Whether it’s (*)Natural Language Processing, Natural Language Generation, Machine Learning or any other of the plethora of A.I. (Artificial Intelligence) concepts shaping business today, let’s not be scared!
After all, our society already thrives in technological innovative – old Sony Ericsson & Nokia phones were disrupted by the introduction of smartphones and their app ecosystems — that continues to drive further innovation with services such as Siri and Virtual Reality apps. AI and NLG are simply natural evolutions that will become as ubiquitous as your iPhone.
Sharon Daniels, CEO of Arria PLC in the U.K. reminds us that “The best and brightest will be free to innovate…” and it’s pretty clear that the last decade has seen an acceleration of this, in numerous technological spheres.
In my space, I’m excited about accountancy & financial reporting innovation, the convergence with investment analysis & wealth management, and the automation of all of the above. As per the graph below (from Gil Press in Forbes), NLG is just beginning its emergence and at the forefront of growth.
Recount (currently live in the U.K.) is an A.I. Financial Analysis & Reporting tool that writes actionable financial reports — in seconds. The financial dashboard space is becoming quite crowded, so too the add-ons available to modern accounting systems; giving pretty summaries, graphs and tables. Recount is so much less than that, but so much more! There are products out there that attach to your accounting books and provide so much detail, colour and so-called “expertise” in their fancy tables & graphs, so-much-so that traditional accountants are relishing the new possibilities of deciphering them to their clients, whilst billing by the hour!
Recount’s strengths are in its simplicity. A.I-led data interrogation and “NLG”-driven report writing in clear, concise and succinct language articulates your business’ fundamentals as a snapshot-with-depth. See the numbers, read the reports, understand the key variances. How and why has the Balance Sheet moved? What’s driving my Profit-&-Loss between periods? And how’s my liquidity placed for my impending financial obligations?
Whether you’re a business owner or an Accountant, if you are a Xero user and want to gain a deeper analytical view of the way your business is performing – “Sign up now, for your 30 day free trial.”
Author: Dimitri Cachia, Subject Matter Expert at Arria NLG