The rise of the machines has been a solid science-fiction trope for a very long time. Classic authors and modern television stories have all taken a stab at this very important topic. The truth is, technology is getting smarter but does that mean the robots will be taking over our jobs? For an accountant, how much truth is there in the idea that these professionals will be replaced by robots. The answer is no, but there may be more to the story. While robots aren’t taking over, they may be making jobs easier. Here are a few things to think about for the future.
Accounting in the Cloud
Cloud computing has already been the norm in accounting for years, so it’s important that accountants continue to embrace the process. Applications for accounting software are increasing and intended to make the process easier for everyone to access.
However, it’s also important to note that the cloud isn’t replacing desktop or enterprise software, its primary function is to enhance an already robust service.
Automation doesn’t have to mean a complete replacement by robots or artificial intelligence. For any industry that provides a service, human interaction will always be a necessary role. But automation can enhance what an accountant can do, leaving you more time to handle the interpersonal communications.
Technology is intended to provide users with better data, so embrace that. As the algorithms become more concentrated and direct, it will take you half the time to do the same level of work. You can then apply that to your customer service.
Most people associate blockchain technology with cryptocurrencies, but that isn’t the entire picture. Blockchain is being used for a number of applications, many of which will have a strong impact on accounting and finance.
For example, with the real-time updating of the information, auditing can become much more streamlined when blockchain is used.
Focus on Innovation
Ultimately, any of the new technology that we imagine will lead to the rise of the machines should be views as a catalyst toward innovation. And, at the end of the day, innovation will be the most sought-after process in any industry.
Big data can access and report a lot of information, but it may not be able to create innovating solutions to specific business problems for your customers.
Work With a Top Accounting Staffing Agency in Washington DC
Do you want to know how technology can enhance your accounting career? Contact NRI Staffing today to work with a top accounting staffing agency in Washington DC