{"id":56652,"date":"2018-11-20t12:00:45","date_gmt":"2018-11-20t17:00:45","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=56652"},"modified":"2023-10-05t09:19:12","modified_gmt":"2023-10-05t13:19:12","slug":"the-what-why-and-how-of-artificial-intelligence-for-accountants","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/11\/20\/the-what-why-and-how-of-artificial-intelligence-for-accountants\/","title":{"rendered":"the what, why and how of artificial intelligence for accountants"},"content":{"rendered":"

how practical, affordable ai is already transforming accounting.<\/strong><\/p>\n

by hitendra r. patil and eli fathi<\/em><\/p>\n

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fathi<\/figcaption><\/figure>\n

co-author eli fathi is ceo at\u00a0mindbridge ai<\/a>, developer of the world\u2019s first auditing tool based upon artificial intelligence and machine learning technologies \u2013 the ai auditor \u2013 to uncover errors in financial data. he attended algonquin college and the university of ottawa, where he earned a master\u2019s degree in engineering. fathi has been a technology entrepreneur for over 30 years, having founded or co-founded numerous technology companies including fluidware corp. he currently sits on the boards of the ontario chamber of commerce, start-up canada, and c-com, a company that develops satellite-based technologi<\/em>es.<\/p>\n

artificial intelligence (ai) tends to conjure up images of sci-fi movies, with costly computers replacing humans for some sinister purpose, but the reality is much more collaborative and effective.<\/p>\n

while ai has been adopted by many industries, its adoption rate in financial services has been relatively slow, and for understandable reasons. but you can get a feel of ai\u2019s possible impact when you see that 76% of banking cxos agree that adopting ai will be critical to their organization\u2019s ability to differentiate in the market.<\/p>\n

practical, affordable ai is here, and the question is not<\/em> whether or not to adopt, rather it is how quickly<\/em> to get on board to differentiate in the quality, effectiveness, and efficiencies that ai-based solutions can provide.<\/p>\n

ai is poised to transform the accounting industry. let\u2019s see why.<\/p>\n

read more →<\/a><\/p>\n