Recently I wrote a post about the accounting profession and its future in light of artificial intelligence (AI) and software vendors’ eventual and unavoidable intention to apply it to problem areas that accounting professionals usually deal with. My post certainly got people thinking and talking.
One stream of thought came from an accountant situated in Australia who has built a small but effective practice off the back of Xero’s product. Said accountant was adamant that I was totally wrong. Basically his angle was that software vendors have a history of overstating just how disruptive their products actually are and that businesses will always need a trusted human adviser who can give them advice after analyzing and synthesizing a client's data.