A Message to CPAs: Artificial Intelligence, Big Data, and Other Technologies Will Impact Your Future
But They Don’t Have to Displace You… In Fact, They Can Be Used to Make the Most of Opportunities Available to You.
McKinsey found that up to 800 million jobs may be displaced by 2030 around the world as a result of automation. Artificial intelligence, big data, the internet of things, and the cloud are disrupting the way we work and the business landscape as it is, but that doesn’t mean that technology is going to replace every job out there. So what does a digitally dependent world mean for CPAs?
Todd Shapiro, President of the IL CPA Society, warned “People in the CPA profession have done very well and are still doing very well. They have more business than they know what to do with, but that leads them into a false sense of security about the future.”
In the simplest terms, automation is going to change the transactional aspects of accounting – the way we collect and process data – but one thing that doesn’t change is the need for someone to analyze that data to drive insight and decision making forward.
Allow Us to Help You Become the Most Valued and Strategic Business Advisor to Your Clients…
Infiniwiz specializes in helping CPAs leverage technology to streamline manual, repetitive tasks – allowing them to focus on analyzing the data that matters most to their clients. This gives them the ability to act as strategic business advisors who are able to help those they serve gain a better understanding of their financial state to make informed decisions.
Our team is able to help you understand and make use of advancements in technology to ensure you’re handling the following properly:
- Data quality
- Data analytics
- Data governance
- Business intelligence
Although roles involving bookkeeping, payroll, and other routine tasks may be automated, financial planning is here to stay – as long as you’re able to translate the underlying analytics necessary for your clients to make complex decisions.
Infiniwiz is Here to Help You Become the Most Valued and Strategic Business Advisor. Our Team of Financial IT Services Experts Can Be Reached at (847) 250-0798.