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How is the accountancy and finance world using artificial intelligence?

With advances in technology affecting every sector of the workforce, Eleanor O’Neill looks at why the big names in finance are joining in.

Artificial intelligence (AI) has been implemented in multiple industries, from stock trading to hospitals, and Google has singled it out as the next big thing.

As Uschi Schreiber, Chair of the Global Accounts Committee at EY, wrote earlier this year: “Leaders in every industry are responding to shifts that would have seemed unimaginable even a few years ago.

“Artificial intelligence (AI) and robotics are fundamentally reinventing the workforce.”

The finance sector, given its heavy reliance on mass amounts of numbers and data, is a prime candidate for the automation offered by intelligent learning systems.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.