Artificial intelligence (AI), machine learning (ML), and robots are technologies that are taking center stage across industries, especially in industries such as manufacturing, retail, customer service, and agriculture. The accounting industry is no exception. Experts predict that as many as 800 million jobs could be replaced with AI by 2030. Traditionally, it was blue collar…
Bots are a tool that makes it easy to engage with clients, leverage your brand, and quickly address client concerns at speeds and quantities that would be impossible for humans alone. Some bots–chatbots–communicate with users through an instant messaging platform, but bots can perform a number of functions, including robotic bookkeeping. Bots are yet another…
Are robots posed to take accounting jobs? No, not exactly. But kind of. Science fiction would have you believe that the human race is on track to be replaced by robots in the near future, but while advances in technology are increasing artificial intelligence (AI) and automation, the likelihood of robotic replacement is slim. There…
As technology improves, it has become increasingly clear that automation can effectively replace certain roles and tasks in the workplace, though while some fear a robotic revolution rendering human employees obsolete, it’s not likely. Robotic process automation in accounting Auditing has been a distinctly manual process–until recently. Artificial Intelligence (AI) and robotic process automation (RPA)…