What do they mean for you?
By Hitendra Patil
Rise of The AiCCOUNTANTS
Artificial intelligence (AI) is a rage worldwide now, and accountants are racing ahead to test/try out publicly available AI tools. AI-powered tools can potentially automate tasks outside the purview of the software solutions created by programmers. AI also has the potential to help accountants to better understand and analyze data, which is essential for helping their clients, and accountants themselves make better informed business decisions.
MORE: Four Ways to Prepare for the AI Era | Seven Ways AI Could Change Accounting | Who Is Better At Accounting, AI or Humans? | Talent Shortage: AI Neither the Cause Nor the Remedy | Accounting Profession to Experience Highest AI Impact
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All of you (almost) have already tried ChatGPT. But it is just one type of AI – a generative, large language model (LLM). As it is “language”-based, it can, right now, quickly help accountants enhance marketing and client communications.
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