When you played sports as a kid did you ever realize how coaches gave you instructions? I remember hearing phrase like, ‘keep you eye on the ball’ and ‘make the catch first’ quite a lot. Did you ever stop think about why that was? I think it’s because we have a tendency to want to skip…
When I was a kid I was big into cars. This went from matchbox eventually building a full radio controlled car of my own. I built it from scratch in a kit that seemed to have a million pieces. I didn’t have any help. I read the instructions thoroughly and put the whole car together. …
A survey of 200 CFOs was recently conducted that resulted in some interesting data regarding the current and future state of the accounting and finance industry. Here’s a few statistics from that survey: 86% said the skills of their team must evolve for new roles played by data and analytics Under 10% said that their…
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…
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.…
Some people are fearful of what adopting automation and artificial intelligence (AI) will mean for their jobs. However, the focus in many industries is on augmentation NOT replacement. I’ll use an example from the professional services industry. CPA firms offer audit services as part of their value add to their clients. This is to ensure…