In 2019 IT Competence Centre project “Competence Centre of Information and communication technologies” (contract No. 220.127.116.11/18/A/003) approved 14 sectoral and 2 cross-sectoral studies, 10 of which are being implemented in scientific direction “Technology for business process analysis” and 6 into scientific direction “Natural language technologies”.
In May 2019 Accounting Latvia, Ltd. in partnership with project implementing party TILDE, Ltd launched the study on “Research of artificial intelligence methods and creation of complex systems for automation of accounting processes and decision modeling in business”.
The aim of the project is to conduct research on applying new artificial intelligence methods on accounting process automation and on business performance analytics and financial forecasting. At least two scientific publications are planned to be published.
The research is carried out by TILDE, Ltd in cooperation with Accounting Latvia, Ltd, Merhels Revidenti Konsultanti, Ltd and SEB Banka, PLC.
The project is co-financed by the European Regional Development Fund as part of Operational Program “Growth and employment” for 1.2.1. specific objective “To increase private investment in R&D” 18.104.22.168. action “Aid for the development of new products and technologies within the competence centres”.