Accounting is a science that dates back centuries. Numerous tech tools and resources have made accounting more efficient, accurate, and reliable. Combining accounting, artificial intelligence (AI), and automation can help businesses strike a balance between modern technology and human brainpower. Machine learning is being integrated into all technologies used by humans for information sending and receiving. The future of AI rests on the assumption that intelligent machines will continue to decrease the need for human labor.

The new way of thinking about AI is to see it doing time-consuming tasks, freeing up space for accountants to do the serious thinking and to exercise professional judgement on more complex matters. Despite some people's fears, AI's advocates say it can be a job-creator, not a job-killer. For years, there have been fears that Artificial Intelligence (AI) – smart machines that work and react like humans while having self-learning capabilities – will redefine the role of accountants. Now innovative firms are investing in AI so they can be at the forefront of cognitive technologies. What does the evolution from automation and data-analytics software to AI mean for accountants?

The new way of thinking about AI is to see it doing time-consuming tasks, freeing up space for accountants to do the serious thinking and to exercise professional judgement on more complex matters. Despite some people's fears, AI's advocates say it can be a job-creator, not a job-killer. For years, there have been fears that Artificial Intelligence (AI) – smart machines that work and react like humans while having self-learning capabilities – will redefine the role of accountants. Now innovative firms are investing in AI so they can be at the forefront of cognitive technologies. What does the evolution from automation and data-analytics software to AI mean for accountants?