The Effect of Adopting Industry 4.0 Technologies on The Qualitative Characteristics of the Accounting Information

Document Type : Original Article

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Teaching Assistant at the Department of Accounting Faculty of Business - Alexandria University

Abstract

In the era of big data, datasets are large, diverse, rapidly changing and difficult to be processed with the traditional tools. These characteristics form complex datasets for accountants and decision makers. It is difficult to effectively and efficiently collect process, analyze and interpret these complex datasets. That is why several scholars recommended solving these problems by adopting Industry 4.0 technologies. The research discusses the effect of adopting some of Industry 4.0 technologies such as Cloud Computing, Big data analytics (BDA) and Artificial intelligence (AI) on the qualitative characteristics of the accounting information that reflect the accounting information quality through a literature review. After studying various studies in this field, the researcher concluded that adopting Industry 4.0 technologies enhances the qualitative characteristics of the accounting information and therefore improves the accounting information quality. Thus, the researcher recommends to adopt cloud computing along with BDA and AI tools to positively affect the accounting information quality and to rationalize the decision-making process.

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