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XERO TRIES MACHINE LEARNING Featured

Randy JohnstonXero is testing the use of machine learning in its cloud-based financial software. The New Zealand-based company says the capability with be generally available this year. Machine learning looks like a major buzz word for the year. H&R Block made it prominent with its advertising about the use of IBM's Watson computer in the preparation of tax returns.

The fact that both Intuit and Wolters Kluwer (which markets the CCH line) reacted to questions recently with "we've been doing this for years" suggests Block has made an impact with its claims. Xero says the new technology means that the software will learn to perform such tasks as recording invoices against the proper account via its use of statistical analysis. I asked Randy Johnston, the well-known industry consultant, about machine learning in general. He commented that most implementations have not been true machine learning but were what he called "classifications". He had not, at that point, tested the Xero package but was to do so soon.

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