The Chairman of Institute of Chartered Accountants (ICAN) Lagos Mainland and District Society, Reverend Olatunde Ayadi, disclosed plans to employ software robotics, Artificial Intelligence (AI), and blockchain technologies to enhance members efficiency.
Ayadi, who made the plans known during the visit of the National President, Razak Jaiyeola, to the district, hosted by Courteville Business Solutions (CBS) Plc, said ICAN is keen on collaborating with CBS in the deployment of robotics to the benefit of its members, from services targeted towards Small and Medium Enterprises (SMEs).
ICAN will also ensure the initiative is used to drive its entrepreneurship programme through people with practical experiences.
Ayadi said the Institute is concerned about the business activities of its members, who are in small and medium companies, and seeks for ways through which emerging technology services targeted towards SMEs can benefit them.
According to him, “I am indeed very happy to learn about the activities at CBS, and I am particularly happy because one of ICAN’s areas of focus has to do with entrepreneurship. The barriers of distance in business transactions are not only being broken down but are now initiated and consummated in the cloud, and any business or professional that cannot meet its customers in the cloud is no doubt on the verge of extinction and this is the current business reality”.
The Chairman of the institution’s Lagos Mainland District also said that “as chartered accountants, there is a compelling need to equip ourselves with diverse skills and competencies required in this digital age. The emerging fourth industrial revolution is set to cause further disruptions in the business space with developments in blockchain technology, robotics, AI, and machine learning among several others”.
Also speaking on the initiative, Jaiyeola reiterated the institute’s efforts to ensure that it’s members are up-to-date as regards technology structures, which includes robotics, AI and blockchain technology.
He highlighted ICAN’s plans to host the maiden edition of her Technology Conference, come 29th and 30th April 2019, noting that the conference would specifically be for software robotics.
Jaiyeola said the conference is aimed at having an extensive discussion on the different emerging technologies and how they would impact the accounting profession, which is well taken into consideration in peculiarities of the Nigerian business landscape.