A new reality for corporate reporting
Thomas Toomse-Smith explores how virtual and augmented reality might transform and drive engagement in corporate communication.
The annual report has been a cornerstone of corporate communications for more than 200 years, but while the past two centuries have seen sustained evolution in technology for communications, the annual report remains at its core a paper document (even if that paper is a PDF on a screen). However, corporate reporting requires a leap forward if it is to meet stakeholders’ needs for the next 200 years.
Technology has changed almost every aspect of our lives. Although corporate reporting has been slow to adapt, it is now showing signs of catching up. Over the past five years, the Financial Reporting Council’s Financial Reporting Lab (the Lab) has looked at a number of leading-edge and developing technologies and their potential impact on corporate reporting.