Deloitte, EY, PwC, and KPMG – the largest professional services firms, popularly known as Big Four, has invested $9 billion in artificial intelligence and data technology. The investment also covers data analysis, AI work, and technical training for the employees. Christian Rast, KPMG Global head of technology, said in a statement, “We are a professional services firm, but technology is core to our future.”
The vision is to change the industry with new technologies and embrace the updated automation and augmentation. With this, most invoice processing jobs will go away, and many jobs would be available for accounting and auditing. Also, accountants are expected to be business advisers.