Description
Artificial Intelligence (AI) is not a new phenomenon, but it is still a growing concern for many industries. While the human element remains the most important factor in most businesses, the accounting industry is not exempt from the threat of new technologies. If you were the owner of a medium to large company, how could you use new technologies such as AI to support your daily operations? Discuss option below.
- Option A: Cost savings associated with payroll and other personnel costs (i.e. training and development, employee hiring)
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Explanation & Answer
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Running head: COSTS SAVINGS WITH AI
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Costs Savings with AI
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Institution
COSTS SAVINGS WITH AI
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Costs Savings with AI
Artificial Intelligence is a technological trend that is applicable across various industries.
Many businesses use AI in daily activities without noticing it (McKendrick, 2017). AI has
become widely accepted due to its potential to offer competitive advantages by saving
organizations money.
Companies are operating on tight budgets. As a manager for a med...
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