As technology continues to thrive, there is one dilemma that has been created by the advent of new technologies. Every time a new technology is released, it is the sole responsibility of the human workforce to adapt to the new changes. Therefore, with every new technology, there is a disruption in the way we are used to completing our daily tasks (Medium).
In the workforce, new technologies are seen as a threat, since they can take up some of the roles that used to be performed by human beings. One field that is experiencing a lot of changes due to the influence of modern technologies is accounting. To understand how technology has influenced and will continue to influence the accounting field, we look at the advice of longtime accounting and auditing expert Dabie Tsai.
Looking at the professional experience of Tsai, one is left without a doubt that her advice should be taken seriously. For 23 years, she has worked for KPMG, one of the largest and prominent firms in the world. She has significant experience dealing with SEC Periodic and IPO filings for both domestic and foreign registrants, SOX 404 controls and processes, and US GAAP and IFRS. While at KPMG, Tsai has worked in four countries located on different continents. She has therefore developed international experience in this field and also developed the ability to speak in multiple languages.
The Power of Computing
Since the introduction of computers, the field of accounting has experienced consistent changes. In fact, it is almost impossible for anyone to work in the field without mid-level competency on computing. It has become an integral part of the industry, and it will only become more advanced as we move into the future. According to Dabie Tsai, the influence of artificial intelligence will also influence the future of the industry as machine learning algorithms take up some of the lower-level tasks completed by the human workforce. Although it will bring some accuracy and efficiency in the processing of data, artificial intelligence might be a risk to businesses and human workforces that refuse to comply with the changes. However, she is hopeful that the application of new technologies in the field of accounting will not take up roles meant for the human workforce. She advises professionals in this field to consider taking up more advanced tasks that cannot be completed by machines.
Dabie Tsai also sees a future where the role of leadership in organizations will become highly competitive. With machines taking up some of the roles performed by the human workforce, it will be up to the leaders of these organization to ensure that there are proper plans and strategies aimed at achieving the intended goals.
Available information about Dabie Tsai at https://www.levo.com/dabie-tsai