CPA Practice Advisor

JUN 2018

Today's Technology for Tomorrow's Firm.

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6 JUNE 2018 ■ FROM THE TRENCHES RANDY JOHNSTON EVP & Partner K2 Enterprises & CEO of Network Management Group, Inc. @RPJohnston [In his column last month (May 2018), Randy explored the "Why and How of Artificial Intelligence," with a focus on the positives and negatives of AI for accounting firms and professionals.] WHAT AI MEANS FOR THE ACCOUNTING PROFESSION PART II: ARTIFICIAL INTELLIGENCE HAS matured from technology buried in computer science labs using complex coding techniques to more common algorithms and supporting technologies used as part of the design strategy of new generation products. Many of the developers have known of AI techniques for years but did not have a practical way to apply the algorithms because the computer overhead was too high, the sample of data was too small and the number of techniques that needed to be applied made the code too complex. With centralized computing in SaaS applications and cloud data centers, AI has become much more practical and accurate. SO HOW DO ARTIFiCIAL INTELLIGENCE APPROACHES WORK? THEY USE: ■ Cybernetics and brain stimulation – connection to neurology. ■ Tradit ional sy mbolic A I – John Haugeland named these approaches to AI "good old fashioned AI" or "GOFAI" exploring the possibility that human intelligence could be reduced to symbol manipulation.

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