JofA roundtable: Why 2024 is shaping up as a big year for ‘people tech’

Journal of Accountancy Podcast

Bring together three of the top experts in the accounting technology space, and you’re bound to learn something (often, many things) new. That’s been the premise of the JofA Accounting Technology Roundtable since 2011. It held true again in 2024.

After discussing artificial intelligence and automation in Part 1 of the roundtable, published Wednesday, the three panelists — Automata Practice Development’s Wesley Hartman, IntrapriseTechKnowlogies’ Donny Shimamoto, CPA/CITP, CGMA, and Boomer Consulting’s Amanda Wilkie — turned their attention to several other topics, including one that is new to the roundtable — people tech.

What is people tech and why does Shimamoto think it’s going to be a big deal for accounting firms and finance departments this year and beyond? Find out in this episode.

What you’ll learn from this episode:

· What "people tech" is and why "HR tech" is not an adequate description

· Ways accounting firms and finance departments can use the technology “for good”

· Why AI can’t solve all problems, especially within people tech.

· Why CPAs should be paying more attention to digital assets than blockchain.

· The type of cybersecurity plan now required for many firms.

· Where Web 3.0 stands and why it may be a little behind schedule.

· A simple reminder about taking small steps when implementing technology.