If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Deutsche Bank CEO: Robots are going to take your jobs, especially those of accountants. Please, will somebody think about the accountants   ( cnbc.com) divider line
    More: Obvious, Deutsche Bank, Artificial intelligence, Automation, Bank of America, Oxford University estimate, Frankfurt am Main, National Governors Association, Financial Times  
•       •       •

657 clicks; posted to Business » on 09 Nov 2017 at 8:50 AM (36 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2017-11-09 08:23:24 AM  
They'll just have to find a new career.
s-media-cache-ak0.pinimg.comView Full Size
 
2017-11-09 09:34:32 AM  
Bite my shiny metal spreadsheets!
img.fark.netView Full Size

img.fark.netView Full Size
 
2017-11-09 09:49:33 AM  
actuarially, they'll be fine
 
2017-11-09 09:59:20 AM  
So pretty soon it will just be a CEO and board of directors with assistants that are hookers.
 
2017-11-09 10:14:42 AM  
It will just give them more time to follow there true calling of being a Lumberjack!
 
2017-11-09 10:15:14 AM  
It seems the best employment strategy is to become a robot, or at the very least a cyborg.
 
2017-11-09 10:24:40 AM  
No, let's not think of the Accountants.

A big reason our tax system is so farked up is because of accountants.

Step one: Keep it complicated
Step two: ...
Step three: Profit!
 
2017-11-09 10:35:12 AM  
Fraud will be much easier to accomplish when there are no people involved in keeping the books. The CEOs will steal everything.
 
2017-11-09 10:46:29 AM  

TedCruz'sCrazyDad: Fraud will be much easier to accomplish when there are no people involved in keeping the books. The CEOs will steal everything.


But think of all the laptops that will be imprisoned!
 
2017-11-09 10:47:23 AM  
Sure, if they want accountants that will adhere to every rule, without exception.

(they don't want that)
 
2017-11-09 10:47:55 AM  

groppet: So pretty soon it will just be a CEO and board of directors with assistants that are hookers.


albatros183: It will just give them more time to follow there true calling of being a Lumberjack!


I think if you two hash out a plan together, things could get very interesting very quickly.
 
2017-11-09 10:48:55 AM  

albatros183: It will just give them more time to follow there true calling of being a Lumberjack!


Also, the accountant had dreams of being a Lion Tamer, because he didn't realize what a Lion was.
 
2017-11-09 11:12:11 AM  
Do we really need a robot to replace an accountant?  Couldn't Excel 2007 do the trick?
 
2017-11-09 11:24:41 AM  
This is just a continuation of the last 30 or so years (since the beginning of desktop computing). There will probably still be a need a few forensic troubleshooters, but in 8-10 years? I imagine 75% of the jobs (and almost all of the entry level ones) will be gone.

/Been doing this a long time.
 
2017-11-09 11:25:42 AM  
Accountants are cool.

What we need is an open season on MBAs.

With No Bag Limit.
 
2017-11-09 11:47:21 AM  
Problem is, robots or computer programs aren't going to lie for you.  If an algorithm could commit fraud or insider trading (well), there wouldn't be anything but computers on wall street.
 
2017-11-09 12:12:15 PM  

Nicholas D. Wolfwood: Accountants are cool.

What we need is an open season on MBAs.

With No Bag Limit.


Most everyone above a grunt is a MBA.
 
2017-11-09 12:21:19 PM  

cefm: Problem is, robots or computer programs aren't going to lie for you.  If an algorithm could commit fraud or insider trading (well), there wouldn't be anything but computers on wall street.


Problem two: garbage in, garbage out.

The program will need a means of verification for the data it is responsible for.  Otherwise it's simply a matter of feeding the data in a way that gets the outcome you want.
 
2017-11-09 12:58:00 PM  

groppet: So pretty soon it will just be a CEO and board of directors with assistants that are hookers.


Until the CEO realizes he can outsource the directorships to one of these:
img.fark.netView Full Size
 
2017-11-09 01:27:12 PM  

EbolaNYC: Step one: Keep it complicated
Step two:

Sarbanes Oxley
Step three: Profit!

FTFY

/Accountant, CFE
//bring on the sexy robots
 
2017-11-09 01:46:22 PM  
Aaaaaaand here we go!!!
 
2017-11-09 01:47:41 PM  

ssaoi: Do we really need a robot to replace an accountant?  Couldn't Excel 2007 do the trick?


A macro in excel is essentially the same thing.  A robot accountant would execute commands just like a tinier macro.
 
2017-11-09 02:03:13 PM  
lol no

They'd first have to make *people* and my co-workers perfect robots.  One of the reasons you have accountants is to fix stupid shiat other people did.  And cook the books (allegedly).  Sure, lots of entry level accounting is now all Excel macros and pivot tables, etc. but that just means you get more work, not less.  There may be a slight decline, but you'll always need people to explain the numbers.  YMMV..

/gubment accountant
 
2017-11-09 02:37:11 PM  

Rapmaster2000: It seems the best employment strategy is to become a robot, or at the very least a cyborg.


Jared Patakian is ahead of the game.

images-na.ssl-images-amazon.comView Full Size
 
2017-11-09 02:56:37 PM  
With the way horrible management has been destroying my company the robots can farking have my job.  Robots probably won't yell "Bullshait, that's not true at all" 20 times a day at email from "management."

I'd be gone but there's an opportunity on another team I'm hoping will come through.  Two different ones, actually, but I really don't expect the C level clods to approve two projects (that will save us 2-3 million the first year) that make way too much sense.
 
2017-11-09 03:22:40 PM  

TheFoz: lol no

They'd first have to make *people* and my co-workers perfect robots.  One of the reasons you have accountants is to fix stupid shiat other people did.  And cook the books (allegedly).  Sure, lots of entry level accounting is now all Excel macros and pivot tables, etc. but that just means you get more work, not less.  There may be a slight decline, but you'll always need people to explain the numbers.  YMMV..

/gubment accountant


I think it was the Freakonomics podcast that covered the birth of the spreadsheet program...
Anyhow, accountants were trapped in a world of doing sums and applying formulas to individual values on broad physical spreadsheets. You didn't get much out of having an accountant, so there weren't many places to use them. But then the computer spreadsheet meant an accountant could build a formula and tweak it to see how things change. Suddenly accountants became in demand because you could use them for more than just adding things up.

The data entry guys might be screwed, they might be in greater demand as human quality control. Acccountants are probably safe, as long as they continue to be the builders of spreadsheets and interface with databases.
 
kab
2017-11-09 09:47:25 PM  
Automation is only a 'problem' when it starts hitting executive level positions.  Till then, it'll be heralded as the best thing ever, and the more employees it displaces, the better.
 
2017-11-10 12:47:39 AM  
Posting oblig video again as clearly half the Farkers above have not seen it:

Humans Need Not Apply
Youtube 7Pq-S557XQU
 
Displayed 28 of 28 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking

On Twitter





Top Commented
Javascript is required to view headlines in widget.
  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report