The AI in Enterprise Accounting Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2025). The assessment provides a 360 view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better-informed decisions. The AI in Enterprise Accounting Market study covers current status, % share, future patterns, development rate, SWOT examination, sales channels, to anticipate growth scenarios for years 2020-2025.

Proactive and suggested insights, generated by machine learning, is the difference between biased and unbiased discovery. Users who rely on traditional reporting platform such as: IBM Cognos, Tableau or Power BI, base the premise of their question on a preconceived notion and obtain data that may have fit that notion. As a result, major decisions were being made despite the fact that "no one knows how one sided, bias or even significant the insight is". The alternative, powered by Hyper Anna, relies on machine learning to scan the entire data and find patterns, key drivers and anomalies that are significant. These proactive suggested insights help Hyper Anna's users to sharpen their questions. A wine manufacturer wanted to know which brand had the highest turnover last week.

"Imagine an AI-powered app that provides not just a shortlist of homes that meet your preferences, but it has gone away and used all of your data across all of your different bank accounts, all the financial institutions you deal with, and knows all of your income and expenses and all of your credit cards. She pointed to US company Onboard Informatics which is making house valuations more accurate by tapping data on property proximity to transport links, repairs and surface area. Westpac is also working with Hyper Anna, a local start-up that has developed an AI-based virtual data scientist to interrogate corporate information systems, in which its venture capital fund Reinventure Group has invested. Chelsea Wise, head of forward deployed data science at Hyper Anna, told the Microsoft event the technology can provide analysis of sales data in close to real time, which it would take a human 20 hours to produce.

Sydney-based startup, Hyper Anna, has secured $16 million in funding to fuel a global rollout of'Anna', a virtual data scientist that taps into business intelligence and delivers real-time insights based on natural language requests. The Series A round of funding was led by Sequoia China, with significant investments from Airtree Ventures, Westpac Reinventure and IAG Firemark Ventures. Both Westpac and general insurer, IAG, are early adopters of Hyper Anna and use the platform internally to answer questions about business performance. Hyper Anna co-founder and CEO, Natalie Nguyen, told CMO customers have largely been SSI and in the financial and insurance sectors, but said the product could easily apply to other sectors such as media and technology. "The fact that some of our investors are also our customers gives us great confidence in the company, in ourselves, and the product," she said.