How is the accountancy and finance world using artificial intelligence? - Arria NLG

The driving motivations behind the installation of AI in business processes appear to be the greater speed, accuracy and volume capability of computers when compared to their existing human counterparts. Many businesses are already using robotic process automation systems to crunch numbers and sift data on a daily basis. For example, Kensho is an intelligent computer system widely used by stock traders and investors to automatically analyse portfolio performance and predict market changes. The software is described as'the world's first computational knowledge engine for the financial industry'. It claims to address Wall Street's greatest challenge – automating and improving on previously human-intensive knowledge work to keep up with the split-second changeability of stock. Kensho's founder, Daniel Nadler, told the New York Times Magazine: ''People always tell me, 'I used to spend two out of five days a week doing this sort of thing,' or'I used to have a guy whose job it was to do nothing other than this one thing'.''