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

  • Authors

    • Dr. Bamidele Segun Ilugbusi Department of Public Administration, Faculty of Management Sciences, Durban University of Technology, Greyville, Durban, 4001, ‎South Africa
    • Professor Nirmala Phd MPA Dorasamy Department of Public Administration, Faculty of Management Sciences, Durban University of Technology, Greyville, Durban, 4001, ‎South Africa
    https://doi.org/10.14419/w04bmy85

    Received date: May 1, 2025

    Accepted date: June 2, 2025

    Published date: June 4, 2025

  • Accounting; Business; Disruptive; Services; Transform

  • 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.

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  • How to Cite

    Ilugbusi, D. B. S., & Dorasamy, P. N. . P. M. . (2025). Analysis of disruptive business models: leveraging AI to ‎transform accounting services. International Journal of Accounting and Economics Studies, 12(2), 43-46. https://doi.org/10.14419/w04bmy85