Xero is advertised as software that leverages machine learning. Some have argued that Xeros utilization of new

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Question:

Xero is advertised as software that leverages machine learning. Some have argued that Xero’s utilization of new technologies will replace human bookkeepers.

Required:

Using a research essay format, critically evaluate the above statements. Key questions that your essay could address are:

i.) What is machine learning? (Bear in mind that there are various definitions of machine learning. Students could discuss these various definitions or choose one and discuss why they believe that this definition is authoritative)

ii.) Does Xero use machine Learning? (Some have argued that some companies say they use new technologies such as AI and machine learning but this is not actually true. That is some companies use these terms as marketing techniques. Is this the case for Xero?)

iii.) How does Xero use machine learning? Provide examples using your own experience using Xero. For instance, working with the Xero links during this unit. E.g. Xero Live Electrical

iv.) Do you believe that machine learning and other emerging technologies used by Xero will replace human bookkeepers?

v.) As an aspiring accountant, how does the increasing automation of accounting make you feel? (Does it make you afraid that your job might be replaced by a computer? Are you not afraid because you’re confident with your computer skills?)