Focus Universal strengthens team with appointment of professor

On December 2, 2024, Focus Universal Inc., a leading provider of technologies for IoT and 5G, announced the appointment of Professor Shivaram Rajgopal to its Advisory Board. This decision reflects the company's commitment to enhancing its expertise in financial reporting and auditing, essential areas as they push forward with their AI-driven SEC Financial Reporting Automation Software. Professor Rajgopal brings extensive experience from his role at Columbia Business School, where he is the Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing. His background includes various prestigious academic institutions and a wealth of research in financial reporting, executive compensation, and corporate culture, making him a valuable asset for Focus as it seeks to optimize its offerings in a growing market. The financial reporting software market is projected to expand significantly, with expectations to grow from USD $13.9 billion in 2022 to USD $36.6 billion by 2030. This growth is driven by increasing complexity in financial data, limitations of spreadsheet solutions, and rising compliance costs. The appointment of Professor Rajgopal is a strategic move by Focus Universal to leverage his insights in addressing these market demands. Chief Executive Desheng Wang expressed enthusiasm over Rajgopal's strategic insights and expertise, emphasizing the intention to not only enhance customer value but also to explore new applications of the company's technology beyond just SEC reporting. Focus Universal's advancements in IoT and 5G technologies are designed to reduce costs and improve efficiency, which is increasingly important in today's fast-paced digital landscape. The insights provided by Professor Rajgopal will guide Focus as it navigates the complexities of corporate financial reporting and seeks to maintain its competitive edge in an expanding global market. This appointment not only highlights the company's ambition to expand its advisory capabilities but also signifies a commitment to ensuring high standards in financial reporting. As Focus Universal continues to grow and adapt to market needs, the addition of a distinguished academic like Professor Rajgopal will undoubtedly strengthen the company's position in the industry. Investment in talent and expertise is critical as they work towards achieving their goals in a landscape that is rapidly evolving due to technological advancements and changing regulatory environments.