Artificial intelligence (AI) is changing the face of human capability as we know it.
At first, AI tools were basic software models used for things like image recognition, object identification, detection, classification, and automated geophysical feature detection.
These are underlying tasks that once required the input of a human, but it would take them much more time and error margins would be high.
Today, AI has been incorporated into software used by everyone who touches a phone or a computer, at a mind-boggling rate.
Its remit has expanded to tackle the minutiae of work, including to:
- make process improvements
- save time
- reduce manual administration tasks
- cross-reference and error-check at lightning speed beyond human capabilities.
Across industries, AI can automate much of the routine and repetitive activities that are undertaken on a daily, weekly, or annual basis.
For you as an accountant, it can speed up the month-end, detect client data error, and greatly improve your day-to-day ability to help your clients.
But will AI replace accountants? The short answer is no.
AI needs a human partner to sense-check, educate and contextualise its actions.
It’s a tool like any other, which can help you with quick decision-making, create smart insights and reports, and examine huge quantities of data with ease.
Also, AI cannot replace the human-to-human relationship element, which will always be a unique feature of a client-accountant partnership.
With this in mind, in this article, Sage highlights five AI-powered tools and solutions that will help you improve your level of service, gain back valuable time, and turn your human touch into a USP for your business.