Article featured by Boomer Consulting by Christopher Stark, President & CEO, Cetrom.
A host of challenges will confront CPA firms heading into the new decade. Some challenges will be familiar and some are unknowns—the rapid pace of technological advancement in artificial intelligence (AI), machine learning, robotics and IT make it hard to predict what kind of change the next 10 years will bring.
What is abundantly clear, however, is that CPA firms that have resisted investing in stronger IT infrastructure, like the cloud, for example, are behind the proverbial eight ball. Even CPA firms that have been slower to adopt modern IT and security technology and best practices have put themselves at risk of falling too far behind to catch up.