Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel InvestorSome time ago
Do you agree with this? 馃槄

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Lina LinkeviciuteLuxury Business and Sales Professional/Theatre Director/Timeless Paintings
Absolutely agree !!!! Sometimes they repeat so many times :)
about 1 month ago
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Ilja PopovSustainability Guy | Performance Marketer @kilo.health
My godmother used to repeat that over, and over again during my childhood, until it synced.. 馃槄 Do you agree with this yourself, Justas?
about 1 month ago
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Justas JanauskasCEO @ Qoorio, Co-Founder @ Vinted, Angel Investor
yes I do!
about 1 month ago
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At臈n臈 Strazdas Drozdait臈Interior designer/Survivor/Thinker/Forever learning/ Enthusiast
Absolutely 馃檶 We are the ones making ourselves trapped while blaming the world around. Ahh, humans...馃榿
about 1 month ago
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Eszter Zsuzsanna BaloghPsychologist in training rooted in mindfulness, sadhana and neuroscience
Yes, absolutely! Our 3D life experience is like a fascinating learning hologram 猸
27 days ago
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I have been in programming since 1990. There was a period when I didn鈥檛 program anything for a few years, but I still kept a 鈥渉and on pulse鈥 and observe what was going on in the world. At that time, the inscription "4th Industrial Revolution" came to my attention, which intrigued me and became an object of observation. I have been following the events of the 4th Industrial Revolution for many years and the further I go, the more fascinated I am by what awaits us in the near future, and a lot of things are happening right now. I wrote a little bit about it in my previous post. Today, I want to share my vision of what corporate accounting might look like in the near future. The three areas of the 4th Industrial Revolution will, in my view, completely change accounting as we see it today: 1. Blockchain 2. Artificial Intelligence (AI) and Machine Learning (ML) 3. Internet of Things (IoT) In today鈥檚 post, I鈥檒l touch on Blockchain鈥檚 influence, and next week I鈥檒l talk about AI, ML and IoT. Many people, and maybe even the vast majority, think of Blockchain, it鈥檚 Bitcoin, or some sort of crypto currency. No. Blockchain is a technology, and crypto currency is a product created with the help of that technology. This technology is revolutionizing data storage by eliminating third parties such as notaries, brokers and so on. Certain countries use it to sign cadastral contracts (avoiding notaries). Many companies use this technology to transfer batch data for products such as coffee (eliminating brokers), and so on. There are many areas of application. But when this technology comes into use at the state level, I mean State Tax Inspectorate (STI), Social Insurance Inspectorate, Registry center and so on, then the management of business processes will change, one of which is accounting. Example scenario: You come to the store and buy stationery supplies for your company. The cash register of the store is connected to the STI blockchain system, which records the transaction, it is the purchase of your goods and the sale of the seller鈥檚 goods. An accounting company (like Virtualus buhalteris), which provides you accounting services is connected to the STI blockchain network. After the transaction, the data is received by STI, accounting services company and your company鈥檚 ERP system as it is also connected to this STI blockchain network. You will not need to print a cashier's check, invoice and hand them over to an accountant. The accountant will not need to enter them into his accounting system, as the data will be available from the STI blockchain, where the transaction is recorded. This saves time, eliminates the possibility of errors and, most importantly, reduces the cost of accounting services for you. Blockchain is like a huge, highly secure, database that stores all transactions. All tax reports and other documents will be submitted at the click of a button, as all data will already exist in the blockchain. Many of you will say that the state will see everything and that way it will collect more taxes. Yes, I agree with that, but the talk is not about that. Whether we like it or not, progress will not stop. We can only adapt by adapting to it and use it to achieve our goals. In the next post, I will share my thoughts on how artificial intelligence affects accounting. In the meantime, what do you think about how block chains can affect your business?
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In today鈥檚 post, I want to share how artificial intelligence and machine learning (AI & Machine Learning) and the Internet of Things (IoT) can affect accounting. Artificial intelligence (AI) covers a wide area of usage. It is currently very widely used in search engines (Google, Yahoo, Bing, Yandex). It is also used in the analysis of consumer behavior (Facebook, Amazon, AliExpress). Wall Street investment companies and banks use AI to set indexes for securities, currencies, etc. The pioneer in using AI in Wall Street is Ray Dalio's investment company Bridgewater Associates, which started using AI in the last century (sounds good :)). So, AI has already come a very long way. And it鈥檚 time for AI to penetrate simple businesses and their processes. One such process is accounting. In my opinion, this is one of the easiest processes that AI can handle because the accounting (bookkeeping) process is strictly described. Accounting programs already do this, but only at the logical level. They only lack a larger amount of data from different business areas and a description of the learning algorithm. Once that is done, there will be no accounting as we now know it. There will also be no more modern accounting systems that keep primary documents, payments, various records related to employee accounting, as all data will be available from the blockchain and artificial intelligence will do all the work currently done by the accountant. For example: Blockchain technology will be used to collect the primary documents (records), as example STI (State Tax Inspectorate) blockchain (I wrote about it in my previous post). The Internet of Things (IoT), like smart watches, phones, clothes that have an internet connection and so on, will be used for employee accounting. When an employee comes to the office in a blockchain (this may be some kind of business blockchain) it is recorded that he has come to work. If he got sick, thanks to the IoT, the doctor already has primary data on his body. The doctor then determines the process of his treatment and records his illness in the health care blockchain (the most amazing thing about this is that the patient does not even need to visit the doctor). AI collects, 鈥減onder鈥 on all data, and prepares reports for STI, Social Security, Statistics and other state institutions, and of course for company managers. To sum up both my posts, I want to say that we have a wonderful time of transformation in all areas of business. I took accounting as an example because one of my companies, Virtualus Buhalteris, specializes in this area. This transformation opens up new opportunities for businesses. However, those opportunities will only be open to ambitious people who look out of the box and don鈥檛 try to deceive themselves that change will happen later and that they won鈥檛 be affected. It will affect. The question is just how strong. How can this transformation of the 4th Industrial Revolution affect your life?
