close
Share with your friends

Demystifying machine learning for tax

Demystifying machine learning for tax

KPMG’s Tony O’Reilly, Barry Sullivan and Peter Xing explain what data automation and machine learning could mean to the future of your business’s tax function.

1000

Also on home.kpmg

Machine robot

Artificial intelligence (AI), robotic process automation, machine learning, cognitive computing – we hear these buzzwords everywhere now, but what does it all mean for tax professionals? Who cares if Watson can beat the best of us at Jeopardy!? Or that AlphaGo can do the same with Go? Will someone please just do my taxes for me?

As a tax technology professionals, over the past few years we have seen the deluge of marketing (of which some we are guilty of) from the likes of consulting firms, software vendors and the ‘futurists’ out there – all preaching an inevitable rise of the robots, who could automate everything, including the tax function.

However, after trialling solution after solution, over time, the disillusionment has been… sobering. 

Here we discuss some of the results, perhaps demonstrating AI for tax can move your business from disillusionment to a slope of enlightenment.

To continue reading this article, please register for KPMG Tax Now

 

©2021 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.


For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.

Sign up today