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Accountants/AI: exit, pursued by a chatbot

‘Excel hell’ could be in its last days

Spreadsheet jockeys work hard to maintain Excel bragging rights. Gone are the days when knowing the VLOOKUP search function won you respect. But worse may be to come. Artificial intelligence could eliminate the need for spreadsheet skills altogether.

This will send a cold chill down the spines of financial data ninjas. They habitually moan about “Excel hell”. But for many, Excel is a happy place of neatly ordered columns and rows preferable to the chaotic real world.

Accountancy is among the professions most vulnerable to generative AI, according to research by the University of Pennsylvania and OpenAI. The latter is the Microsoft-backed company whose advanced chatbot has triggered a flood of investment into the sector.

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