant role in decision-making processes. Machine learning algorithms are being utilised to analyse vast datasets, identify patterns, and provide valuable insights for strategic financial planning.

Research suggests that investing in digital technologies such as AI could see an economy-wide boost of £33 billion and a growth increase to 2.8% by 2030. Additionally, AI is projected to contribute to a 10.3% increase in the UK’s GDP by 2030.* Therefore, knowledge of AI-driven forecasting tools will help professionals make informed decisions and keep up to date in a rapidly changing economic environment.

Advanced data analytics for predictive financial modelling

Data analytics is evolving with a focus on predictive modelling in finance. By leveraging advanced analytics tools and techniques, accounting professionals can gain deeper insights into financial trends, customer behaviour, and market dynamics. Predictive analytics enables better risk management, more accurate financial forecasting, and improved overall decision-making.

Cybersecurity and data privacy prioritisation

With the increasing reliance on digital platforms and cloud-based solutions, cybersecurity is a top priority for finance and accounting professionals in 2024. Protecting sensitive financial data from cyber threats is crucial. Organisations are investing in advanced cybersecurity measures and prioritising data privacy to ensure compliance with regulations and maintain the trust of clients and stakeholders.

Robotic Process Automation (RPA) for efficiency gains

Robotic Process Automation continues to transform routine and rule-based tasks in accounting and finance. In 2024, RPA is expected to be more sophisticated, handling complex processes with minimal human intervention. This technology streamlines workflows, reduces errors, and allows finance professionals to focus on more strategic and analytical aspects of their roles.

Environmental, Social, and Governance (ESG) reporting integration

Sustainability and responsible business practices are becoming integral to financial reporting. In 2024, there is a growing emphasis on integrating ESG factors into financial analysis and reporting. Technology plays a crucial role in collecting, analysing, and reporting ESG data, helping organisations demonstrate their commitment to sustainable and socially responsible practices.

Quantum computing and edge computing

Although quantum computing is still in its early/research stages, quantum computers will be used to process vast amounts of information which will significantly solve many problems and issues much faster than traditional computers. For finance professionals, quantum computing can significantly help by enhancing risk management, optimising portfolios and improving fraud detection.

Edge computing involves processing data closer to the source of generation, which again improves real-time decision-making. This is improving the speed and efficiency of financial transactions.

Both quantum computing and edge computing have the potential to reshape how professionals within the finance industry can analyse data, make decisions, and manage risk in the rapidly evolving landscape of financial technology.

Final thoughts

Data and technology are reshaping the accounting and finance landscape. If you work within this industry, there is always the need to keep up with changing regulations and for compliance and operational efficiencies. However, particularly in today’s world, the emergence of technology can actively support professionals to keep a future-focused mindset. Therefore, it’s more important than ever to try to keep up with emerging trends by continuous learning, adaptability and building on your soft skills.

Interested in the future of data and tech?

At Kaplan, we offer professional certifications that will help you stay on track, upskill and succeed. Check out our data and technology courses, as well as our accounting, and banking and financial services options. There’s plenty to get excited about for 2024 and beyond.


For all information regarding our Data and Technology apprenticeships, you can also download our brochure where you can find all information in one place such as funding, hiring, and contacting the team.

*https://investingstrategy.co.uk/financial-news/the-state-of-ai-in-the-uk-2023-trends-data-statistics-and-insight/

Ready to start your career in tech?

Choose a course

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One trophy is good, but two are ‘learn’ better: PQ Awards 2024

One trophy is good, but two are ‘learn’ better: PQ Awards 2024

We are delighted to announce that we won two awards this year for the PQ Magazine Awards 2024.

Kaplan · 4 minute read

Kaplan partners with CIPS

Kaplan partners with CIPS

We are proud to announce the launch of our exclusive partnership with CIPS. Here’s what this means.

Kaplan

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Transformations

View all

Navigating the future: data and technology trends in 2024

Hand holding globe

As we step into 2024, the landscape of accounting and finance continues to evolve rapidly, driven by advancements in technology and data management. In this blog post, we will explore the key trends that are shaping the future of these critical sectors, providing insights into how professionals can stay ahead in a dynamic and competitive environment.

Blockchain integration for transparent financial transactions

Blockchain technology has been gaining traction, and 2024 is no exception. The finance and accounting sectors are increasingly integrating blockchain to enhance transparency and security in financial transactions. Smart contracts, decentralised finance (DeFi), and tokenization are becoming integral parts of financial operations, streamlining processes and reducing the risk of fraud.

