Emerging technologies are at the forefront of modern business. Specifically, artificial intelligence (AI) is a fast growing part of many companies across all industries. This means that if you want to keep up with the market, you will need to put more focus on AI.
With financial data moving out of the silos in organizations, the management accountant has followed. In the past, the management accountant would work in total isolation, delivering various reports that are filled with all sorts of numbers on spreadsheets. Today, they have a much higher likelihood of being embedded in a business unit or working with various project teams.
Diversity needs to be a core value and not just a policy that recruiters nod at with an occasional new hire who doesn't look like 95 percent of the rest of the company. When you think about what brands and companies are asked to do in the name of inclusion, it should be about how you bring the outside world into the company.
Those in the industry of financial compliance are dealing with an ever-evolving landscape. They are plagued with an ever-expanding universe of risks and responsibilities to continually assess, manage, prioritize, and allocate resources across a wide array of concerns. While this is a necessary part of their job, it’s one that is, unfortunately, an inexact science.
With all the news out there about AI (artificial intelligence) some accounting professionals may consider this tech a threat to their livelihood. In fact, there’s quite a bit of speculation that AI may be extremely helpful for any data-driven industries, including accounting, that may lead to reduced requirements in the workforce.
Artificial Intelligence (AI) is becoming more and more useful for a variety of industries. There will likely be a large strategic push to grow AI presence in businesses across the board in the years to come. The biggest challenge will be hiring the right people to comprise these teams.