Artificial intelligence wonot likely replace accountants

Reference no: EM133650462

Question

Artificial Intelligence won't likely replace Accountants, but it will lessen their need to do repetitive or process-driven accountancy chores. Strategic business decisions and other higher-value accounting duties will continue to be made by Accountants. Data analysis and interpretation will always require skilled human Accountants. Their expertise and understanding in analyzing financial statements, rendering well-informed decisions, and projecting cash flow cannot be replicated. The feelings that customers experience when starting a business are beyond the comprehension of an AI. It is unable to meet that person's eyes when they are discussing business. Furthermore, artificial intelligence cannot replace human trust. If you work in accounting or are pursuing an accounting degree, you should be prepared to retrain in order to advance and secure your future in the industry.

Reference no: EM133650462

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