A 2015 study reported that the on-demand economy was attracting over 22.4 million consumers annually, generating over $57.6 billion in revenue. The largest category of on-demand spending was online marketplaces, with 16.3 million consumers spending upward of $36 billion each year. Ride-sharing companies like Uber and Lyft followed with an estimated 7.3 million consumers spending $5.6 billion yearly.
In 2016, amidst an even higher number of consumers and revenue generated, funding for on-demand companies surprisingly dropped 35%. Despite power players like Postmates raising a staggering $141 million within the third quarter alone, there was still an increasing lack of interest amongst investors noticing the massive influx of startups flooding the growing marketplace. While the insurgence of startups can make it difficult to decipher which on-demand ideas may become unicorns, the payoff is amplified for promising companies that can prove to be both disruptive and lucrative.
Robots, cloud software and artificial intelligence are all things that accountants fear will make them irrelevant. But the truth is the real future of accounting and technology isn’t a technological advancement. It’s a trend toward a different model altogether.
Technology is evolving rapidly; according to Accenture, 80% of accounting and finance tasks will be delivered with automation in the next few years. This leaves many professionals wondering what the future of their jobs will look like, and where they fit into that future.
There’s no reason to be afraid. In fact, there are plenty of reasons to be excited for the future of accounting – as long as you’re not stuck in old ways and you are willing to becoming what I like to call a “robo-accountant.” I describe robo-accountants as accounting or finance professionals who have adopted automation to perform time-consuming, redundant and repeatable data-entry tasks. They aptly interface with these automation bots and use their personal experience, education and instincts to bring value to business decision makers.
Raleigh-based Canopy Lawn Care has come to Charlotte.
The technology-enabled landscaping startup announced it recently acquired the residential maintenance business of Huntersville-based lawn care company Southscape Landscaping. The acquisition solidifies the startup’s entrance into the Charlotte market.
“We couldn’t be happier to now be serving customers in Charlotte.” Says Keith Freeman, chief operating officer of Canopy Lawn Care. “Southscape has built a reputation of providing dedicated, high quality landscape management service for their customers and we look forward to continuing to provide their residential customers with the level of service they have come to expect, hopefully doing even better.”