Home Generative AI to Cut Accounting Tasks Time

Generative AI to Cut Accounting Tasks Time

Share
Share

Generative AI to Cut Accounting Tasks Time

A new report by Pearson suggests that generative AI could automate 46% of time spent on accounting tasks in India by 2032. This could involve 30% or more of the time spent on tasks in white-collar roles such as accountants, bookkeeping clerks, word processor operators, administrative secretaries, and stall/market salespersons.

In contrast, less than 1% of blue-collar jobs like weavers, knitters, waiters, bakers/cooks could be done by generative AI. The report also highlights a significant 29% difference in task-level impact between white-collar and blue-collar jobs in India. The most impacted job is accounting and book-keeping, followed by word processors and related operators.

(With inputs from Shikha Singh)

Share

Latest News

Ripple Targets $50B Valuation With New $750M Share Buyback
News

Ripple Targets $50B Valuation With New $750M Share Buyback

Well-known blockchain company Ripple is said to be launching a $750 million share buyback programme, raising its valuation to around $50 billion,...

Strive Allocates $50M Treasury To Strategy’s STRC Preferred Stock
News

Strive Allocates $50M Treasury To Strategy’s STRC Preferred Stock

Asset management company Strive Asset Management has put $50 million of its corporate treasury into Strategy’s preferred stock, STRC, which is linked...

Metaplanet Launches $26M Bitcoin Venture Arm Despite $680M Loss
News

Metaplanet Launches $26M Bitcoin Venture Arm Despite $680M Loss

The establishment of a new venture capital subsidiary to assist the growth of Bitcoin-related financial infrastructure in Japan has been announced by...

India Plans Crypto Monitoring Lab To Track Offshore Exchanges
News

India Plans Crypto Monitoring Lab To Track Offshore Exchanges

To keep an eye on cryptocurrency activities connected to overseas exchanges that function outside of India’s legal framework, the country is getting...

Latest Blogs

AI-enabled Fraud: Real Cases, Scammer Tactics & Smart Prevention Tips

Hey, congratulations! You won the Rs 2 Crore lottery. To withdraw funds, share your bank details along with a one-time password (OTP)...

Healthcare Will Never Be The Same, Thanks To Blockchain

We have all heard this famous saying, “Health is Wealth’. Success, wealth, and accomplishments are meaningless without good health. Nothing is more...

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM) to withdraw money? Well, with the advent of Unified Payments...

“Bitcoin Hi Bhavishya Hai?” A Latest Statement Of Michael Saylor About BTC

Key Takeaways In the Sujal Show podcast, Michael Saylor shared easy lessons about Bitcoin and saving money. He said Bitcoin is like...

Related Articles

AI-enabled Fraud: Real Cases, Scammer Tactics & Smart Prevention Tips

Hey, congratulations! You won the Rs 2 Crore lottery. To withdraw funds,...

Healthcare Will Never Be The Same, Thanks To Blockchain

We have all heard this famous saying, “Health is Wealth’. Success, wealth,...

AI-enabled Fraud Detection In Digital Finance

Do you remember the last time you used an Automated Teller Machine(ATM)...

“Bitcoin Hi Bhavishya Hai?” A Latest Statement Of Michael Saylor About BTC

Key Takeaways In the Sujal Show podcast, Michael Saylor shared easy lessons...