Audits only check a small sample size of the data. What if we could check ALL of it? Audits used to cover only a sample of a company’s data when checking for errors and fraud. With advancements in machine learning from neural networks and deep learning, audit teams will be able to check ALL the…
How do neural networks and deep learning work? We borrow designs from nature all the time. Let’s talk about how this applies to neural networks and deep learning so we can better understand these concepts. Read more – https://bottleneckbuster.com/daily/neural-networks-deep-learning/ How and where to connect with Sean. Website Daily List YouTube Connect with Sean on LinkedIn…
Let’s talk about whether or not automation will make people lazy. A recent report from the Public Company Accounting Oversight Board (PCAOB) included concerns about automation making auditors lazy. Is it true? Well, first let’s talk about what’s being automated and how that’s expected to impact the work auditors perform and the value they…
What does putting puzzles together have to do with fraud detection? How can machine learning automatically detect fraud? Allow me to share an example of how this technology could help you put more puzzles together in less time. Read more – https://bottleneckbuster.com/daily/clustering-to-identify-fraud/ How and where to connect with Sean. Website Daily List YouTube Connect with…
Why success with technology requires your process to be effective before it can be efficient. Remember back in the day when your coach would tell you to keep your eye on the ball? I’d like to talk about why that strategy is so common and the modern day equivalent I see working with firms to…
How to save $25B with machine learning. When I was younger I learned the value of being able to teach myself. Today, we’re able to leverage the power of this concept at a level never before thought possible with machine learning. I’ll share how VISA used a version of this technology to save their company…
The results from a recent survey of 200 CFOs are telling in terms of the current status of the accounting and finances industries and where it expects to be by the end of this year. Tune in to see how your firm stacks up against the competition. Read more – https://bottleneckbuster.com/daily/survey-from-200-cfos/ How and where to…
The fourth industrial revolution is upon us and the focus is on automating cognitive work. This is going to mean big changes for the accounting industry. One prediction is that by 2025 – 1 out of 3 corporate audits is going to be completed by AI. Is your firm ready? Read more – https://bottleneckbuster.com/daily/prediction-for-corporate-audits-and-ai/…
Most of the work done at your firm today is likely done by your team. Tomorrow, this work is likely to be done by digital workers. Let’s talk more about what a digital worker is, why you need them and how you train them. Read more – https://bottleneckbuster.com/daily/training-digital-workers-2/ How and where to connect with…
Welcome to the Accounting Automation podcast. I’m the host Sean Boyce and I’m an expert in automation and technology that helps accounting firms scale their profit exponentially without needing to hire additional accountants. How and where to connect with Sean: Website Daily List YouTube Connect with Sean on LinkedIn Email Sean at sean@nxtstep.io