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.