- July 28, 2021
- Posted by: Stratford Team
- Category: Business
If you’ve ever messaged an online chatbot or asked Alexa a question, you’ve used machine learning. But do you know how machine learning in accounting can make a startup or small business’s processes more accurate and efficient?
Machine learning is the application of computer algorithms to identify data patterns and use them to make more accurate decisions in similar scenarios. ML is generally used in conjunction with artificial intelligence to build automation systems and complete tasks in a way that mimics human actions.
In this article, we’ll look at how machine learning is changing the landscape of business finances, including some machine learning use cases in accounting.
The impact of machine learning in accounting for businesses
Due to the large amount of mundane work and repetitive data patterns, there is a huge opportunity for artificial intelligence and machine learning in finance and accounting to replicate human activities at scale. By…
