Gary DeHart and Deneen Dias, VP of Growth and Strategy for Botkeeper, discuss the growth and expansion of AI and how accounting firms can and should embrace it for the long-term health of the firm.
Transcript:
Hello and welcome to another episode of Accounting Insiders podcast. I am Gary DeHart, publisher of Insightful Accountant and the host of Accounting Insiders. And today I have my guest is Deneen Dias from BotKeeper is joining me. And so welcome, Deneen. Thanks for taking a few minutes out of your day to talk about advisory and really AI. We're going to touch a little bit on AI.
We don't have a lot of time. So we talked about these two things. It's kind of the reluctance and I don't know if reluctance is the right word, but the hesitance maybe of the accounting profession of adopting these technologies. So before I start beating you up with a bunch of questions, I was looking at your LinkedIn profile and La Trobe. Is that where you grew up, Latrobe? And we used to drink a beer that was fruit and the glass line tank. What beer is, I can't remember the name. Rolling Rock. Rolling rock. Yes. That's still around, right? It is. It's been gone by Budweiser, but it is still around. Really? That's so funny. I saw that on your LinkedIn profile like, wow, I haven't heard that in a long time. And so speaking of profiles, give us just like the 1 minute highlight of who Deneen is.
Sure. Yes. Well, thank you so much for the opportunity to share some of my background and some insights. I really have spent the last 15 years of my career helping firms evolve through the use of technology. And traditionally I used to work@cpn.com, it was really helping firms embrace the cloud. So back in eight when I started, firms were not ready for the cloud. They would even complain about, you know, not being ready for email. And so helping a very resistant, you know, very like, technology resistant type of profession evolved through the use of technology. And then coming to Botkeeper now almost three years ago because I really believe that AI is what's next. It's what's next in all areas, not just the profession, but certainly is changing the way firms do their work. And so that's what I'm really passionate about is bringing not in a scary way, but in an imagine an amazing world where and this is the way the world is going, this is the way technology is going.
So embrace it, don't fight it, because it's going to be an exciting changes that are happening. And through those changes, I mean, opportunity of balance. And I've not messed around with Chat GPT, but a buddy of mine was talking about it the other day. He said that he and his wife sitting around on a Saturday, they just pulled it up again. I don't even know how to do that. And said, hey, write us a children's story about a fish in France with fish swimming in the sand in France. And so in a very short period of time, again, he didn't say the specifics of it. Basically it came back with a story about a fish named Henry who was swimming in the Seine, and it talked about the different things he saw as he swam up the same river. And then they're like, well, change this to that. And it changed it. And they're like, we want a different name. So it gave him a different name. Pretty crazy stuff.
So how does that technology impact our profession? Yeah, well, it's just an example of how AI is changing the way we work, changing the way we produce things. And it's in its infancy. Chat GPT. It's in its infancy. It just launched. But imagine that book today. In a year. That book is going to be even better. In a year, right? It's going to be accurate. And thinking about this week, I went in and I spoke at my daughter's school, my daughter's in fifth grade, and it was Career day, and they asked people to come in and speak. And so I went in and I didn't really speak about Botkeeper, but I was speaking more about AI, about technology, about innovation, about disruption, and what does this mean for kids? And one of the things that I pulled up from the World Economic Forum I'm going to look at it is in 2020, 60% of the work was done by humans and 33% was done by AI. But in 2025, which is only two years away, they're predicting that 53% of the work is going to be done by humans and 47% of the work is going to be done by machines. So in two years, it's going to be 50 50, right? That's a change. That's a change. And so in two years, imagine what the profession is going to be like.
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