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Accountants – Can Your Job Be Done by a Computer?

Accountants – Can Your Job Be Done by a Computer?

In a study published in late 2013 by Carl Frey and Michael Osborne of the Oxford Martin School, 47% of all US jobs are susceptible to the risk of automation by computer. Surprising, it’s not the jobs may you think.

A heavy portion of the jobs listed in the study as ripe for automation included jobs in the accounting and banking fields. The Future of Employment provided the accounting world with the catalyst it needed to evolve its services in an automated world. The accounting profession itself was analyzed to have a 94% chance of automation. While another common profession, loan officer, has an astonishing 98% chance of being automated. As shocking as it seems, the technology market has already set this prediction into motion with fantastic new tools being introduced every month. Products like Expensify, for expense reporting; T-Sheets, for automated timekeeping; and Finagraph, for automated financial analysis.

Darwin Would Love Today’s Mom and Pop Stores – In Celebration of National Mom and Pop Business Owners Day

Darwin Would Love Today’s Mom and Pop Stores – In Celebration of National Mom and Pop Business Owners Day

Survival of the fittest. That’s exactly how I would describe the conditions created in recent history within many American communities. The rise of the mega stores, or shopping clubs, create an intense amount of pressure for the traditional Mom and Pop stores. Lower prices and a seemingly unending amount of choices, combined with overwhelming advertising, make it virtually impossible for a small store to compete. 

Like Charles Darwin’s theory of evolution by natural selection, many of today’s mega corporations evolved from smaller business entities. Through a series of generations, the corporations took on different attributes and naturally evolved to meet the conditions that surrounded it. There can be microevolution where the original organism changes shape or color. Or macroevolution where the old version no longer exists.