Digital signatures should be an indispensable part of any modern business workflow, especially when integrated into business document management systems. Backed by public key infrastructure (PKI) issued by a trusted certification authority, digital signatures offer an universally-accepted method of authentication that’s unique to each user. In highly-regulated industries, digital signatures would be required. As part of its ongoing effort to support remote work and innovation in business, the Hong Kong Government gives e-signatures equal status to paper signatures, with the Electronic Transactions Ordinance (Cap 553) providing the legal framework. (Extract from blog article) Read the full articleīUSINESS INNOVATION SERIES 5 Reasons Why Digital Signature is a Must for Businesses of All SizesĪ confluence of factors – the rise of work-from-home and the development of cloud technology among them – have highlighted the urgency of adopting electronic signatures (e-signatures) into the business workflow.Īn e-signature is a way of digitally committing to a legal obligation, used in place of a stamped chop or a handwritten wet-ink signature. Everybody-from construction foremen to architects to executives and CEOs - stands to benefit. All 12 industries were projected to significantly increase AI expenditure over the next three years-but the AEC sector is expected to lag for a good while yet.Īs far as the AEC workforce goes, RPA solves workflow problems for both low-skill labor and high-paying executive ranks. However, another McKinsey study found low adoption of automation in the AEC sector, ranking 11th in 12 surveyed industries. Just in time, too, as the need for change has become increasingly urgent given the COVID-19 pandemic!Ī McKinsey report finds that artificial intelligence, machine learning and robotic process automation (RPA) may affect one-third of the activities in 60 percent of all occupations. INDUSTRY INSIGHTS How Automation Will Drive the Future of AEC Workīusiness technology has massively reshaped the AEC (architecture, engineering, construction) landscape-and automation promises to change it even more.
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February 2023
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