VC firms are pioneering a new investment strategy: acquiring established businesses and optimizing them with AI to boost efficiency and customer reach.
You can never fully replace an accountant with AI, you can replace the assistants, the bookkeepers, secretary and other support staff, but the accountants themselves are never going to be replaced.
People want something that tells them everything is okey or trust on a certain quality standard. That’s why accountants where introduced in the first place.
But man we are still manually entering data from invoices, using basic bank imports that in some countries(cough US) don’t even work properly to be trusted in the first place. Invest into AI in the right part of the accounting sector and you can make millions and I have been saying this from before the AI boom.
Edit: nobody likes mindlessly entering transactions, that’s why bank connections are basically the standard now. Same for OCR invoice processing and asset tracking.
Automating data entry would be great. I myself would love that in my scientific job. It just seems like none of the agentic models are anywhere close to what’s needed to deliver that.
I feel you, and AI tech has been completely squandered.
My phone knows everything about me and has for the last decade.
It is not able to do a single useful thing for me.
It knows where I go, when I go, what my schedule is, what I buy, what I don’t.
It has never been able to suggest anything useful, advise me of a sale on products that I buy, let me know about a vendor in my area that can deliver for cheaper.
It’s not able to notice that I’m trying to format text on my screen and I’m entering the same bullet at the front of things. It would never take over and say oh let me copy paste this very obvious task you’re doing that even a child could deduce from your primitive actions.
“Transfer all of my image files off of my phone into a folder on my computer, then reorganize all of the photos on my phone into sensible groupings instead of random folders all over the place that have piled up over the years”. Not going to happen, because that’s useful.
“Hey phone, I’m going out. Take a look at my shopping lists and let me know what stores have what on sale so I can save a few bucks. You know all the stores I go to, because you’re watching my every move.” Not going to happen, because that’s useful.
When AI is implemented into businesses, it’s qualified to direct you to an FAQ. Any opportunity to win new customers with high level service is squandered.
I do not hate ai, I detest the fact that the possibilities to improve the lives of people have been completely ignored, while it is primarily implemented as a cost saving measure. Completely short-sighted and fucking useless.
You can never fully replace an accountant with AI, you can replace the assistants, the bookkeepers, secretary and other support staff, but the accountants themselves are never going to be replaced. People want something that tells them everything is okey or trust on a certain quality standard. That’s why accountants where introduced in the first place.
But man we are still manually entering data from invoices, using basic bank imports that in some countries(cough US) don’t even work properly to be trusted in the first place. Invest into AI in the right part of the accounting sector and you can make millions and I have been saying this from before the AI boom.
Edit: nobody likes mindlessly entering transactions, that’s why bank connections are basically the standard now. Same for OCR invoice processing and asset tracking.
Automating data entry would be great. I myself would love that in my scientific job. It just seems like none of the agentic models are anywhere close to what’s needed to deliver that.
Yeah, something like Peppol (digital invoice exchange system) wil also be easier in the bookkeeping/accounting fild.
I feel you, and AI tech has been completely squandered.
My phone knows everything about me and has for the last decade.
It is not able to do a single useful thing for me.
It knows where I go, when I go, what my schedule is, what I buy, what I don’t.
It has never been able to suggest anything useful, advise me of a sale on products that I buy, let me know about a vendor in my area that can deliver for cheaper.
It’s not able to notice that I’m trying to format text on my screen and I’m entering the same bullet at the front of things. It would never take over and say oh let me copy paste this very obvious task you’re doing that even a child could deduce from your primitive actions.
“Transfer all of my image files off of my phone into a folder on my computer, then reorganize all of the photos on my phone into sensible groupings instead of random folders all over the place that have piled up over the years”. Not going to happen, because that’s useful.
“Hey phone, I’m going out. Take a look at my shopping lists and let me know what stores have what on sale so I can save a few bucks. You know all the stores I go to, because you’re watching my every move.” Not going to happen, because that’s useful.
When AI is implemented into businesses, it’s qualified to direct you to an FAQ. Any opportunity to win new customers with high level service is squandered.
I do not hate ai, I detest the fact that the possibilities to improve the lives of people have been completely ignored, while it is primarily implemented as a cost saving measure. Completely short-sighted and fucking useless.