1.5 The Influences of Modern Technologies on Accounting Professional

We live in an age of technological advancements and innovation，such as cloud computing，big data，process automation，artificial intelligence，blockchain，the Internet of Things，mobile technologies，3-D printing. These factors are transforming the way in which we work and live. Big data and the Internet of Things generate huge amounts of data；data analytics transforms this into useful information that supports artificial intelligence and machine learning. Essentially process automation is becoming smarter and can make decisions using reasoning，language and learned behavior.

Repetitive，low-skilled manual tasks such as data entry，duplication and processes that add minimal value to the end users of financial information are most likely to be automated by new developments in process automation software. This will free up time and resource for higher level value-added activities. However，retaining expertise and ensuring knowledge and understanding of the basic functions of accounting systems and how these functions operate will be a challenge for the modern finance professional.