Posts Tagged ‘robots’

Thursday, February 4th, 2016

Will Much Of What You Do Be Replaced By Machines?

All of us, in the business world, have been dealing with significant changes in the way we work. Accountants have been automating many of their tasks for years now. Remember the first “portable” computers we used in accounting firms? They weighed about 30 pounds but we still thought they were cool.

I am sure that, by now, you have been reading about the massive changes that are continuing to come our way. McKinsey & Co. estimates that 45% of all activities humans perform in the workplace can be done by software or machines.

McKinsey also estimates that somewhere between 85% and 100% of the labor, in 5 categories of jobs, can be done by machines rather than humans. Here are those 5 categories. Take note of #2.

  1. Production workers
  2. Bookkeeping, accounting, auditing and billing clerks
  3. Mechanics and automotive technicians
  4. Construction equipment operators
  5. Bakers and butchers

Maybe the talent shortage in the CPA profession will lead CPAs to more quickly move down the road to automation.

Read more about this topic here.

  • The danger of the past was that men became slaves. The danger of the future is that man may become robots.
  • Erich Fromm