Interesting article from ICAEW on the past, current, and future role of machine learning when it comes to automating the manual tasks of the finance function. Many of our members will no doubt be availing themselves of ML’s benefits already, such as with automatic receipts or invoice classification. There are however certain difficulties when it comes to understanding decisions machine learning can make, especially if the training data used has impaired the system’s judgement. A well-known example is its potential to replicate biases when used for CV sorting. While its future remains uncertain, ML’s widespread adoption has made a big splash in the world of accountancy. How has it benefitted your practice?

Posted by Accountants' Club at 2022-04-13 12:03:18 UTC