Question 4

In todays globalized and technologically inundated world, machines are gradually and systematically taking over most business functions that used to be carried out by humans. Machine learning-enabled programs have been designed which are able to learn, grow, and change by themselves when exposed to new data. They achieve this by utilizing algorithms which iteratively learn from data.

E-commerce platforms today feature a simplistic recommendation engine (also bought with this item), with Amazon and Walmart using advanced retail analytics and product recommendations on a regular basis. Social media platforms, such as Facebook, Twitter, and LinkedIn, also use machine learning for personalized content delivery, online advertising, and bidding. The ads that pop up in your Facebook feed are delivered using an ML algorithm that analyzes your preferences to match them with a marketers ad delivery settings.

In spite of the above, fine attributes of Machine learning-enabled programs, some companies resort to the use of accounting software packages.

a. Discuss five (5) practical considerations critical to the selection of accounting software packages in Ghana. (10 marks)

b. Outline five (5) obstacles to machine learning or the adoption of machine learning-enabled programs

and systems by some businesses