The counter attack against the artificial intelligence (AI) backlash has begun. This is good news for tax executives evaluating how AI and machine learning (a common form of AI) might help improve their function’s performance.
In February, the European Union (EU) considered legislation that would have levied a new tax on robots. Although the proposal did not compute with most EU lawmakers, its materialization shows that robotics – along with machine learning, artificial intelligence (AI) and related forms of 21st Century automation – are pushing traditional tax concepts into new territory.
When it comes to the adoption of enterprise cloud technology, many companies are “barely out of the first inning.” That is what Oracle Vice President of Technology Robert Shimp told VentureBeat and that the same prognosis was repeated, in optimistic terms, at the Oracle OpenWorld conference in San Francisco.
Hadoop is the “most-deployed and most-discussed big data technology,” according to enterprise software expert and Demandbase SVP technology Aman Naimat. The open-source software platform is commonly described as an “ecosystem” that stores and processes vast amounts of data via many different components.
In the 2013 sci-fi movie “Pacific Rim,” humans and governments come together to battle legions of sea monsters. I can safely report that the 2016 Pacific Rim Tax Institute conference featured less dramatic, more realistic scenes and dialogue.
The annual Gartner Symposium has long been recognized as a venue for leading-edge technology trends. This year’s event was no different, and I was pleasantly surprised to see that our corporate tax domain is ahead of the trend curve in one key respect. This year’s Gartner Symposium, the event’s 25th anniversary, featured a theme of “Rise to the Challenge” – the challenge being the rapid acceleration of digital business adoption. The conference’s main message centered on the fundamental transformation of how business value is created.
At Vertex, we’re mindful of a troubling skills gap, particularly in the U.S. where there’s a growing need to develop science, technology, engineering and math (STEM) skills in students of all ages. The latest figures from Manpower’s ongoing talent-shortage survey indicates that 39 percent of U.S. employers currently experience difficulty filling jobs – despite relatively high levels of unemployment. The number one reason for this difficulty? A lack of technical competencies. So I decided to see if we could address the need in our own back yard. First, it must be noted that I am a proud Penn State alumni.
Silicon Valley-based Ventana Research recently recognized Vertex Enterprise in the category of Business Innovation for the Office of Finance in the technology research firm’s 2013 Technology Innovation Awards. While we are not big on publicizing accolades, this one is special.
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