The future is coming, but not as fast as predicted.

Fewer people’s jobs are likely to be destroyed by artificial intelligence and robots than has been suggested by a much-cited study, an OECD report says.

An influential 2013 forecast by Oxford University said that about 47% of jobs in the US in 2010 and 35% in the UK were at “high risk” of being automated over the following 20 years.

But th OECD puts the US figure at about 10% and the UK’s at 12%.

Even so, it says many more workers face their tasks significantly changing. Nevertheless, the accounting profession will continue to develop AI in areas such as audit.

For finance directors, such technology continues to offer opportunities for ever greater efficiency and precision to constantly improve the performance of their organisations.