How Accounts Can Future-Proof Their Careers In The Era Of Artificial Intelligence

How Accounts Can Future-Proof Their Careers In The Era Of Artificial Intelligence

  • Many of these same experts point to the human experience as a key differentiator for accountants.
  • Many people and businesses have unique needs that first or second generation AI will be unable to understand.
  • Accountants today have the power to define the future of the profession.
  • The industry must develop the ability to adapt and evolve, as well as become proactive about the needs of tomorrow’s clients.
  • Accounting as a profession needs to change, providing consultation and guidance to help clients prepare for and meet the future.

How Accounts Can Future-Proof Their Careers In The Era Of Artificial Intelligence
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Accountants are embracing artificial intelligence

Accountants are embracing artificial intelligence

  • This is according to a new report by Sage, which says 96 percent of accountants are confident about the future of accountancy as well as their role in it.
  • Despite welcoming change, more than two thirds of respondents (68 percent) expect their roles to change through automation, in the future.
  • Here’s what accountants are expecting from automation: almost four in ten (38 percent) see number-crunching as their number one frustration.
  • Thirty-two percent still use manual methods for this work.
  • A quarter (25 percent) use Excel while seven percent still use handwritten notes.

Accountants are embracing artificial intelligence
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Could Artificial Intelligence Achieve Singularity in 20 Years?

Could #ArtificialIntelligence Achieve Singularity in 20 Years? 

 #fintech @techdiggnews #AI

  • It’s almost safe to say human level artificial intelligence will happen in the years to come, but the question is, how long do we have to wait?
  • As expected, many folks view a future of singularity AI to be a huge problem humans must refrain from bringing into existence, but Damien Scott, a Stanford University business and energy and earth sciences graduate, doesn’t quite agree.
  • “We’ll start to see narrow artificial intelligence domains that keep getting better than the best human,” Scott told Inverse in an interview.
  • Soon enough, every industry will have an AI calling the shots, but to us, the real problem would come into play if humans create an artificial intelligence with every imaginable information baked into its brain.
  • From what many industry pundits have to say, and what we have seen of modern artificial intelligence, its’s clear the singularity is coming.

Artificial intelligence is on the rise and getting smarter with every passing year. It’s almost safe to say human level artificial intelligence will happen in the years
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The Evolution of Artificial Intelligence

The Evolution of Artificial Intelligence 

#AI @Internetmeds

  • The third one was in 1969 when the word information technology was introduced in the world, and the fourth one is the revolution of Artificial Intelligence which we are experiencing right now.
  • Artificial Intelligence is the set of tools and programs that make any software smart enough that the observer would feel that he is dealing with a human, not with the software.
  • Artificial Narrow Intelligence: The first stage of AI as the name suggests is functionally very narrow.
  • Artificial General Intelligence: AGI may only be one step further from ANI but this step is the biggest achievement of humanity.
  • Artificial Super Intelligence: ASI is the final stage of AI predicted by the scientist in which the machines with ASI can able to pass the average human intelligence.

This world has seen four major revolutions that changed its entire face. The first revolution was in 1784 when the first steam engine introduced in the world. The second one was in 1870when the electricity was invented. The third one was in 1969 when the word information technology was introduced in the world, and the fourth one is the revolution of Artificial Intelligence which we are experiencing right now. The present revolutionary era is based on the extreme automation and global connectivity for which Artificial Intelligence is imperative. Just like the other three revolutions, the changes and developments that this revolution is creating will be the bedrock of our future and our way of interacting with technology and with each other.
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Stephen Hawking Finally Revealed His Plan for Preventing an AI Apocalypse

Stephen Hawking Finally Revealed His Plan for Preventing an #AI Apocalypse  via @Futurism

  • Hawking has expressed his opinions about topics that range from extraterrestrial life to artificial intelligence (AI), and of the latter, he has serious misgivings.
  • But like many other scientists and thinkers in today’s world, Hawking is concerned that the rise of AI is bringing with it various negative side effects.
  • He’s also worried that AI may take over the world or, worse yet, end it.
  • Our best bet against this AI uprising, he now tells The Times, is the creation of “some form of world government” that could control the technology.
  • Those institutions, such as the Partnership on AI and the Ethics and Governance of Artificial Intelligence Fund (or AI Fund), have begun developing guidelines or frameworks for developing AI more conscientiously.

This would prevent tech from destroying humanity.
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Technology of the next decade according to the World Economic Forum

7 amazing technologies we'll see by 2030  via @sai #technology #AI #IoT #wearables

  • Hollywood’s depictions of the future are usually pretty far-fetched — like the flying cars of “Blade Runner” and the hoverboards in “Back to the Future II.”
  • The World Economic forum surveyed over 800 experts and executives to find out what the future will actually look like.
  • Here are 7 amazing technologies they think the world will see by 2030.

The World Economic forum surveyed over 800 experts to find out what the future will hold.
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Samsung could be investing $1 billion into artificial intelligence

#samsung could be investing $1 billion into artificial intelligence

  • There’s little denying that the continued advancement of AI will be an important part of our future, and companies like Samsung will be a big part of this push forward, at least if the latest claim proves correct.
  • A new report from The Korea Herald indicates Samsung is considering the creation of a $1 billion fund to invest in the future of artificial intelligence.
  • The unnamed source is a Samsung official from the USA, claiming this money is to be used towards AI tech company acquisitions and investments in stakes.
  • This report seems to imply Samsung sees great potential in the future of AI.
  • This would make sense, as it has already been reported Samsung is open to working with google on AI, as well as investing in its own artificial intelligence services.

While many worry about artificial intelligence, Samsung believes it could be an important part of the future. Or at least that is what the latest rumors suggest.
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