The Rise of Artificial Intelligence: A Critical Inflection Point for the Accounting Profession

In this report, we will outline what artificial intelligence is, as well as the subcategories of machine learning and deep learning. We’ll place the technology in a historical context, and show why, given its decades-long lifespan, we are at somewhat of an inflection point, at least within the profession. Most importantly, we’ll delve into a variety of ways firms are already using AI and ML-based products. To conclude, we’ll peer into the future to examine not only how AI is transforming the way firms do business, but how accountants can capitalize on these impending shifts to gain a competitive advantage.