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Artificial intelligence

Discover more about the impact of artificial intelligence and the opportunities it presents for the accountancy profession.

In this section

Features and articles

Ethics and new technologies

Ethics is particularly important for the accountancy profession, with a code for professional ethics based on five basic principles – integrity, objectivity, competence and due care, confidentiality and professional behaviour. However, the emergence of new technologies raises some new challenges for the profession to address.

Planning for technology change

The next generation of automation will not be like the last. We asked Mark O'Sullivan and Kabir Dhawan of Grant Thornton to consider some of the implications of automation and how this may affect auditors and other accountants.

Think again

With fears that artificial intelligence could take away jobs from financial services, Matt Weston looks at how it’s potentially changing hiring for the better

Webinars and recordings

Getting started with RPA - pilot projects

Alison Spottiswoode and Tim Grassam, from RPA software provider Blue Prism, offer practical insights into how to set up and run pilot robotic process automation projects in your organisation, drawing on the firm's 10 years of experience.

Finance in a digital world

Finance in a Digital World

ICAEW is collaborating with Deloitte to ensure its members have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Complete eLearning, watch webinars and read bite-sized summaries on individual technologies and the broader impact of digital technologies on finance.

The Library & Information Service provides a hand-picked collection of industry press articles as a benefit of membership. If you are unable to access an article, please see our Help and support or contact library@icaew.com

The fundemental flaw in AI implementation

The article focuses on failure of business leaders to fully unlock the advantages of artificial intelligence (AI) despite their enthusiasm over the opportunities presented by machine learning for business process automation. It discusses considerations for an effective enterprise resource planning (ERP) implementation and the author's study of how companies integrate value-adding AI algorithms into their process. ** Registration required for access to 3 free articles per month **

Getting the most out of the Internet of Things

The article offers ideas for businesses on how to take full advantage of the Internet of Things (IoT) in their organization. It offers insight from several executives regarding the huge opportunities of IoT due to the increasing number of connected devices worldwide. It also provides tips for businesses on how to ensure successful adoption of IoT with the right infrastructure to realize its potential.

AI must move beyond pattern matching

The author believes that Artificial intelligence and deep learning have revolutionised applications such as computer vision, but more complex problems require a different approach. According to Bill Ruh of GE, the reason businesses do not see value in AI as the people who build AI systems are not sophisticated enough in engineering domain expertise. Ruh argues that there are situations where a wrong result is costly, although AI and machine learning use a pattern to obtain a goal.

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Useful links

AI in the UK: ready, willing and able

House of Lords Select Committee on Artificial Intelligence report of session 2017-19 whose 'recommendations are designed to support the Government and the UK in realising the potential of AI for our society and our economy, and to protect society from potential threats and risks'.

An executive's guide to AI

An interactive guide form McKinsey & Company giving essential information for executives on Artificial Intelligence, including an AI timeline, information (what is it/when to use it/how it works) on the different types of machine learning and deep learning with business cases for each.

Machine learning and its impact on accounting

A summary of a panel discussion on machine learning, artificial intelligence and its impact on accounting. The article looks at predictions for 2018 and the implications for making tax digital (MTD).

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