How to use artificial intelligence today - Accountancy Age

Automation has been at the forefront of global accountancy for decades, and professionals are constantly hungry for new tech innovations that will enable them to improve effectiveness and efficiency levels for clients. Yet while demand has continued to grow for the availability of smarter and more dynamic accounting systems, adoption has been pretty slow – particularly when it comes to artificial intelligence (AI). It looks like that's finally starting to change. Computer scientists have been tinkering with AI for more than half a century, and the concept itself is quite simple. By utilising a series of defined algorithms, AI-powered applications are able to draw from big data sources and use deep, machine learning functionality to process data, perform high-volume tasks, recognise patterns and even make decisions – and while that may sound like space-age science fiction to some practitioners, AI-powered apps and modules have already started to make a serious impact across the global accounting sector.