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Technology

Keep up-to-date with tech issues and developments, including artificial intelligence (AI), blockchain, big data, and cyber security.

In this section

Tales of the unexpected

Advanced technologies are revolutionising accounting and business, but unintended consequences have arisen when replacing humans with algorithms.

AI in accountancy where is it being used

As more and more accountants look to make use of new capabilities in artificial intelligence (AI), it’s helpful to share experience of how people have used it to date.

The essential guide to blockchain

This guide from the ICAEW sets out the key features of blockchain, and the challenges it must face to reach widespread adoption. It includes case studies of real-life applications, as well as examining its impact on accountancy.

What is blockchain?

Blockchain technologies have the potential to disrupt the work of finance teams – particularly those focused on transactional tasks – by offering a system of universal entry bookkeeping, removing the need for independent verification. Here ICAEW’s Tech Faculty and Deloitte outline the basics of this complex and developing technology.

Data analytics software for business

The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.

What do you want to see in a "global view" of your clients?

A practice management system becomes ever more important in the accounting practice, even more so with remote working. What defines a practice management system can differ substantially from one firm to another, and even accountants in the same practice will have differing opinions!

Byte size: Tech news roundup

A roundup of the latest news surrounding technology. This edition includes: A new report from EY highlights household attitudes and habits towards technology; new warnings for scams related to COVID-19; and gamers are participating in an economy powered by turnips

How the COVID-19 tracker app works

14 May 2020: Countries across the globe are launching apps aimed at slowing the spread of COVID-19. Here we explain how they work, their potential benefits and risks, and the approaches different governments are taking.

AI in accountancy where is it being used

As more and more accountants look to make use of new capabilities in artificial intelligence (AI), it’s helpful to share experience of how people have used it to date.

Data analytics software for business

The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.

Automation: quantifying the changed workload

In one of the cloud add-ons that provides data analytics, there are “Activity Stats”. This was designed mainly for use in quoting prices, but it does provide an insight into the potential workload, or indeed, reduction thereof, when automation is introduced.

Data analytics software for business

The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.

Finance in a Digital World

Digital transformation

ICAEW has brought together these resources to help you understand how digital technologies are transforming economies and workplaces. Learn what it means for businesses and accountancy practices.

AI for finance professionals

ICAEW has brought together these resources to help you understand artificial intelligence and what it means for finance functions. Here you'll find support on identifying how AI can benefit your organisation and how it to start implementing the technology.

RPA for finance professionals

ICAEW has brought together these resources to help you understand Robotic Process Automation (RPA), what it means for your organisation and how it to start implementing the technology.

The future of accountancy work

Digital technologies are set to have a revolutionary impact on the work of accountants, both in business and in practice. ICAEW has gathered together these resources to ensure its members understand how finance functions will change, the skills that will be needed and the role you will play.

How should financial services respond to coronavirus and the cyber-security threats that come with it?

In 2002 the then US Secretary of Defence, Donald Rumsfeld claimed that when he looked to the future he saw two kinds of unforeseen event: the “known unknown” and the “unknown unknown”. Rumsfeld was lampooned for his statement at the time, but with the rise of COVID-19 and its knock on effects on IT systems across the world, many are coming face to face with the stark reality of this infamous truism.

Coronavirus guide: cyber hygiene and data

Criminals thrive in times of uncertainty and fear, and the UK’s National Cyber Security Centre (NCSC) has already reported an increase in cyber threats which refer directly to the coronavirus. This guide outlines the key steps to basic cyber hygiene and highlights some useful resources.

Data analytics software for business

The recent pace of technological changes and increasing volumes of data being dealt with, has created a need for finance professionals to be able to manipulate and analyse data to aid in-depth insights, improve financial reporting and ultimately facilitate better business decision making.

Automation: quantifying the changed workload

In one of the cloud add-ons that provides data analytics, there are “Activity Stats”. This was designed mainly for use in quoting prices, but it does provide an insight into the potential workload, or indeed, reduction thereof, when automation is introduced.

Big data and analytics: the impact on the accountancy profession

Big data is creating many opportunities for businesses to derive greater insight from data, predict future outcomes more accurately and automate non-routine tasks. But the use of big data and analytics needs to be appropriate and subject to robust challenge. As a result, it’s important to build our understanding around what big data means, and this short report aims to inform decision makers in business and government about the opportunities and risks in this area.