Artificial Intelligence: Disruption or Opportunity?

The accounting industry can benefit from this technology, as well. When I was the keynote speaker at KPMG's annual partner meeting, I suggested that the company consider partnering with IBM to have Watson learn all of the global accounting regulations so that they could transform their practice and gain a huge advantage. After doing their own research on the subject, the KPMG team proceeded to form an alliance with IBM's Watson unit to develop high-tech tools for auditing, as well as for KPMG's other lines of business. Thanks to the cloud and the virtualization of services, no one has to own the tools in order to have access to them, allowing even smaller firms to gain an advantage in this space. Success all comes back to us humans and how creatively we use the new tools.