IAASB Data Analytics Video

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  1. stephen persaud said:

    Computing power and artificial intelligence are growing and improving in terms of efficiency at an astonishing rate.
    10 years ago voice activated accounting software was “hit & miss”.
    Leap forward to the present day and the drive towards voice activated dominance of computing interfaces has now gathered massive momentum.
    Enter the scene the voice activated “home-help” gadget Alexa
    As more voice usage data becomes available, speech recognition accuracy will get better and better. This is what is known as the “virtuous cycle of AI,” the more people use voice interfaces, more data is gathered, and as more data is gathered, the better the algorithms work, thus delivering dramatic improvements in accuracy.
    Siri, Cortana and Google Now won’t be the only intelligent voice assistants. As computing devices of all shapes and sizes increasingly surround us, we’ll come to rely more on natural interfaces such as voice, touch and gesture. In the past, developing an intelligent voice interface was a complex undertaking – feasible only if you had the development team of a major corporation like Apple, Google or Microsoft. Today however,  due to the emergence of a small but growing number of cloud based APIs like MindMeld, it’s now possible for developers to build an intelligent voice interface for any app or website without requiring an advanced degree in natural language processing.
    There aren’t many companies doing this since it is one of the most complex areas of artificial intelligence research. On the consumer side, Google, Apple, Microsoft, Baidu, and Amazon are investing heavily to make web-wide voice search better. For other companies that do not have millions to invest in voice search technology, it’s possible to leverage a cloud-based service to create intelligent voice functionality. Companies that offer a cloud-based API to voice-enable applications include my company, Expect Labs, as well as Wit.ai, and api.ai. The Siri founders are also working on Viv, but they have not yet launched a product so it is unclear if it is relevant to the emerging generation of voice applications.

    It is quite possible that in the not too distant future accounting software computer interfaces will become more reliant on voice activation.
    There are already some technologists within the accounting profession whom are attempting to introduce “virtual reality” interfaces into the world of the accountant & auditor

    André Kwakernaat – founder and CEO of Twinfield – will be discussing cloud computing and its impact on the work of accountants in the Firm of the Future Theatre on Thursday 12 May at 1:00 pm.

    “Andre provides an exciting view of the future, looking at how accountants might use VR to run their organisations more effectively – quite an achievement as so many people ask how Virtual Reality can be used by finance"

     Richard Anning FCA, Head of IT Faculty, ICAEW
    The future of accountancy

    Come and experience the future of accountancy on our virtual reality stage!

    Will the accountant of tomorrow wear virtual reality goggles to manipulate columns of figures in a virtual financial universe? That’s just one of the scenarios that we’ll be exploring on stand A950.

    May 26, 2019

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