6 Disruption in reporting and the new technology
New accounting systems based on new technology
The pace of technological change and disruptive technologies have, if anything, been accelerated by the COVID-19 coronavirus. Financial reporting will be largely effected via technological enhancements of the internet, self-service reporting, real-time capture of events, big data, the cloud, whatever replaces the cloud (such as edge or fog computing), the web, and the newer ‘dark’ or grey web (defined in Appendix 3.06.1). Will technology make the present unwieldy and largely unread printed reports become a relic of the past? Probably.
Enter artificial intelligence (AI) into the equation. AI may make a host of decisions for humans – including taking ...
