Xero’s Faith Lands In Artificial Intelligence

SME accounting platform Xero has big hopes for artificial intelligence. A new report by IT-Online featured Xero South Africa Head of Accounting Colin Timmis, who mused on the topic of AI and how it can change accounting. “AI and smart machine-learning programs will be the next big thing, enabling automation to further disrupt the industry and the role of the accountant,” he said. Already, noted Timmis, cloud accounting has led to big changes for the profession, leading them to act more like consultants. With AI technology moving further into the market through products like Siri, Amazon Echo and self-driving vehicles, Timmis said, it’s sure to infiltrate accounting. “Machine learning could advance high-integrity accounting, one of Xero‘s key areas of focus, which is when data is not touched by human hands,” he continued.…


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