Artificial Intelligence (AI) in financial decision-making

The role of AI in accounting and finance is expanding beyond automation. In 2024, AI is expected to play a more significant role in decision-making processes. Machine learning algorithms are being utilised to analyse vast datasets, identify patterns, and provide valuable insights for strategic financial planning.

Research suggests that investing in digital technologies such as AI could see an economy-wide boost of £33 billion and a growth increase to 2.8% by 2030. Additionally, AI is projected to contribute to a 10.3% increase in the UK’s GDP by 2030.* Therefore, knowledge of AI-driven forecasting tools will help professionals make informed decisions and keep up to date in a rapidly changing economic environment.

Advanced data analytics for predictive financial modelling

Data analytics is evolving with a focus on predictive modelling in finance. By leveraging advanced analytics tools and techniques, accounting professionals can gain deeper insights into financial trends, customer behaviour, and market dynamics. Predictive analytics enables better risk management, more accurate financial forecasting, and improved overall decision-making.

Cybersecurity and data privacy prioritisation

With the increasing reliance on digital platforms and cloud-based solutions, cybersecurity is a top priority for finance and accounting professionals in 2024. Protecting sensitive financial data from cyber threats is crucial. Organisations are investing in advanced cybersecurity measures and prioritising data privacy to ensure compliance with regulations and maintain the trust of clients and stakeholders.

Robotic Process Automation (RPA) for efficiency gains

Robotic Process Automation continues to transform routine and rule-based tasks in accounting and finance. In 2024, RPA is expected to be more sophisticated, handling complex processes with minimal human intervention. This technology streamlines workflows, reduces errors, and allows finance professionals to focus on more strategic and analytical aspects of their roles.

Environmental, Social, and Governance (ESG) reporting integration

Sustainability and responsible business practices are becoming integral to financial reporting. In 2024, there is a growing emphasis on integrating ESG factors into financial analysis and reporting. Technology plays a crucial role in collecting, analysing, and reporting ESG data, helping organisations demonstrate their commitment to sustainable and socially responsible practices.

Quantum computing and edge computing

Although quantum computing is still in its early/research stages, quantum computers will be used to process vast amounts of information which will significantly solve many problems and issues much faster than traditional computers. For finance professionals, quantum computing can significantly help by enhancing risk management, optimising portfolios and improving fraud detection.

Edge computing involves processing data closer to the source of generation, which again improves real-time decision-making. This is improving the speed and efficiency of financial transactions.

Both quantum computing and edge computing have the potential to reshape how professionals within the finance industry can analyse data, make decisions, and manage risk in the rapidly evolving landscape of financial technology.

Final thoughts

Data and technology are reshaping the accounting and finance landscape. If you work within this industry, there is always the need to keep up with changing regulations and for compliance and operational efficiencies. However, particularly in today’s world, the emergence of technology can actively support professionals to keep a future-focused mindset. Therefore, it’s more important than ever to try to keep up with emerging trends by continuous learning, adaptability and building on your soft skills.

Interested in the future of data and tech?

At Kaplan, we offer professional certifications that will help you stay on track, upskill and succeed. Check out our data and technology courses, as well as our accounting, and banking and financial services options. There’s plenty to get excited about for 2024 and beyond.


For all information regarding our Data and Technology apprenticeships, you can also download our brochure where you can find all information in one place such as funding, hiring, and contacting the team.

*https://investingstrategy.co.uk/financial-news/the-state-of-ai-in-the-uk-2023-trends-data-statistics-and-insight/

Ready to start your career in tech?

Choose a course

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One trophy is good, but two are ‘learn’ better: PQ Awards 2024

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We are delighted to announce that we won two awards this year for the PQ Magazine Awards 2024.

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Kaplan partners with CIPS

Kaplan partners with CIPS

We are proud to announce the launch of our exclusive partnership with CIPS. Here’s what this means.

Kaplan

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Navigating the future: data and technology trends in 2024

Hand holding globe

As we step into 2024, the landscape of accounting and finance continues to evolve rapidly, driven by advancements in technology and data management. In this blog post, we will explore the key trends that are shaping the future of these critical sectors, providing insights into how professionals can stay ahead in a dynamic and competitive environment.

