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Publication

Forward outlook on artificial intelligence in business and accounting 

Thompson, Nathan
Abstract

This paper explores the expanding role of Artificial Intelligence (AI) in the realms of business and accounting, analyzing its current applications, potential benefits, and inherent challenges. It delves into how AI, driven by advancements in machine learning, has become increasingly integrated across diverse industries, reshaping operations and amplifying human capabilities. Through interviews with accounting professionals, it highlights AI's role in streamlining tasks, enhancing efficiency, and prompting a shift towards collaborative human-machine workflows. However, it also underscores the ethical considerations, technical limitations, and potential pitfalls associated with AI integration, emphasizing the need for responsible usage, ongoing education, and coexistence between humans and AI.

Date
4/17/2024