Accounting for big dollars has Treasury embracing AI and machine learning

The green-eyeshade public servants at the Treasury Department have dealt with large amounts of money for decades. But as the size of their mission has grown exponentially over the years, the never-ending repetitive tasks they tackle have increasingly relied on artificial intelligence and machine learning. The folks at the Bureau of the Fiscal Service are well aware of how technology leads to faster and more accurate results. "The Bureau of the Fiscal Service, I would say, is really kind of the operational arm of accounting in the federal government," said Adam Goldberg, the Treasury Department's Acting Assistant Commissioner of Financial Innovation and Transformation at the Bureau of Fiscal Service, on Federal Monthly Insights – Repurposing Manpower Through Automation. The Bureau issues checks to people and businesses, as well as collects funds for federal agencies.