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Machine learning and AI have massive potential for accountants

A third of accountants currently see Artificial Intelligence (AI) as all or mostly hype, while nearly 60 per cent say that in three years’ time it will become a reality, according to global research amongst nearly 2,000 ACCA members in 111 countries.

The findings are published in a new report from ACCA (the Association of Chartered Certified Accountants) Machine learning: more science than fiction which highlights how new tech developments have a massive potential for the accountancy profession.

The report focuses on machine learning – the ability of computers to ‘learn’ and make decisions or predictions based on analysis of large sets of data. It emphasises that at a minimum all finance professionals should know how AI is evolving and be alert to how the developing capabilities could overlap with their impact on their roles....