Cryptocurrency is a hot item in the world of accounting. As the popularity of these decentralized currencies grows, accountants analyze how new tech and standards will change the way they work. Facing disruptions in the financial sector, professional accountants have to adapt to the ways crypto alters business practices. From education to auditing, cryptocurrencies offer new … [Read more...] about Has Cryptocurrency Increased the Need for Accountants?
How are technological advancements such as artificial intelligence (AI), robots and other innovations affecting business and the economy? The emergence of these innovations has legislators considering how to change policies to leverage the profit of tech companies for the benefit of citizens. However, tax levies, such as those implemented in municipalities such as New York … [Read more...] about Should We Change Our Tax System to Keep up With Tech?
The origin of the term big data can be traced back to a book by Erik Larson in 1989. However, economists and industry pundits have only started to discuss the impact big data has played in global organisations over the past few years. The impact has been incredible and will be even more significant by the end of the decade. Here are some of the applications brands are using big … [Read more...] about 3 Ways Organizations are Leveraging Big Data Across Different Applications
According to the OECD, since 1967, the share of men aged 25 to 54 without work has more than tripled, from 5 percent to 16 percent. But the reasons they are not working have less to do with the rise of the machines than we are being led to believe. Not only will machines compete for positions, but global population growth and a rather stunted job market will make competition … [Read more...] about If a Robot is Going to Take My Job, Should it Pay My Taxes?
Government services, or the public sector, are known for creating large volumes of data. Big data thus provides plenty opportunities for governments to save a lot of public money. According to the UK free market think thank Policy Exchange, the UK government could save up to 33 billion a year by using public Big Data more effectively. McKinsey has investigated that the … [Read more...] about 4 Benefits For The Public Sector When Governments Start Using Big Data