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PulseReporter > Blog > Tech > How Intuit plans to make use of agentic AI to automate advanced enterprise duties
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How Intuit plans to make use of agentic AI to automate advanced enterprise duties

Last updated: September 25, 2024 9:28 pm
9 months ago
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How Intuit plans to make use of agentic AI to automate advanced enterprise duties
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Intuit introduced vital enhancements to its Generative AI Working System (GenOS) platform as we speak, together with introducing agentic AI workflows to bolster its AI and information capabilities.

Intuit is well-known for its suite of enterprise instruments together with QuickBooks, TurboTax, Credit score Karma and Mailchip. The corporate has been on a multi-year journey to combine AI capabilities that enhance person expertise and productiveness. At VB Rework 2024, the corporate outlined among the methods it’s utilizing generative AI to enhance personalization. To this point, these efforts have included the corporate’s Intuit Help, an AI assistant that’s powered by the GenOS platform. Intuit is now taking the platform a step additional asserting its plans and targets for agentic AI.

The GenOS framework is being expanded with enhanced safety, usability and features to allow the agentic AI workflows.

“It’s bringing collectively the ability of GenOS, the orchestrator, massive language fashions, GenSRF (Safety, Threat and Fraud), the UX expertise, and it’s tying all that with what individuals really need, which is the flexibility to to have work carried out for them,” Ashok Srivastava, Intuit’s chief information officer, instructed VentureBeat in an unique interview.

Intuit’s new agentic AI options, at the moment in testing, are set to launch for finish customers in mid-2025.

Utilizing agentic AI to automate advanced duties for companies

Intuit is specializing in sensible functions that deal with real-world challenges confronted by companies.

Srivastava highlighted money circulate administration as a key preliminary use case for Intuit’s new agentic AI workflows. The power of any enterprise to have the ability to pay its payments on time is a crucial activity. The problem is commonly whether or not the enterprise has enough money circulate throughout a selected interval.

The brand new agentic workflows can course of numerous forms of buyer data, together with emails, paperwork and pictures, to automate accounts receivable and payable duties. 

“It permits us to automate the accounts receivable and accounts payable duties and merge collectively a number of issues,” he defined.

That stated, Srivastava emphasised that there’s nonetheless a job for human oversight within the course of.

“We need to have human experience concerned with it,” Ashok acknowledged.

Bringing new insights and transparency with agentic AI

Past money circulate administration, Intuit is creating capabilities to offer dynamic insights into enterprise funds.

“We’re creating dynamically produced insights and solutions to buyer questions utilizing a complicated conversational system that sits upon GenOS,” Srivastava stated. “It’s permitting me to get insights into what my monetary scenario is, what my tax scenario is, compliance data and actually serving to me perceive the monetary area.”

As AI turns into extra integral to enterprise operations, considerations about safety, transparency, and environmental impression have grown. Intuit has taken proactive steps to deal with these points. The GenSRF (Safety, Threat and Fraud) module within the GenOS framework performs a vital position in making certain accountable AI growth. GenSRF works alongside the Gen Runtime part of GenOS to make sure AI security.

 “It (GenSRF) has built-in guardrails to assist accountable growth of generative AI functions, it’s extensible and configurable, and it permits us to embed security, privateness, transparency, safety controls instantly within the expertise,” Srivastava stated

Seeking to the longer term, Intuit plans to proceed enhancing GenOS and launching new capabilities based mostly on buyer suggestions. A key focus will likely be integrating conventional AI with generative AI applied sciences.

“If you look into the remainder of the world, they’re solely targeted, it seems to me, a minimum of on what is going on within the generative AI and agentic AI areas, which is comprehensible,” Srivastava stated. “We’re doing the excellent understanding and growth of conventional AI capabilities which are actually going to remodel how our prospects have work carried out for them.”

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