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Pasaulio ekspertai sako, kad 拧iame de拧imtmetyje i拧kils ir dominuos 拧ios sritys: 1. Dirbtinis intelektas ir ma拧in懦 mokymasis (AI & Machine Learning) 2. Daikt懦 internetas (IoT) 3. Dideli duomenys (Big Data) 4. Blok懦 grandin臈s (Blockchain) 5. Debes懦 ir i拧mani懦j懦 prietais懦 kompiuterija (Cloud & Edge Computing) 6. Robotai ir 鈥瀝obotai kolegos鈥 (Robots & Cobots) 7. Autonominiai automobiliai 8. 5G ry拧ys 9. Gen懦 in啪inerija (Genomics & Gene Editing) 10. Kvantin臈 kompiuterija (Quantum Computing) Daugelis sri膷i懦 jau dabar spar膷iai naudojamos, o kitos vis labiau 寞gauna pagreit寞. Pvz.: 1. Dirbtinis intelektas (DI) jau seniai naudojamas tokiose sistemose kaip: Google - paie拧kos sistemoje; Amazon, AliExpress 鈥 teikdami personalizuotus preki懦 pasi奴lymus; Facebook 鈥 pateikdamas personalizuot膮 reklam膮 ir t.t. 2. Daikt懦 internetas (IoT) naudojamas daugelyje 寞rengini懦, kuriuos mes ne拧iojame su savimi, pvz. i拧manus telefonas, laikrodis, 啪ingsniamatis ir pan. 3. Blok懦 grandin臈s jau naudojamos daugelyje finans懦 sfer懦, pvz. Revolut; Lietuvos bankas paleido LBChain sm臈lio d臈啪臋 paremt膮 blok懦 grandin臈mis, kurioje 寞mon臈s gali bandyti savo sukurtus IT sprendimus. Pagal 2013 m. rugs臈jo 17 dienos Carlo Benedikto Frey鈥檃us ir Michaelo A. Osnorne鈥檕 studij膮 鈥淒arbo ateitis鈥 (The Future of Employment) 4-oji pramon臈s revoliucija paveiks labai daug profesij懦. 艩ioje studijoje jie i拧analizavo 706 profesijas ir nustat臈 su kokia tikimybe jos i拧nyks iki 2030 met懦. A拧 seniai supratau, kad buhalterin臈 apskaita yra viena i拧 t懦 sri膷i懦, kuri stipriai pajaus 4-osios pramon臈s revoliucijos 寞tak膮. Tad perskait臋s 拧寞 tyrim膮 a拧 pama膷iau, kad buhalterio, apskaitininko profesija su 98% tikimybe i拧nyks iki 2030 met懦. Ir tokios sritys kaip: DI ir ma拧in懦 mokymasis; Daikt懦 internetas; Blok懦 grandin臈s; Debes懦 ir i拧mani懦j懦 prietais懦 kompiuterija; labiausiai prisid臈s prie buhalterio profesijos i拧nykimo. Lietuvoje yra daug 寞moni懦, kurie si奴lo buhalterin臈s apskaitos paslaugas ir daugelis i拧 j懦 sakys, kad pilnai buhalterinio proceso neautomatizuosi ir, kad vis tiek reik臈s buhalterio, kuris tur臈s per啪i奴r臈ti dokumentus, nors ir greitai, bei perduoti juos tolimesniam procesui, suvesti tam tikrus duomenys ir pan. Na... a拧 tuomet pasakysiu, prisiminkime 1996-98 metus kai tik atsirado vie拧ai prieinamas internetas ir kai pirmieji 啪mon臈s, tokie kaip Jeff Bezos arba Michael S. Dell prad臈jo vystyti savo projektus susijusios su prekyba internete. Visi suko ties smilkiniu pir拧tu ir sak臈, kad tai nes膮mon臈, bet pa啪i奴r臈kime 寞 k膮 visa tai i拧sivyst臈. Tai yra tik vizijos klausimas, kuris nepriklauso nuo to ar tiki kas nors tuo, ar ne. Tai tendencija, tai ekonomikos kryptis, kuri kaip cunamis eina 寞 priek寞. Klausimas yra tik vienas: Ar j奴s pasiruo拧ite tam ir, ar pasinaudosite tuo kas mus laukia ateityje?
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