Diane Kaern has finance management experience at Siemens overseeing global sales, marketing expenses, and mergers and acquisitions analyses. The document discusses how the finance sector is ripe for digital transformation through streamlining internal processes and boosting analytical capabilities using technologies, despite heavy regulation slowing adoption. It also notes that a major hurdle is a lack of IT talent that can be addressed through internal reskilling and appealing to technical job candidates.

1. DIGITAL
TRANSFORMATION IN
THE FINANCE
SECTOR
DIANE KAERN

2. INTRODUCTION
• Award-winning business administrator Diane Kaern has earned management
experience at the multi-national conglomerate Siemens. As finance manager, Diane
Kaern oversaw global sales and marketing expenses and provided analyses for
mergers and acquisitions. These critical organizational functions have a strong
potential for digitization.
Despite heavy regulation slowing the adoption of new technologies, the finance sector
is ripe for digital transformation. A multitude of technologies could streamline and
expedite core internal processes while boosting analytical and data processing
capacities that benefit customers and employees alike.
To remain competitive, finance departments, companies, and organizations must apply
the information harvested from unstructured data sources to produce innovative tools
and systems that meet the demands of a global consumer base.
A major hurdle for finance organizations is a dearth of talent with specialized IT skills.
This obstacle can be managed by a combination of internal reskilling and appeals to
job candidates with strong technical backgrounds.