For accountants and bookkeepers, each day brings a piece of jargon - bitcoin, AI, machine learning. Luckily, TED Talks specialise in breaking down complex topics into digestible chunks, delivered by experts. We've picked out 6 essential TED Talks for accountants and bookkeepers so you can stay informed, and future-proof your practice.
1. Philip Evans: How data will transform business
Real-time data has been a buzzword in cloud accounting circles ever since we started moving data online. The ability to see the health of your business in real-time has the potential to massively boost efficiency, solving issues ranging from managing cashflow to securing credit.
Here Philip Evans, a senior partner and managing director at the Boston Consulting Group, explains how the big data economy will transform business strategy.
2. Kevin Kelly: How AI can bring on a second Industrial Revolution
As much as some enjoy predicting the end of the profession thanks to the advance of robots, the effects of artificial intelligence are much more nuanced than the headlines would have you believe. At Receipt Bank, we think it's going to have a big impact, and enjoy discussing the future of artifical intelligence for accountants and bookkeepers.
In this talk, Kelly explores three trends in AI we need to understand in order to see where it is going. After all, he says, "The most popular AI product 20 years from now that everyone uses has not been invented yet." That leaves plenty of times for this industry, and you, to adapt.
3.Paul Kemp-Robertson: Bitcoin. Sweat. Tide. Meet the future of branded currency
For centuries, accountants and bookkeepers have helped their clients track their earnings, growth and success. And so far, it has all been in tangible currency. Now, however, bitcoin is changing what it means to have value.
Paul Kemp-Robertson explains a new kind of currency, free from banks and governments – one that your clients may be trading in already.
4. Bettina Warburg: How the blockchain will radically transform the economy
With new currency comes new systems of control and exchange. After all, how do you guarantee the value of virtual currency? The answer is blockchain, a new distributed, transparent digital ledger. And it takes some getting used to.
Bettina Warburg walks us through how this new system is going to change the world of commerce and finance, so you can get ready to add a new ledger to your arsenal.
5. SHIVANI SIROYA: A SMART LOAN FOR PEOPLE WITH NO CREDIT HISTORY (YET)
Credit history has long been the guarantor of a safe loan - you lend to those with a demonstrated history of fiscal responsibility. But what if you don't have a history? Mobile technology is already having a huge impact on bookkeeping, but it can go even further.
Shivani Siroya explains how mobile phones can be used to create a financial identity, freeing your clients from the old way of doing things, and opening a bright new credit future.
6. David Autor: Will automation take away all our jobs?
Automation is not a new phenomenon. Work has become increasingly automated for over a century, from steam engine to algorithm.
Just as Kevin Kelley looks to the future to imagine where artificial intelligence could take us, so David Autor looks to the past to examine why human labour still hasn't become obsolete.
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