From the course: The Future of AI for Finance and Accounting
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Finance at the forefront of technology
From the course: The Future of AI for Finance and Accounting
Finance at the forefront of technology
- Finance has always been an industry at the forefront of technology. Why? Because it provides an edge that turns into financial benefits. After all, an edge in finance, banking and trading is where the big money is made. It's why finance professionals often say, "Follow the money," when it comes to a trade or investible theme. And using technology to follow the money is not a new strategy. In the 1980s, accounting firms transitioned from paper spreadsheets to digital spreadsheets, with the rollout of a program called Lotus 1-2-3, which was the forerunner of Excel. Most accounting and finance firms at the time faced a clear challenge: adopt the new digital technology, or risk going out of business. Individual accounting and finance professionals had a similar choice. Learn how to use the latest tech, or risk losing your job or profession. Accounting and finance professionals quickly embraced the use of digital spreadsheets because they offered a more rapid way to compile and analyze…
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