3/29/2024 0 Comments Arina dreamsYou probably are well aware of the Internet of Things (IoT), even if you haven't used the term much. As brilliant minds come up with new ideas, which technologies will be a passing fad, and which will be indispensable in the next 10 years? Here are some emerging technologies for CPAs to watch. While accounting may not be as fun as downloading your favorite songs to your phone, technology can transform the industry all the same. Technology advances at an amazing pace, and new developments constantly emerge that may have been just a dream in years past. Likewise, CPAs wouldn't dream of sending a large financial report over email with that same slow internet, let alone trust their important data to a "cloud." Yet according to a 2018 Sage report (download required), 67% of accountants reported preferring cloud accounting. In 1999, as you waited for hours for a song to download on Napster over a dial-up internet connection, the idea of streaming your favorite TV shows and movies online would have seemed impossible. It's hard to predict how tech will change the world. Justin Hatch is the founder and CEO of Reach Reporting, a leading visual reporting software supplier.
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