Artificial Intelligence―Entering the world of tax
To manage the changing tax landscape, alongside the increased use of analytics, tax authorities and tax advisors are starting to explore the possibilities for deploying sophisticated data analytics and Artificial Intelligence (AI) in tax to facilitate compliance and assist professionals and their clients with commonly encountered questions. While data analytics has received a lot of attention, Artificial Intelligence in tax is a relatively new phenomenon.
Deloitte is investing heavily in innovation to bring new technology powered solutions to our clients. We’ve chosen not to “bet the farm” in one area–say a cognitive online tax advisor–but launched multiple projects designed to uncover the most fertile areas in which tax can benefit from AI. Our approach is pragmatic, but our goal is to be a visionary leader.
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