The fourth industrial revolution is upon us and the focus is on automating cognitive work. This is going to mean big changes for the accounting industry. One prediction is that by 2025 – 1 out of 3 corporate audits is going to be completed by AI. Is your firm ready? Read more – https://bottleneckbuster.com/daily/prediction-for-corporate-audits-and-ai/…
The fourth industrial revolution is upon us. It’s going to mean big changes for the way we work and live. A major difference between this industrial revolution and the previous three is what will be automated. Previously, the focus was on automating physical work. This time around the focus will be on automating cognitive work. One prediction is that…
Most of the work done at your firm today is likely done by your team. Tomorrow, this work is likely to be done by digital workers. Let’s talk more about what a digital worker is, why you need them and how you train them. Read more – https://bottleneckbuster.com/daily/training-digital-workers-2/ How and where to connect with…
Welcome to the Accounting Automation podcast. I’m the host Sean Boyce and I’m an expert in automation and technology that helps accounting firms scale their profit exponentially without needing to hire additional accountants. How and where to connect with Sean: Website Daily List YouTube Connect with Sean on LinkedIn Email Sean at sean@nxtstep.io
Much of the work that gets done at firms today is done by people. Most of the work that will be done tomorrow will be completed by digital workers. Digital workers are bots that you will be able to train similarly to how you train your team today. Now, I can definitely understand if this…
It’s that time of year again! I’m talking about everyone’s favorite season to hate tax season. Have you done yours yet? Plenty of us probably haven’t and many businesses probably haven’t even started. The whole process can turn into a real mess. What I want to ask is what impact does this have on our lives? …
When you are starting out with machine learning, you’re often taught with what’s called the iris challenge. For those that don’t know, iris is a plant species of flowers. Here’s a photo below that I’ll use to explain the challenge. The background is that flowers are grouped into different categories based on their characteristics like…
Remember when you were a kid and you used to love solving puzzles? Why do you think you enjoyed that? Perhaps it was because what you did then, isn’t what you do now… People aren’t great at repetition. Doing the same thing over and over again for hours can be boring and tedious leading to…
Technology is disrupting every industry. The biggest advancements are coming in the way of intelligent automation to alleviate our teams of the most time consuming and problematic steps in the things we do A LOT. Since automation is expected to play a much larger role, our teams are expected to change shape quite a bit.…
Technology is changing the way everything operates and professional services firms are no exception. If you haven’t adopted the latest that technology has to offer your firm then you need to get onboard quickly before you get left behind. If you’re not careful, the industry will shift under you and you could find yourself on…