Irish Artificial Intelligence Ecosystem is ripe for claiming R&D Tax Credits.

Developing new Artificial Intelligence (A.I.) and robotic technology, as well as improving on past technologies, requires research and development.

Companies can and should be utilising R&D Tax Credits during their innovation process in the development of any new Robotics or A.I. products and technologies.

A.I. Industries that qualify for R&D Tax Credits

Most modern companies have access to large quantities of online data, but many of them lack the necessary tools to unlock the value this information can deliver. A.I. can help uncover data insights that allow them to manage their resources more efficiently and better serve their customers.

A.I. and robotic development is being used in Healthcare, Cybersecurity, Biotechnology, Food Processing, Fintech/Insurance, just to name a few, and spans almost all industries of business. Companies are incorporating A.I. and robotic development into their production lines and product offering. Examples include new techniques, formulas, processes, software, and the use of innova­tive materials to create more reliable, energy-efficient products or processes.

Qualifying types of A.I. activities and innovation projects

Opportunities exist for research credits when applying computer systems to tasks that once required human intelligence. Time spent training A.I. systems to use data and guiding the system through making distinctions could qualify for the research and development (R&D) tax credit Ireland.

Here is some example of activities that may qualify:

• • Developing new or improved products, processes, formulations, or technologies
  • Designing, developing, and testing product prototypes
  • Hardware and resolving how that hardware interacts with software for the intended use
  • Software Development and Programming source code
  • Establishing electronic interfaces and functional relationships between various software modules
  • Testing and integrating alternative materials to improve product performance and manufacturing processes
  • Developing fraud detection A.I. used to spot anomalies in data sets
  • Using cognitive systems that learn what makes for effective performance and identify deviations from these learned models
  • Evaluating Cognitive Robotics creating new levels of judgment-based automation, enabling new levels of productivity and accuracy
  • Applying “Deep Learning,” to understand and resolve complex user queries such as the ability to automate judgment on images
  • Exploring better sight and sound recognition
  • Improving the production of robots to lower system engineering and installation costs
  • Testing the application of artificial intelligence in robotic controllers

It pays to engage the Specialists

It pays to seek expertise advice and get the best return on your claim.  Braithwaite are delighted to have several leading Fintech, Technological and Bioscience companies in Ireland on our books.

Thanks to our resident Expert IT Technical Consultants we have managed to maximise claims for these clients and let them get back to doing what they do best.

Make a new year Resolution to avail of our Complimentary Consultation and Contact Braithwaite Today.