Standout Stories

Accountants… A recent story in The New York Times story sent shivers throughout the alleyways of downtown Manhattan with its bold headline, “The Robots Are Coming for Wall Street.” Conjuring images of Arnold Schwarzenegger, armed with scientific calculator and a mandate to snuff out armies of analysts, the story painted a picture of a not-so-distant future in which half of Wall Street loses their jobs to automation software.

Further evidence suggests that the phenomenon is unfolding beyond Wall Street, affecting the broad professional services sector. The Boston Consulting Group predictsthat by 2025, up to one quarter of jobs will be replaced by either smart software or robots. A separate study from Oxford University suggests that 35% of existing jobs in the United Kingdom are at risk of automation in the next 20 years. Among the top 10% of  jobs most likely to be automated: insurance underwriters, tax preparers, loan officers, credit analysts, and accounting professionals. Read article.

Headlines

U.S. Job Gains Fall to Lowest Level in 7 Months

“Employers are becoming more cautious as economic growth remains moderate and profits decline,” one economist says of the April jobs report.

 

Alternative Lenders Disrupt Banking

Small and midsize businesses are looking beyond traditional banks for funding.

 

The Robo-Accountants Are Coming

How professional services firms need to prepare for the robo revolution.

 

Lending Club CEO Resigns Over Loan Sales

Investors react to the resignation of co-founder Renaud Laplanche by driving Lending Club shares down more than 27%.

 

Coffee Giant to Acquire Krispy Kreme for $1.3B

The investment arm of Germany’s Reimann family adds doughnuts to a breakfast empire that also includes K-cup maker Keurig Green Mountain.

 

Tribune Move May Thwart Gannett Tender Offer

The publisher’s board adopts a “poison pill” that could make it too expensive for Gannett to pursue a hostile big.

 

Mobile App Installs Climb to $156 Billion in 2015

A new survey sees a maturing market, with the growth of installs and direct revenue slowing by the end of the decade.

 

U.S. Consumers Expect 2.6% Rise in Inflation

A New York Fed survey finds consumers’ inflation expectations for the next three years are at their highest level in five months.

 

Sponsored Content

Whitepapers | Webcasts | Research Reports

 

, ,

Leave a Reply

Your email address will not be published. Required fields are marked *