How accountant can make use of drone technology to better their job

How accountant can make use of drone technology to better their job

Drone technology is unmanned aerial vehicles (UAVs) that can fly remotely (Lutkevich, 2021; Kanellakis & Nikolakopoulos, 2017; Han et al.,2020). According to Laricchia (2022), the global market for drone is predicted to increase from $26.3 billion in 2021 to $41.3 billion by 2026). In 2020, the US and the UK for instance used drones to deliver drugs, material during covid-19 pandemic (Fortune Business Insight, 2022). Drone technology has been useful in the war zones, intelligence gathering but those tracking the new technology say it has the potential to bring new ways of doing business to both big and small accounting and auditing firms(Ovaska-Few,2017), and are now being deployed into civilian roles, such as accounting and auditing profession, search and rescue, traffic monitoring, videography, surveillance, delivery services, weather monitoring, drone-based photography, firefighting, agriculture, personal use (Laricchia, 2022; Lutkevich, 2021). The accounting and auditing profession has experienced radical changes in carrying out their responsibility as a result of current technological advancements for instance drone technology, the Artificial Intelligence (AI), blockchain technologies, Internet of Things, big data. In the accounting profession, for instance, any accounting or audit firms working with clients that own big mineral deposits or mining facilities or inventory can now make use of drones to fly over the area to snap thousands of pictures and measurements which can aid accurate assessments of holdings (Ovaska-few, 2017). The old practice of climbing to measure a coal physically is over as with just two-metre GPS tracking pole, that can be done within a stipulated time and obtain estimated volume.  In addition, the permission to use drone are nowadays required for all types...
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