To develop a new Artificial Intelligence model, it needs to be trained. This is done by processing a large amount of data several times until the model works.
With AI models becoming more complex, larger datasets are required to fully operationalize the model. This is taking significant amounts of computing power, and thus, electricity.
In a study at the University of Massachusetts, researchers found “that the process can emit more than 626,000 pounds of carbon dioxide equivalent—nearly five times the lifetime emissions of the average American car (and that includes manufacture of the car itself). “
Similar issues have been raised with Blockchain mining, in particular Bitcoin.
At the SAP Sapphire 2019 conference, Kerry Brown, VP of workplace adoption spoke on the technological changes affecting the workplace. He believes that “AI has the capability to impact and replace jobs in any workplace.”
Brown outlined 5 ways employees can “stretch” themselves from the disruption in the workforce.
At a recent conference, Randy Johnston, founder of K2, spoke of the emerging technologies affecting the accounting profession. He also warned of giving into FOMO or the Fear of Missing Out. Most firms cannot adopt all of the new technologies at once.
For the rest of his remarks, see the article on Accounting Today at:
The various forms of AI are poised to significantly change the accounting workforce. There are many benefits to using AI in the accounting functions, such as reduction of errors, the ability to process larger datasets and the availability of more data for decision-making.
Artificial Intelligence has been used to play Jeopardy, respond to verbal requests to play music, and answer trivia questions. It is also widely used in the business workplace to automate processes and predict results. AI is evolving to understand further nuances in a users voice to detect emotions.
The Wall Street journal examines the possibilities of AI: