Why Accountants Must Embrace Machine Learning IFAC

There is currently much fear and hype around Artificial intelligence (AI) and its impact on accountants. In Gartner's Hype Cycle of Artificial Intelligence, the majority of AI applications are climbing and cresting the Peak of Inflated Expectations--meaning that expectations are high and many technologies are already failing to meet those expectations. But this doesn't mean that AI is going to go away. It means that we're starting to push through the hype and figure out realistic applications for AI--some of which will be useful to accountants and many of which will be leveraged by the organizations we serve. Part of the challenge with an emerging technology is that there is often an unclear definition of what technology is, and what it is not.