If you watched Sunday’s big game, you may have caught H&R Block’s new ad that highlights an initiative to use cloud-based IBM Watson services to help customers make sense of the time-consuming and often confusing process of filing their taxes.
The first phase of the two companies’ collaboration involves training Watson to knowledgeably answer the numerous questions that come up during the tax preparation process. To do so, H&R Block fed the IBM supercomputer all 74,000 pages of the US tax code.
Here’s the ad, in case you missed it:
That’s just the first step. NetworkWorld explained what comes next:
IBM said that Watson’s initial training was validated by H&R Block tax experts – who have filed some 720 million returns since 1955 – and the initial corpus will expand over time through each subsequent tax season. During the next phase, H&R Block tax professionals will work with IBM to continue teaching Watson all about tax and apply the technology to innovate in other areas of their business.
Applying Watson’s machine learning, natural language and image recognition capabilities to world of tax preparation adds another industry to its skillset. It has also worked in fields including healthcare and cybersecurity.
Hate standing in queues? Me too. In fact, I’ll avoid them even if there’s no alternative. This is how Nicco was born. I was at a sports bar, and the queue for drinks was so long that I refused to get in line. Over three hours, I had one drink and one snack and walked […]
EcoPlant is helping food and beverage companies significantly improve energy use, optimize maintenance and save money. Our software as a service (SaaS) solution continually monitors and optimizes compressed air systems in near real time to help food and beverage makers, as well as companies in other industries, maintain and manage air compression systems. Air compression […]
Approximately 600 million people do not have electricity in Africa according to reports on World Bank data. Even though progress has been made to get more people in Africa on the grid, the absolute number of people without power remains the same due to population growth. In rural areas, cell phones are vital for people […]