The future of work is bringing new language to us. We all know that artificial intelligence is bringing about seismic changes to the workforce. But “globots” and “telemigrants” are predicted to cause major upheaval as well. Learn more.
Like other industries, the consulting industry is being disrupted in many ways. With the rise of artificial intelligence, machine learning, blockchain and advanced analytics, consultants may find themselves working closely with artificially intelligent systems that can analyze huge volumes of data that are incomprehensible to the human mind. Learn more about how data analytics are changing the consulting industry – and what is perhaps the most important consulting skill going into the 2020s.
According to Accenture, the impact of Artificial Intelligence (AI) technologies on business is projected to increase labor productivity by up to 40%, and enable people to make more efficient use of their time.
- Learn how generative design and additive manufacturing (i.e., 3-D printing) is changing the manufacturing world here.
- Check out how generative design could radically transform the look of our world here.
- Delve into a new world of highly efficient products made by generative design here.
- Take a sneak peak into the first large-scale generative designed office here.
So what does the rise of intelligent machines mean for the future of accountants?
Accounting Today recently endeavored to answer that question with help from two executives from Genpact, a global leader in digitally-powered business process management and services with experience in serving one-fifth of the Fortune Global 500.
- A large number of positions now handled by people, including accounting jobs, will be supplemented or replaced in some way by intelligent machines
- The accounting industry is already seeing a displacement of jobs through outsourcing and robotic process automation
- By diving into LinkedIn analytics, it is evident that numerous, expanded career paths may exist for accountants in roles traditionally unrelated to finance and accounting
- One-third of 1,120 randomly selected people with “accountant” roles in their LinkedIn profile have held a role unrelated to finance and accounting
- Customer service, operations, and sales and marketing were all well-represented in the LinkedIn research
- Additionally, positions in research, program management, consulting and business analysis stood out
The bottom line?
The Genpact executives believe that accountants offer skill sets that can help address a wide array of business challenges and the future offers expanded opportunities for these professionals in non-traditional finance and accounting roles.
Read the full article here.
These are the top 10 strategic trends Gartner sees breaking out of the emerging space to have a potentially substantial impact over consumers and industries during the next five years.
- Artificial Intelligence (AI) and Advanced Machine Learning
- Intelligent Apps like VPAs (virtual personal assistants) and VCAs (virtual customer assistants)
- Intelligent Things like drones, autonomous vehicles, and smart appliances
- Virtual and Augmented Reality
- Digital Twins
- Blockchain and Distributed Ledgers
- Conversational Systems
- Mesh App and Service Architecture (MASA)
- Digital Technology Platforms
- Adaptive Security Architecture
Are you ready to peek into the future?
1. Workplace Structures
Forget the rigid corporate ladder – now the corporate lattice allows free-flowing ideas and career paths
2. Artificial Intelligence
The robots are coming and if the forecasts are correct, they could impact millions of jobs
3. The Human Cloud
Websites that match employers with freelancers are growing fast
4. Workplace Monitoring
Are you ready to be tracked in a much different way?
5. The End of Retirement
There’s no more automatic “out” at age 65
Read the full article here.