Accounting based on artificial intelligence, a step that public counters must take

Automation has been at the forefront of global accounting for decades, and professionals are pending technological innovations which will allow them to improve levels of efficiency and efficiency for customers.Although demand has continued to grow for the availability of smarter and more dynamic accounting systems, adoption has been quite slow, especially when it comes to artificial intelligence -ia–.However, it seems that the panorama is finally starting to change.

The previous one is the approach to the article How to use artificial intelligence today?, Published on August 22, 2019 by Accountance.com.The concept of artificial intelligence indicates that in this a series of defined algorithms are used.Applications promoted by AI can extract great data sources and use deep functionality of automatic learning to process data, perform large volume tasks, recognize patterns and even make decisions.

"And although the above can sound as" science fiction of the space era ", for some professionals, applications and modules promoted by IA have already begun to have a great impact on the entire global accounting sector," says the article.

“el 58 % de los profesionales contables esperan automatizar las tareas utilizando soluciones de inteligencia artificial en los próximos tres años”Tweet This

Currently, 58 % of accounting professionals expect to automate tasks using artificial intelligence solutions in the next three years.In addition, four out of five professionals say that IA will inevitably increase the productivity of your company, provide added value and offer numerous competitive advantages.

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Optimization of data analysis

Contabilidad basada en inteligencia artificial, un paso que deben dar los contadores públicos

The article suggests that time is synonymous with money, and data entry takes a lot of time of an accountant, who are often forced to review multiple spreadsheets and documents to keep abreast of transactions andprovide significant reports for customers.

According to a survey conducted by the McKinsey Global Institute, these repetitive data tasks unnecessarily consume six or more hours per week, but thanks to artificial intelligence, the counters are beginning to recover part of that time to apply it to more value processes.

«Applications promoted by automatic learning can automatically extract receipts, accounts and spreadsheets and then classify them according to predefined categories to complete dynamic personalized reports at request.Better yet, artificial intelligence reports can use deep learning to evaluate the patterns of various data flows and continue providing non -forecast information about the budget, spending and investment opportunities, ”says the article.

Access to cloud data

There seems to be a certain sense of inevitability when it comes to artificial intelligence in accounting.Although just over half of the professionals hope to implement a system based on AI in the next three years, 90 % of the accountants agree that there seems to be a cultural change throughout the sector.However, there is still an important barrier that suffocates mass adoption.

«Availability and access to data are absolutely critical for the success of any artificial intelligence accounting solution.This is because they require large volumes of data to detect patterns, carry out process automation and learn to analyze information, and that level of information can only be facilitated through cloud computing, ”is explained in the article.

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Working in the cloud allows the data to be fully accessible and easily collected by artificial intelligence solutions without having to deal with incompatible systems.However, more than one in four organizations still have no cloud -based infrastructure and another 10 % of companies say they do not plan to migrate in the next three years.

Without this access, artificial intelligence solutions cannot offer a 100 % precision when auditing or carrying out data entry processes, since the system cannot be guaranteed total access to data sources.That said, as the article states there is a sense of inevitability in regard to migration to the cloud, which is why such a high proportion of accounting professionals is already prepared to begin integrating artificial intelligence technology into its existing systems.

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