The Woodard Report Podcast: Featuring Heather Satterley and Joe Woodard Episode 103 - AI in Accounting: Transforming the Future with Deborah Defer - The Woodard Report Podcast
11 snips
Dec 23, 2024 Discover how artificial intelligence is revolutionizing the accounting sector as an industry expert shares insights from their career journey. They discuss the necessity of blending advanced technologies with human expertise, ensuring accuracy amidst rapid change. The transformative power of AI tools is emphasized, alongside best practices for their integration. Plus, explore innovative applications like Chat GPT to enhance content creation and streamline workflows, while addressing potential future regulations in AI.
AI Snips
Chapters
Transcript
Episode notes
Defer's Career Journey
- Deborah Defer's accounting journey began unexpectedly when she transitioned from a controller role in industry to public accounting in 2007.
- Her career accelerated significantly after BDO acquired her firm, leading to a key role in growing their outsourcing practice from $12 million to $70 million.
AI Spending Surge
- AI spending in the enterprise business has seen an enormous increase, growing over six times from $2.3 billion in 2023 to $13.8 billion in 2024.
- This rapid growth highlights the accelerating adoption and investment in AI technologies across businesses.
Don't Focus on Risk First
- If your initial thought regarding AI is risk, you are already behind the curve.
- Embrace AI's potential and explore technology partners who can help implement it effectively in your firm.