As it turns out, robots will not be taking over the accounting profession any time soon. On the contrary, artificial intelligence (AI) has proven to be an extremely valuable tool for improving workflow.
The latest data from the U.S. Bureau of Labor Statistics projects a 10% increase in employment of accounting professionals over the next 10 years. That promising statistic is largely due to how AI has made us more efficient at our jobs.
AI automation allows auditors to cut out grunt work, like the incremental steps of auditing data, and instead focus more time and energy on more nuanced parts of the process.
Think of AI as a new tool that helps accounting professionals rise to the new challenges they’re faced with every day.
Read more about how auditors are effectively using AI.