Twitter’s goal is to make it easier for you to know when you might be interacting with a bot account, but (at least for the moment) the test is invitation-only. According to the test’s information page, “…automated labels help you identify good bots from spammy ones and are all about transparency.”
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Automated account labels, in practice, are meant to clearly show that a given account is automated (aka a “bot” account). When activated, the the words “automated account” will appear under the account's profile name and handle on its profile page. However, you still have to either check the profile page or, on desktop, put your cursor over the name to see this label.