RPA robotic process automation. Basically what it does is it takes repetitive physical/cognitive work and automates it.
While it is true that as an industry, finance and accounting is not going to go away. RPA is going to swallow most of the repetitive jobs. So humans are going to do the decision making parts while the bots do the repetitive parts, ie staging and analysis.
the problem with that is it creates a system where the old ways of breaking into an industry disappears. For instance, in the past i could start as an analyst, work really hard and move up the chain. But if a bot is doing analysis work and the amount of decision makers on the top remains the same, as it is not more effective to have 10 decision makers rather than 2, then the people who are able to enter highly demanded fields will be chosen based on connections rather than the ability to work really hard.
Unfortunantly I am in the work really hard camp rather than the have many rich friends group. And the movement towards connections being the main factor for success is already happening now. With banks choosing to hire the scions of wealthy families rather than by GPA. Because they know getting the investment of a rich daddy is so much better than investing in a smart guy over many years only to have him/her switch jobs. And now when you can have a bot who is already trained, it makes little sense to hire me.
Hopefully people around the world start waking up to this. If we continue to believe that our punitative systems are in the right and the people who suffer under them are weak whiny complainers, then it wont be long before it all comes crashing down. Sorry to be a debbie downer, but perhaps it is smarter to put people before process. After all, processes don't suffer or care if they die, but people do.