Why accountants should embrace Machine Learning

AI and ML are enabling tools that take the tedious gruntwork out of accounting, freeing up professionals to provide valuable insights - as well as professional scepticism - which are sought-after services no machine can replicate.

Published Tue, Aug 21, 2018 · 09:50 PM

Artificial Intelligence

RECENT technology advancements have placed Artificial Intelligence (AI), along with its subfield of Machine Learning (ML), at the forefront of transforming the accounting industry. Major accounting practices are starting to implement ML to streamline their operations with the aim of achieving time and cost reduction, increased productivity and improved accuracy.

Before adopting ML, it is important to differentiate between ML and analytics. Analytics is the analysis of quantitative data to gain insights from the data with the objective of being able to make informed decisions. ML is an a…

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