The public sector image as a place where little or no innovation happens has been challenged in a report by the Association of Chartered Certified Accountants (ACCA) titled: “Innovation in Public Finance.”
The report obtained at the weekend, showed that public sector finance professionals were seeking for a ‘radical future’ in the face of challenges lying ahead.
The report revealed that 91 per cent of public sector professionals who were respondents in the survey, said some kind of innovation was happening in their organisations, with slightly less (10 per cent), as against 90 per cent that said it was happening in the private sector.
It stated that some 4,436 ACCA members across 142 countries took part in the survey, with online panel discussions with 89 members across 32 countries.
According to the report, the level of innovation was measured across three areas: people-based, data and technology, and process innovation, with the report aiming to investigate…
Source: Thisday Newspaper