The Future of Tax is Smart

FEI Daily: Can you please describe how CognitiveTax Insight ("CogTax") works and provide some use cases? Andy Gold: CogTax leverages machine learning and smart OCR to ingest both unstructured data (e.g. With the aid of a human who trains the cognitive technology, it applies machine learning technology to that robust amount of data. In the training, an individual will interact with the cognitive technology and "teach" the machine learning taxability determinations based upon the client's facts and transactional information available. Over time, the system learns as it sees more and more transactions that are substantially similar with the goal of providing a highly accurate solution in terms of being able to identify, in real-time, whether a transaction is taxable.