Week 1 - Check In

 

Thoughts on Accounting and AI 

As an accounting major, I've already been hearing about AI being implemented into the industry. Some concerns may pop into mind right away, but there may be some benefits to it as well. I know the more popular concern is whether AI will take over our jobs. Will we be competing with technology for a chance to work? How could we ever compete with technology that may be faster or smarter than us? These are some questions that in my previous classes have been brough up and discussed. What we have gone over in my accounting courses and even previous BALT courses like Mgr Decision Making Under Uncertainty (we went over AI and ChatGPT) is that yes, AI is already makings its way into our daily lives, and we will find technological changes somewhere down the line. 

In the accounting field, AI might change the procedures that accountants are used to. Such as the way they create financial statements and put data into the system. Software is definitely going to be what is most affected by AI because they are technological systems themselves. They need to be updated consistently in a world where new technology is coming out often and quickly. We might get used to the way we take on our tasks, but it is quite important to stay up to date, or else we may fall behind. Technology moves quick. AI will move quick. Accountants will move quicker, and the job can become less stressful with AI.