Analysis of disruptive business models: leveraging AI to ‎transform accounting services

Dr. Bamidele Segun Ilugbusi; Professor Nirmala Phd MPA Dorasamy

doi:10.14419/w04bmy85

Article Details

Analysis of disruptive business models: leveraging AI to ‎transform accounting services

Authors:

Dr. Bamidele Segun Ilugbusi | Professor Nirmala Phd MPA Dorasamy

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 2, pp.43-46

Document Type:

Article

Publication Date:

4/2025

Document Language:

English

Document ID (Org No.):

2001385893

pISSN:

2309-4508

DOI:

10.14419/w04bmy85

Keywords:

Abstract:

 This paper explores the transformative potential of leveraging artificial intelligence (AI) to disrupt and revolutionize accounting services. ‎Acknowledging the limitations of traditional accounting practices, the paper delves into the current landscape of the industry and identifies ‎emerging technologies. It provides an in-depth understanding of AI applications in accounting, emphasizing the benefits of integration. The ‎core of the paper outlines a comprehensive disruptive business model, comprising automated data entry, predictive analytics, fraud detection, ‎client interaction, and customized financial reporting. Each component is discussed in detail, highlighting the role of AI in reshaping ‎conventional processes. Implementation strategies, including phased integration and staff upskilling, are presented to guide businesses ‎through the transition. To illustrate practical applications, the paper includes case studies of successful AI-driven disruptions in accounting ‎services, offering valuable insights and lessons learned. The challenges and risks associated with AI implementation are also addressed, ‎emphasizing the importance of ethical considerations and regulatory compliance. Looking ahead, the paper outlines future trends in AI for ‎accounting services, providing a glimpse into the evolving landscape. It concludes with a compelling call to action for businesses to embrace ‎these disruptive models, recognizing the potential for enhanced efficiency, accuracy, and client satisfaction in the rapidly evolving ‎accounting industry‎.

Article Details

Analysis of disruptive business models: leveraging AI to ‎transform accounting services

Authors:

Dr. Bamidele Segun Ilugbusi | Professor Nirmala Phd MPA Dorasamy

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 2, pp.43-46

Document Type:

Article

Publication Date:

4/2025

Document Language:

English

Document ID (Org No.):

2001385893

pISSN:

2309-4508

DOI:

10.14419/w04bmy85

Accounting

Business

Disruptive

Services

Transform

Issues

Article Details

Analysis of disruptive business models: leveraging AI to ‎transform accounting services

Authors: Dr. Bamidele Segun Ilugbusi | Professor Nirmala Phd MPA Dorasamy

Publisher: Science Publishing Corporation

Journal: International Journal of Accounting and Economics Studies Vol.12 Issue 2, pp.43-46

Document Type: Article

Publication Date: 4/2025

Document Language: English

Document ID (Org No.): 2001385893

pISSN: 2309-4508

DOI: 10.14419/w04bmy85

Accounting

Business

Disruptive

Services

Transform

Issues

Authors:

Dr. Bamidele Segun Ilugbusi | Professor Nirmala Phd MPA Dorasamy

Publisher:

Science Publishing Corporation

Journal:

International Journal of Accounting and Economics Studies Vol.12 Issue 2, pp.43-46

Document Type:

Article

Publication Date:

4/2025

Document Language:

English

Document ID (Org No.):

2001385893

pISSN:

2309-4508

DOI:

10.14419/w04bmy85