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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

AI is not magic

Artificial intelligence (AI) and automation make the seemingly impossible possible. They magically bring machines to life – driving cars, trading stocks, teaching children or providing healthcare. In Prediction Machines, Avi Goldfarb and two fellow economists debunk this magical myth and recast the rise of AI as nothing more than a drop in the cost of prediction.

Webinars and recordings

Digital transformation: mega trends in the accountancy profession

In this webinar, Bernard Marr provides an overview to open your eyes to the scale of the change that big data, artificial intelligence and the Internet of Things will bring as well as the opportunities and challenges that come with it.

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 **

How robot workers can augment human productivity

The article focuses on the impact of robotics on the productivity of humans. It mentions that artificial intelligence (AI) platforms is used to solve complex problems in humanity, including, seeking cancer cure and developing machines that can take people to Mars. It mentions that machines are used in place of manual workers during the Industrial Revolution of the 18th and 19th centuries.

Enhance efficiency by automating IT services

The article explores the role of chatbots and artificial intelligence (AI) on information technology service management (ITSM). Topics include the need for businesses to integrate AI to be efficient while avoiding repetitive tasks, the challenge in keeping up with the current IT-related issues and the massive opportunities of AI on business planning and on the decision making process in businesses.

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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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