So much is being said about the dangers of AI. I share many concerns related to autonomous cars, massive unemployment and the ultimate convergence of humans and our digital machines.
But all of that overshadows the fact that every day, a startup somewhere in the world is introducing AI software and systems that are making life and work easier for everyday people performing routine tasks.
I chatted last week with Dokka co-founders: Emil Zak, CEO and Eric Edelstein, CMO, who told me their new software is allowing users to dramatically reduce time spent on paperwork, reducing the average time to make each bookkeeping journal entry down to an average of just seven seconds. It also provides advanced tagging, which makes entries easily findable
Companies conducting international business will enjoy the
According to Edelstein, the magic is in Dokka’s unique Visual Document Recognition Technology that the company says is more than 99 percent accurate. If these improvements are true, then Dokka is leap-frogging any and all
The system becomes smarter with each use, as the “brain” analyses every change the user makes, such as creating new tags or using the drag and drop functionality to make changes to the bookkeeping entries. So instead of the user creating and editing rules in the background, Dokka is continually learning. The only thing that is worrisome regarding its learning capabilities, is how would the software act and react if it was being used for accounting a startup business? The user would probably be inexperienced and the software might not be able to guide them, so would new businesses instead have to look for services such as this accounting for startups firm?
The founders say that Dokka is a quick learner: It only needs to see the document processed just one time–and then it recognizes it moving forward, thus automating collections, categorizations and data extraction.
It has lots of neat features such as adding Post-It comments for questions or instructions on invoices as the user winds their way through payment approval and processing. It also lets you tag particular topics making it easy to find topical information.
There are so many news articles about the potential for AI creating dramatic and world-changing technologies, some of which may happen when and as predicted. They suck the air out of the room when it comes to media coverage, and perhaps appropriately.
But startups, all over the world, with far smaller
Dokka falls into this same category of just being downright useful and productive. I expect it won’t grab many headlines, but it is very likely to make stakeholders quite successful, and more important, it is AI to improve work–not replace workers.