AI and the future of accountancy

Many argue that more intelligent systems will help accountants to provide more insight and move further up the value chain. More data, better predictions and more intelligent automation will enable accountants to deliver more value, focus on forward-looking analysis and provide greater leadership to businesses. Indeed, in a world of big data, these machine learning technologies will be essential to gaining insight from new and vast sources of data.

But there are also many fears that systems will increasingly take over complex decision tasks, leaving little for human accountants to do. While these systems do not replicate human intelligence, increasingly they produce outputs that far exceed the accuracy and consistency of those produced by humans. This is leading to many predictions about the long-term demise of profession such as accountancy.

Join Artificial Intelligence expert Professor Moshe Vardi as he discusses the growth of AI and its impact on the accounting profession.

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