Hello, Please I need a paraphrasing of the following:

Will Technology Replace Accountants?

Accounting and finance professionals are in a big dilemma is AI replace accountants in the future? Dont worry! Here is the clarity.

The revolution of Artificial Intelligence in accounting will not be slowdown in any way. AI technology has the full capability to perform all mundane tasks of accountants. But, it does not mean that it will replace accountants.

Human intelligence will always be needed to perform and run technology efficiently. The companies require accountants for interpreting and analyzing data captured by AI machines. Moreover, accountants will play a significant role in providing consulting services better than machines.

Therefore, rather than replacing accountants, artificial intelligence helps accountants to do their regular tasks in a modern way. As AI and ML perform repetitive tasks with more efficiency, accountants can save their time and focus on other general functions like data analysis and consulting services.

So, the future of accounting jobs will be automated and intelligently supported with AI, and AI machines will replace not human workforce.

Conclusion

The digital transformation in accounting and finance connects machines and humans to make the workflow more efficient. As machines can collect and process vast amounts of data, they can derive patterns and learn from the data. Since machines handle repetitive and tedious tasks, the accounting and finance experts will have enough time to focus on the tasks they are exerted in. Hence, we can strongly say that artificial intelligence will be the future of the accounting and finance industry.