the end of power outages?

data centers may become backup for the grid.

by rick richardson
technology this week 

large data centers need power backup to operate without interruption. they rely on enormous banks of lithium-ion batteries to provide instantaneous power when the standard power supplied by the local grid fails. those lithium-ion batteries could soon help local power grids manage energy demand.

more: blake oliver: why tax work yearns to be free | private equity explodes in u.k. | brannon poe: the status quo must go  |  accounting nerds, unlock your super powers  | private equity vs. the cpa firm partnership the fintech flood: accounting will never be the same  |  think small to think big with matt wilkinson | your sales tax headaches are only just beginning | when financial statements go extinct with corey schmidt  |  can geraldine carter save accountants from themselves? |  re-inventing accounting with tyler anderson |  turning client service into new revenue

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any city or region that gets its power from renewables is subject to the whim of the weather. unlike fossil-based energy, renewable energy sources ebb and flow. these grids’ battery systems provide power when the renewable sources ebb and recharge when they flow.

microsoft realized it could partner with local power grids where its data centers are located worldwide and offer to store that renewable power in their battery backup systems. today, sophisticated data centers operate with what are known as “uninterruptible power supply systems.” these systems include a bank of batteries that kick in the instant the power goes out and may operate for only a few minutes until the backup generators are up and running.

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nerd 365: app of the week

two little tools to make your life a lot easier

by beth ziesenis

do you get a little hungry when you hear december 30 is national bacon day (not to be confused with international bacon day, the saturday before labor day #becausebacon)? fun, interesting, and downright weird holidays provide opportunities for great conversations and heightened awareness.

more: dell tops in accountant tech | tech vexes 58% of solos | firms on the brink of big spending
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for example, did you know august 5 was work like a dog day and that august 10 was national lazy day?

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ai, ocr, nlp & cpas: oh my!

innovation insights: how trullion is trying to revolutionize rev. rec. and lease accounting.

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innovation insights
with donny shimamoto
center for accounting transformation

center for accounting transformation
center for accounting transformation

accounting, along with legal, pioneered technology that continues to grow and allows automation of mundane tasks. isaac heller, the co-founder and ceo of trullion, discusses with donny shimamoto how ai uses optical character recognition (ocr) and natural language procession (nlp) to read documents like pdfs and excel, and extracts relevant data, like lease dates, into databases, where they can be used for computations or searching.

more on trullion: trullion lands $15 million in series a | trullion: new a.i. startup targets rev rec, lease accounting

more on lease accounting: lease accounting hits hard | lease accounting is about to get very real

more podcasts & videos: cas or caas? getting clarity | the seller’s guide to getting the best price for your firm | doing nothing is not an option  | why the future is in risk advisory | fine-tuning the subscription fee modelthinking smart about new tech: byron patrick | blake oliver: why tax work yearns to be free | private equity explodes in u.k. | brannon poe: the status quo must go  |  accounting nerds, unlock your super powers  | private equity vs. the cpa firm partnershipthe fintech flood: accounting will never be the same  |  think small to think big with matt wilkinson | your sales tax headaches are only just beginning | when financial statements go extinct with corey schmidt  |  can geraldine carter save accountants from themselves? |  re-inventing accounting with tyler anderson |  turning client service into new revenue | see all podcasts and videos here

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heller and shimamoto discuss the origins of professional technology, sharing how accounting was the perfect breeding ground for database software. “when you think of oracle and sap and intuit going way back, these were really the pioneers of database software,” heller says. “it’s as simple as that, you know, the general ledger and the accounts payable and accounts receivable framework fits really, really well in a software model. so, there was kind of this jump out of the gate where we were able to do so much in accounting.”

more takeaways:

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byron patrick: thinking smart about new tech

the intersection of technology and intentionality.

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the disruptors
with liz farr

for 卡塔尔世界杯常规比赛时间

an explosion of new tech tools is giving accounting firm owners the opportunity to improve efficiency, attract and retain talent, and serve their clients better, tech guru byron tells liz farr in this exclusive interview.

more disruptors: doing nothing is not an option  |  blake oliver: why tax work yearns to be free |private equity explodes in u.k. | brannon poe: the status quo must go  |  accounting nerds, unlock your super powers  | private equity vs. the cpa firm partnershipthe fintech flood: accounting will never be the same  |  think small to think big with matt wilkinson | your sales tax headaches are only just beginning | when financial statements go extinct with corey schmidt  |  can geraldine carter save accountants from themselves? |  re-inventing accounting with tyler anderson |  turning client service into new revenue

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not only do these tools help ease the pressure of capacity problems, but they may also provide firms with a new revenue stream when they extend that expertise into their clients’ businesses.

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new hope for privacy legislation?

apple ceo urges legislators to draft comprehensive privacy legislation, but how much can the heavy tech hitter influence congress?

by rick richardson

early in june, apple’s tim cook wrote to legislators involved in the drafting of the american data privacy and protection act (adppa). in the letter, cook said apple realizes there are several outstanding issues but that areas of agreement outweigh the differences.

protecting user privacy

more: blake oliver: why tax work yearns to be free | private equity explodes in u.k. | brannon poe: the status quo must go  |  accounting nerds, unlock your super powers  | private equity vs. the cpa firm partnership the fintech flood: accounting will never be the same  |  think small to think big with matt wilkinson | your sales tax headaches are only just beginning | when financial statements go extinct with corey schmidt  |  can geraldine carter save accountants from themselves? |  re-inventing accounting with tyler anderson |  turning client service into new revenue

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cook argued privacy is a “fundamental human right” for apple and that the company believes in protecting users and, by default, their information. cook stated apple minimizes data collected, offers user transparency on what data is collected and how it is used, and builds systems to protect user information.

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