Driving AI in accounting industry

150 150 MIMOS Berhad

The country needs to embrace digitalisation harder and in more sectors if it wants to get ahead of the curve in the Fourth Industrial Revolution.  

Through Industry4WRD (the National Policy on Industry 4.0), the government wants to provide the right platform for SMEs to reinvent themselves and adopt the latest technologies so that they can be globally competitive.  Industry4WRD encourages businesses to respond to the rapid-fire challenges of the Fourth Industrial Revolution, and stresses on the importance of digital transformation not only in the SMEs but also their enablers, especially accountants.

To answer the government’s call to accelerate digital technology adoption by industry and to promote Artificial Intelligence (AI) practice management for accounting industry, MIMOS has teamed up with business consultant firm 6Biz Sdn Bhd.  The partnership marked an important step in MIMOS’ initiatives to drive AI across key sectors of the digital economy.

MIMOS and 6Biz signed an MoU on April 16, where both parties agreed to work closely in developing AI solutions for accounting companies across Malaysia, which is expected to be implemented by 3Q of 2019. The MoU also marked the launch of the first AI Practice Management in Malaysia, transforming the profession to meet the higher demand for accountants in supporting nation building.

 

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