How disruption is creating a “No-Choice Future” for some firms.
By Hitendra Patil
The dictionary defines “uber” as a superlative example of its kind or class. The word Uber, derived from German language, means “over” or “beyond”.
You may have heard of the Uberization of the taxi cab hiring industry, or of room rentals via AirBnB, and other such services. That was made possible because of phenomenal leaps in Internet and mobile device technologies.
MORE for THE ENTREPRENEURIAL ACCOUNTANT: The One Word that Can Make Accountants Rich | Management Guru Chester Elton on Success | Savvy CPAS Focus on the Constants | 10 Things That Accountants Didn’t Need to Worry about 10 Years Ago | Three Amazing CPAs Who Want to Do Tax Returns for Free | Can Accounting Firms Lead With Work-Life Vision? | Why Accountants Could Be the Happiest People on Earth | More…
The companies, using new but still well-established technologies, are simply focusing on existing industries, simplifying them, and creating a faster, better, stronger, convenient and, more often than not, cheaper process.
Accounting’s fundamental business model has not changed in more than 100 years. And this very fact makes accounting indeed a perfect candidate for Uberization. Albeit, with some caveats. In fact, the stealth-Uberization of accounting is already happening in at least four ways: