How artificial intelligence will impact accounting

So many works of film and fiction are hooked on the rise of artificial intelligence (AI) and what it might mean for humanity. They are often apocalyptic tales – Blade Runner, Alien, Terminator – where mankind comes off badly. But now that AI is being spearheaded by internet giants such as Google, Microsoft and Amazon, and our daily lives are increasingly affected by AI systems – chat bots, purchase prediction, news generation – what will really happen? In 2015 the UK media widely picked up on American media organisation NPR's calculator that could predict which jobs are susceptible to computerisation. The calculator, using research by the University of Oxford, said accountants have a 95% chance of losing their jobs as machines take over the number crunching and data analysis.