Blockchain integration for transparent financial transactions

Blockchain technology has been gaining traction, and 2024 is no exception. The finance and accounting sectors are increasingly integrating blockchain to enhance transparency and security in financial transactions. Smart contracts, decentralised finance (DeFi), and tokenization are becoming integral parts of financial operations, streamlining processes and reducing the risk of fraud.

Artificial Intelligence (AI) in financial decision-making

The role of AI in accounting and finance is expanding beyond automation. In 2024, AI is expected to play a more significant role in decision-making processes. Machine learning algorithms are being utilised to analyse vast datasets, identify patterns, and provide valuable insights for strategic financial planning.

Research suggests that investing in digital technologies such as AI could see an economy-wide boost of £33 billion and a growth increase to 2.8% by 2030. Additionally, AI is projected to contribute to a 10.3% increase in the UK’s GDP by 2030.* Therefore, knowledge of AI-driven forecasting tools will help professionals make informed decisions and keep up to date in a rapidly changing economic environment.

Advanced data analytics for predictive financial modelling

Data analytics is evolving with a focus on predictive modelling in finance. By leveraging advanced analytics tools and techniques, accounting professionals can gain deeper insights into financial trends, customer behaviour, and market dynamics. Predictive analytics enables better risk management, more accurate financial forecasting, and improved overall decision-making.

Cybersecurity and data privacy prioritisation

With the increasing reliance on digital platforms and cloud-based solutions, cybersecurity is a top priority for finance and accounting professionals in 2024. Protecting sensitive financial data from cyber threats is crucial. Organisations are investing in advanced cybersecurity measures and prioritising data privacy to ensure compliance with regulations and maintain the trust of clients and stakeholders.

Robotic Process Automation (RPA) for efficiency gains

Robotic Process Automation continues to transform routine and rule-based tasks in accounting and finance. In 2024, RPA is expected to be more sophisticated, handling complex processes with minimal human intervention. This technology streamlines workflows, reduces errors, and allows finance professionals to focus on more strategic and analytical aspects of their roles.

Environmental, Social, and Governance (ESG) reporting integration

Sustainability and responsible business practices are becoming integral to financial reporting. In 2024, there is a growing emphasis on integrating ESG factors into financial analysis and reporting. Technology plays a crucial role in collecting, analysing, and reporting ESG data, helping organisations demonstrate their commitment to sustainable and socially responsible practices.

Quantum computing and edge computing

Although quantum computing is still in its early/research stages, quantum computers will be used to process vast amounts of information which will significantly solve many problems and issues much faster than traditional computers. For finance professionals, quantum computing can significantly help by enhancing risk management, optimising portfolios and improving fraud detection.

Edge computing involves processing data closer to the source of generation, which again improves real-time decision-making. This is improving the speed and efficiency of financial transactions.

Both quantum computing and edge computing have the potential to reshape how professionals within the finance industry can analyse data, make decisions, and manage risk in the rapidly evolving landscape of financial technology.

Final thoughts

Data and technology are reshaping the accounting and finance landscape. If you work within this industry, there is always the need to keep up with changing regulations and for compliance and operational efficiencies. However, particularly in today’s world, the emergence of technology can actively support professionals to keep a future-focused mindset. Therefore, it’s more important than ever to try to keep up with emerging trends by continuous learning, adaptability and building on your soft skills.

Interested in the future of data and tech?

At Kaplan, we offer professional certifications that will help you stay on track, upskill and succeed. Check out our data and technology courses, as well as our accounting, and banking and financial services options. There’s plenty to get excited about for 2024 and beyond.


For all information regarding our Data and Technology apprenticeships, you can also download our brochure where you can find all information in one place such as funding, hiring, and contacting the team.

*https://investingstrategy.co.uk/financial-news/the-state-of-ai-in-the-uk-2023-trends-data-statistics-and-insight/

Ready to start your career in tech?

Choose a course

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How will AI affect my small business?

How will AI affect my small business?

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Kaplan · 8 minute read

One trophy is good, but two are ‘learn’ better: PQ Awards 2024

One trophy is good, but two are ‘learn’ better: PQ Awards 2024

We are delighted to announce that we won two awards this year for the PQ Magazine Awards 2024.

Kaplan · 4 minute read

Kaplan partners with CIPS

Kaplan partners with CIPS

We are proud to announce the launch of our exclusive partnership with CIPS. Here’s what this means.

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View all articles