David Cieslak is Chief Cloud Officer (COO) and EVP of RKL eSolutions. He is also a qualified speaker for the American Institute of Certified Public Accountants (AICPA), California Society of Certified Public Accountants (CalCPA), other state accounting societies. He appears at these events as his alter ego "Inspector Gadget".
Recently David sat down with Ed Kless, host of the Sage Advice Podcast. They talked about practical artificial intelligence (AI) in accounting. David also touches on topics such as cloud applications becoming more efficient and effective, trend data gathered through smartphones, and electric cars. With the fast paced direction that cloud applications are heading, David recommends sitting back and watching AI do it's thing.
With Salesforce having Einstein and IBM having Watson, within the next couple years AI will have figured out much of the kinks and technicalities for you. Eventually publisher's who own the cloud application will have so much data that it would be mutually beneficial for both your company and the publisher to trade-off; you could have a macro-view of the publisher's gathered data for a preferred price set by the publisher. This data could also be used to find trends. Using the data that is gathered from smartphones and sent to the cloud, U-haul was able to charge users more who were going to Texas from California than those who were going from Texas to California.
In a couple of years, it may be cheaper to use electric cars. Because of Tesla having an open-source patent on electric cars, they are open to adaptations and it's predicted that by 2025, 1 out of 5 cars on the road will be electric cars bought using a subscription model.