Artificial Intelligence: What Tasks Can Self-Learning Systems Really Perform For Finance?

Go to wherever you listen to your podcasts. But, while podcasters, software creators, journalists, meme-creators, etc., postulate on the potential ramifications – robot takeovers and the like – we hardly ever stop to talk about what a future with AI could look like on a more reasonable scale. Broadly speaking, artificial intelligence is the application of computer algorithms to task automation, often in a way that mimics how a human might respond to or manage a process. Of these categories, machine learning (ML) has the broadest available applications and is most likely to impact an accountant's day-to-day. Some vendors/providers will tout the availability of ML technology, but their solutions may be little more than applied automation to repetitive tasks and workflows.