
Automate Everything: AI, Machine Learning & Bookkeeping
"As machine learning and AI have an increasing role in the professional, it will make you more proficient, more productive, capable of taking on and handling more clients, while also delivering more value through insight, rather than through long hours of tallying up figures" The above quote is taken from a great article on the Xero Blog about artificial intelligence and its impact on the accounting profession. I've read some interesting articles on AI and machine learning and the future effect they may have on the bookkeeping and accounting industries. One recurring theme I've come across is the suggestion that when the AI code is finally cracked (and we're not far off), every company will be using it within four to five years and as a result, bookkeepers and accountants will become defunct. Trust me - not all businesses will automatically automate. AI and machine learning will be incredible tools for only those people and businesses that choose to use them. Think back to...