3 Steps to Take Advantage of AI and Machine Learning at Your Accounting Firm

Chat to anyone with an interest in accounting tech and you're sure to hear the terms, 'machine learning' and'artificial intelligence' (AI), come up. So what do these terms mean for you, and are they relevant for you and your practice? Generally speaking, AI covers any intelligence demonstrated by machines. Machine learning is a specific branch of AI, relating to the ability for a machine to learn from data, identify patterns and make decisions based on a predetermined set of rules. This ability to apply rules to data sets is especially relevant when it comes to accounting.