In the tax domain, data is not just an asset but an instrument that unlocks value when correctly orchestrated. However, the value may be unrealized without effective data governance and accurate analysis. Tax leaders should harness the right tools, approaches and standards to create business value from data. Businesses should also be aware of the disruption AI will potentially bring. Tax functions strive for improved processes and technology enhancements that facilitate robust data collection, analysis and conversions into actionable insights. However, what are the challenges and how can leaders create sustainable solutions?
Source EY
