ACCOUNTANTS 4.

Taufikurrahman CPA, CA
We are moving on…
Industry 4.0
• Full integration of information and communication technology and automation
technology in the "factory of the future“.
• Everything in the factory is on a network that also includes sales partners,
suppliers, equipment manufacturers, and clients.
• Devices will not only communicate, but also use information and data analysis
to drive future actions.
• Evolution of the "digital twin" in manufacturing, which allows new ways to
optimize product design and functionality.
• Using artificial intelligence, machine learning, advanced analytics, and more,
companies will be able to build a product in the digital world that allows more
advanced views and smarter design than ever before.
• Allows companies to do more rapid prototyping than with physical products,
experiment with new designs at a lower cost, and improve communication
with the extended supply chain.
• providing an opportunity for manufacturers to grow new sources of revenue,
such as a data business that can become as large as their product business.
The Tractor 4.0 Story
The Tractor 4.0 Story
• A tractor manufacturer builds a tractor that can
transmit data.
• The tractor tracks a farmer's seed and fertilizer
habits, which the tractor manufacturer can sell to
seed and fertilizer companies.
• The company can in turn market their products to
individual farmers based on their particular usage
and needs.
• They sell more data than tractors.
Impacts on Finance & Accounting
• Industry 4.0 will impact the financial side of these businesses.
• An investment analysis will need to take place, as industries
look at the cost of change and weigh that against potential
future profits.
• With this new connectivity among machines also comes new
risks.
• Contract management, terms and conditions, and
responsibilities and boundaries will all see changes.
• Companies will need to address frontiers such as ownership of
data and standards for transmission.
• New value streams and new business streams coming from the
transmission of all data.
• Emergence of Fintech, Blockchain, and Cryptocurrency.
• Extensive use of Big Data & AI to make better decisions.
Accountants 4.0: The 10 Key Roles
1. Being the eye of industries to look at the cost of change and weigh that against
potential future profits.
2. Predict the profitability impact and the return-on-investment analysis.
3. Predict and quantify impact of new technologies with a similar degree of comfort
as we can with traditional investments.
4. Help companies with pricing analysis when a product improves in functionality,
helping to determine whether the company can charge more for filling a
customer's need.
5. Examine cost savings. If production is more effective and efficient, what the
company could save in costs.
6. Help companies to analyze the risks that will arise, including liability for product
misuse or unintended use.
7. Help companies to analyze risks related to being more connected within a factory
or outside the enterprise. As recent ransomware attacks have shown, connected
devices have a level of vulnerability.
8. Help companies to analyze and mitigate changes in contract management, terms
and conditions, and responsibilities and boundaries.
9. Help companies understand new value streams and new business streams coming
from the transmission of all data.
10. Help companies to utilize technology, Big Data & AI to make better decisions.
How do Accountants 4.0 work?

AI
(Artificial
Intelligence)

ACCOUNTANTS
4.0

Human
Brains
Intriguing Question:
Would AI fully replace human brains?
ARE YOU READY FOR THE FUTURE?
 How do you get ready?

ACUAN
•Adaptive to changes & Adoptive to
technology
•Continuously improve skills & competency
•Use technology more, everyday
•Accounting in heart
•Network in mind
Thank You!