Digital Transformation of Accounting in the Industrial Revolution Era 4.0

Abstract

The Industrial Revolution 4.0, marked by the accelerated adoption of digital technologies such as the Internet of Things (IoT), artificial intelligence (AI), big data, and other technologies, has significantly impacted various business sectors. One sector that has been fundamentally affected is accounting, which has had to adapt to these changes to remain relevant and efficient in an increasingly complex and dynamic business environment. This study aims to understand and analyze how digital transformation in the Industrial Revolution 4.0 era has affected the field of accounting. The research method used is descriptive-qualitative research. This research reveals that digital transformation in accounting, supported by technologies such as IoT, artificial intelligence, big data, and others, brings operational efficiencies through automation, increases the accuracy of financial data, and drives deep data analysis. Collaboration and communication are also enhanced through a cloud-based platform. However, data protection and privacy are important issues in the digital era. In the Industrial Revolution, 4.0, technologies such as big data analytics, AI, IoT, cloud computing, and blockchain are bringing fundamental changes, enabling accounting to be more proactive, using data analysis for better predictions and customer service, and more intelligent and responsive decision making. Digital transformation continues to change the landscape of the accounting and financial industry, making careful use of the potential of the digital age.