Accountants
Four simple ways accountants can keep up with disruptive technology
1 . Stay calm
As the rate of technological change continues to grow exponentially, it can be uncomfortable or even frightening for people who don’t get excited about change. But it can also be an incredible opportunity for those who embrace it. So avoid panicking and take a calm, rational approach.2 . Educate yourself and your firm
Understanding is critical. You don’t need to become an expert on predictive analytics, machine learning, blockchain, AI, algorithms and other disruptive technologies, but you should cultivate a collection of voices you can trust, assimilate the information and form your own opinions. Read everything you can on the subject. Attend conferences, webinars and workshops. Identify people in your firm who are passionate about these technologies. Send them to training opportunities and let them share what they’ve learned with you and your leadership team.3 . Make a plan
We know that accounting firms will be disrupted by technology, but the profession isn’t going away. It will just be different than it is today. Building alignment and getting everyone in the firm moving in the same direction is critical. If people are confused about the firm’s vision and leadership, they won’t buy into the changes that need to be made. An outside facilitator can help with strategic planning, envisioning or business transformation and add some much-needed perspective.4 . Communicate with your team
One of the most important things your firm needs to do is let your team know that you understand the changes that are coming and have a plan to meet them head-on. Many of the people you work with are just as intimidated by emerging technologies and dire predictions as you are. If you don’t take the time to reassure them you have a plan, they will look for a firm that does.The four Cs of managing change
Keeping up with the pace of change requires commitment, courage, capability and confidence. I’m sure most of us would prefer to start with confidence, but it only comes after having the courage to make a change, making a commitment and developing the capability. Remember, this is not a do-it-yourself project, and you don’t need to reinvent the wheel. Seek out peer communities and solution providers who can help you along the way.Sage Accountants Network
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