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Industry leaders say AI's value is in freeing financial professionals from repetitive tasks

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AI tools are set to take over large portions of accounting ‘groundwork’

Professionals in the accounting and financial industry in B.C. say artificial intelligence will play a significant role in the industry.And while some jobs might be replaced by AI, experts say the value it creates will be in freeing financial professionals from time-consuming, repetitive tasks so they can focus on higher-value work and decision making.

“And AI can get not just processed data, but also apply rules and get through its logic to help make conclusions that can be considered by workers as another tool in their tool belt for helping decisions be made.” That is what Vancouver-based Charlie AI offers to financial services providers. Their technology can conduct deep-dive research or due diligence to “eliminate” 60 to 80 per cent of the “ground work,” according to its founder and CEO Kevin Collins.

 

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