# Artificial Intelligence
This recent piece by AI Authority shows accounts payable departments still largely process invoices manually. When the question was posed in a survey of accounting and finance professionals, “What is your organization’s location on the AI journey?” the majority of responses were split with 42% saying they were in the planning stage to 40% saying they were not planning on implementing AI tools at all. This indicates a lack of awareness of modern technology and tools.
On March 10th at 11am EST we are gathering the best of the best in the burgeoning Accounts Payable Automation market, where there is a battleground emerging for best of breed solutions to minimize errors, save money and streamline processes. Tap or click here to register for free today! With a compound annual growth rate of 12% the time is now for CFOs, AP Management and other Accounting Professionals to choose the solutions that are best for your business, consider your integration strategy and more--and we have created your short list!
New this week, Aaron Back, Bridget Courneya and John Siefert take their "binge day" approach of wrapping up topics and create a new video podcast called "The Wrap" to share the insights,, perspective and tips they learned during the week of reporting on the market.Show notes:Blog on Partners Ecosystem: https://blog.crossbeam.com/partnerships-101-isv-vs-var-vs-si-vs-msp-vs-oemJay McBain piece on Marketplaces: https://www.linkedin.com/pulse/distributors-future-distribution-jay-mcbain/?trackingId=FVARZ7b6C2DJ7LK6MmxnUQ%3D%3DAaron's Back @ IT series on Low Code/No Code:https://mydacfeed.com/view/video/back-it-is-ai-a-game-changer-for-low-code-no-code-part-3https://mydacfeed.com/view/video/back-it-low-code-vs-no-code-who-will-win-part-2https://mydacfeed.com/view/video/back-it-the-low-code-no-code-evolution-part-1Post from Pablo Moreno on the Future of Work: https://mydacfeed.com/view/blog/past-present-and-possible-future-of-work-1649
Artificial Intelligence is truly impacting the low-code/no-code landscape. But, is it a game-changer? Check out this podcast where I dive into AI and LC/NC, offer some areas to explore and leave you with options to consider.If you missed the first two episodes, be sure to check them out here:Episode 1: https://mydacfeed.com/view/video/back-it-the-low-code-no-code-evolution-part-1Episode 2: https://mydacfeed.com/view/video/back-it-low-code-vs-no-code-who-will-win-part-2Sources:Alogorithmia source: https://info.algorithmia.com/2020?utm_source=thenewstack&utm_medium=website&utm_campaign=platform OutSystems: https://www.outsystems.com/ Deloitte TruVoice: https://www2.deloitte.com/uk/en/pages/risk/solutions/truevoice.html Microsoft AI Builder: https://docs.microsoft.com/en-us/ai-builder/overview UIPath - RPA and AI: https://www.uipath.com/blog/ai-rpa-differences-when-to-use-them-together
People love to use tech buzzwords. Internet hype or not, check out the top 10 IT & technology buzzwords that everyone will discuss in 2021!
In part 4 of this series, I explore what's next for AI. Artificial intelligence has been utilized in many ways and areas and is still breaking into new frontiers. Listen in as I share thoughts on new areas for AI and what to expect in the future.And, be sure to check out part 1, part 2, and part 3 of this series. Additional sources:More on DNA storage: https://news.microsoft.com/innovation-stories/hello-data-dna-storage/More on Gartner DNA predictions: https://siliconangle.com/2020/10/21/gartners-predictions-dna-storage-expanding-cio-roles/ More on AI helping to fight cancer: https://scienceblog.cancerresearchuk.org/2020/04/01/new-blood-test-study-uses-artificial-intelligence-to-identify-cancer-but-its-not-ready-for-patients-yet/
In part 3 of this series: Are people really adopting AI or is there still resistance? People are adopting AI more and more without even knowing it and it’s being used in tech and non-tech companies. Listen in as I talk through these ideas. And, be sure to check out part 1 and part 2 of this series. Additional source:Wired source: https://www.wired.com/2014/10/future-of-artificial-intelligence/
In part 2 of this series, I share thoughts on AI in the world of Tax. This is an interesting area for AI to dive into considering all the rules and regulations that accompany anything in tax. What's in store for AI and Tax? Take a listen.If you want to learn and engage more on the topic of taxes, reserve your seat and join us on our Tax Binge Day on February 24, 2021.If you missed part 1 of the series, be sure to check it out here.Additional source:Deloitte study: https://www2.deloitte.com/global/en/pages/tax/articles/artificial-intelligence-in-tax.htmlFor more great tax-related content, be sure to check these posts:Understanding Sales Taxes and VAT TaxesWhen GP Tax Tables Are Not EnoughIt's A Taxing Situation in D365 BC and NAV
Hear the story of Ardent Mills- America's leading flour supplier. Struggling with manual order-to-cash processes, they partnered with HighRadius to optimize their AR operations. HighRadius is a fintech leader that provides end-to-end order-to-cash solutions with a comprehensive solution portfolio. HighRadius recently launched the RadiusOne AR Suite, designed specifically for mid-sized businesses to automate AR processes and achieve a faster time-to-cash.
2021 promises to be an important inflection point for AI policy. In this piece by Brookings Institute, learn about 6 developments in governance aimed toward more principled use of AI - including the new National AI Initiative office, the European Commission's Digital Services Act, and more.
This is an interesting "flipping the script" article. With the proliferation of bots everywhere to help with redundant work, this article floats the idea of the organizations that create the bots should be taxed to help with finance jobs where people are still required, but jobs are unmet.
In part 1 of this series, I share my thoughts on the growth and proliferation of Artificial Intelligence (AI). AI is being used in many industries, such as marketing to service, and is being used to learn about things and learn about us humans, even learn failure. What does the future hold for AI?Additional sources:Wired source: https://www.wired.com/story/new-artificial-intelligence-mistakes-purpose-chess/ Fortune Business Insights source: https://www.fortunebusinessinsights.com/industry-reports/artificial-intelligence-market-100114 Towards Data Science source: https://towardsdatascience.com/democratization-of-ai-de155f0616b5