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Gladson Pinto
Dubai, United Arab Emirates
Clearly Distributed Ledger Technology (DLT) or Blockchain has the potential to disrupt Finance industry in a big way. This will naturally have its cascading impact on Book keeping as well as Accountancy. How to reference and relate to blockchain data will be key for Accountancy here.
Artificial Intelligence (AI) is another technology which can take over areas which are well structured with clear rules (Accountancy). The routine and mundane book keeping and accounting would be managed by AI and wherever a scenario requires deeper interpretation, will be referred to humans who can handle high value tasks going forward. ...
1 reply by Kwiyuh Michael Wepngong
Nov 20, 2020 9:51 AM
Kwiyuh Michael Wepngong
...
Hi Gladson,
Your response is so insightful. I think I will research more on this digital accounting... but just like you said, AI wouldn't handle all
Kwiyuh Michael Wepngong
Community Champion
Financial Management Specialist | US Peace Corps / Cameroon
Yaounde, Centre, Cameroon
Nov 20, 2020 7:12 AM
Replying to Gladson Pinto
...
Clearly Distributed Ledger Technology (DLT) or Blockchain has the potential to disrupt Finance industry in a big way. This will naturally have its cascading impact on Book keeping as well as Accountancy. How to reference and relate to blockchain data will be key for Accountancy here.
Artificial Intelligence (AI) is another technology which can take over areas which are well structured with clear rules (Accountancy). The routine and mundane book keeping and accounting would be managed by AI and wherever a scenario requires deeper interpretation, will be referred to humans who can handle high value tasks going forward. Your response is so insightful. I think I will research more on this digital accounting... but just like you said, AI wouldn't handle all |
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