Business research conducted by Oxford University presents some startling community views. More than 90% of respondents feel that number of accounting, auditing and tax preparation jobs will get completely automated thus phasing out numerous positions. Professional services firms have long been run on the imported Japanese model of Kaizen but now something new needs to be developed to stem the flow of automation. The disruption is going to be speedy over the next couple of decades. The industry needs to be clear about what products or services must best be served to clients. Also the core model for talent recruitment needs to be understood. The convergence between various industries needs to be leveraged as a competitive advantage.