What is AI and why is it relevant for my small business?
Summary
Harnessing that partnership lets companies of many sizes deliver new and better experiences, remove manual toil, and provide helpful insights at a hyper-personalised level. For example, if you’re managing paper bills and invoices in Xero, AI is quietly at work for you every time you upload a new document — thanks to intelligent form filling and credit note detection. And in even better news, every time you point out a mistake — by changing a suggested account or correcting the extracted receipt amount — you’re feeding back vital information to help the AI get better and better. These products are brilliant at learning from the wisdom of crowds, and when millions of users complete billions of small tasks everyday, it’s possible to glean significant value in very little time. The only factor holding it back is us — specifically, the speed at which humans can define the problems for it to solve and build the data sets needed to train the algorithms.
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