In today’s world artificial intelligence (AI) is no longer an element of science fiction but is becoming an integral part of our everyday life and professional activities.
The webinar “Artificial Intelligence (AI): Revolutionary Changes in Professional Services” set up by BDO in Ukraine together with the Dnipro and South Ukrainian offices of the European Business Association (EBA) highlighted the key aspects of an impact of AI on professional services. The speaker was Andrii Borenkov, the Head of Advisory at BDO in Ukraine who shared his knowledge and experience in this field.
- Automation of routine tasks
One of the main advantages of using artificial intelligence in professional services is the ability to automate routine and monotonous tasks. This means that tasks that previously required ample time and considerable effort from specialists, such as information retrieval, data processing and document analysis, can now be performed faster and more accurately thanks to AI algorithms. Such automation not only increases the efficiency of work processes, but also frees up the time for specialists to focus on more complex and creative tasks.
Using AI can boost some tasks to a qualitatively new level, such as searching for information based on a vague requirement (finding something similar to a target object) or preparing materials on a given topic.
- Influence on professional services
Artificial intelligence has the potential to revolutionize the field of professional services, providing new opportunities for personalizing services and improving the quality of analytics. AI can help to distinguish trends and patterns from large amounts of data, which would have been impossible or very time-consuming for a human before. This opens the door to a deeper understanding of customer’s needs and the development of more effective business strategies.
- Role of Artificial Intelligence in a team
Andrii Borenkov emphasized the perception of AI not just as an analytical tool but as an additional team member. Artificial intelligence can serve as an assistant capable of processing large amounts of information, providing recommendations, and supporting data-driven decision-making. This approach enables to increase the flexibility and adaptability of teams, providing them with a competitive advantage in today’s dynamic business environment. To some extent, such an additional team member will contribute its experience by writing codes for tasks that require simple programming even if other members do not have the relevant competencies.
- The future of Artificial Intelligence in professional services
The prospects for using AI in professional services look promising, although carrying certain challenges and risks. It is important to understand the limitations of artificial intelligence and to develop strategies in order to effectively manage the risks associated with its implementation. In doing so, active participation in dialogue and the exchange of experience between specialists will allow for better understanding of the potential of AI and using it to reach new heights in providing professional services.
If you are interested in implementing and using artificial intelligence in your company, please contact the specialists at BDO in Ukraine. Our team of experts is ready to provide you with a full range of consulting services, from the analysis of your business needs to the development and implementation of individual solutions based on artificial intelligence. We will help you to unlock the potential of AI to optimize processes, improve efficiency and achieve new levels of innovation in your business.
Watch the webinar “Artificial Intelligence in Professional Services: A Revolution of Change” using the link below.
