Question

Discuss the use of artificial intelligence in automation of tasks in accounting giving 3

pertinent examples. Need to be 520 word

Answer 1

Everywhere we go nowadays is using artificial intelligence. AI has become a part of our life. AI has been helping in making the things autonomous i.e. changing from manual things to automatic. AI has now made our life so easy. Every company wants to reduce its expenses, wants to produce more in less time, wants to increase its profit, AI helps in achieving these things. Today every company is moving towards AI replacing the manual staff with bots. We see every company's website has now a chatbot which helps the user in solving his/her query. They are like a virtual assistant.

Automation may vary from simple to most advanced form. Simple automation can be previously if we want to place an order for the food we have to call the restaurant and tell the manager about the order and then he places the order today we have web portals, mobile applications through which we can place our order. This is simple automation. Artificial intelligence is advanced automation. Companies using complex algorithms and aking their tasks easier so that all the low-level tasks can be handled by the bots and employees can be enganges in the high-level tasks this makes more utilizations and more profit to the company.

There are many examples that are using AI. E.g. firstly, Alexa, google assistant they are the most common example of artificial intelligence. They act as a person's own assistant. Suppose we want to book our tickets, set reminders, book appointments, message or call someone we just have to order them they recognized our words and performed the desired tasks. These uses machine learning models that have been trained with the help of training data and they are improving day by day by getting trained from our voices. These systems use Natural Language processing, acoustics, and unsupervised machine learning techniques.

Second example can be a Smart parking system. Today we see the parking system has been made fuly automatic they do not require any human to control the parking area. Earlier when we have to park our vehicle, we have to first take the ticket from the person sitting at the entrance and then we have to find the vacant parking slot and then have to remember the spot where we have parked our vehicle and finally at the exit we have to return the slip and pay the parking fees. Now, with the help of smart parking there are sensors which detect the presence of a vehicle and the system automatically assigns the nearest available parking slot and the user gets a message about the slot and the money will be deducted from their account in this way they do not have to find the available parking slot and this saves the time. This system uses the Internet of things(IoT).

The third example can be autonomous or self-driving cars, this can be the most advanced example of artificial intelligence. These self-driving cars can detect obstacles, follow traffic signals, etc. It uses machine learning, models are trained on the GPUs and then the trained models can be used for the simulation task. These applications require huge amount of training data and take a very large time for training. Now we do not have to learn driving, these cars have replace the drivers and they have showed very successful results. We just have to enter our destination and that's it our job is to just sit and relax.

Hence AI have made our life so easy and we fully depend on AI today. This has really made a change in the industry. AI is the future.