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.
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.
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:
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.