The world is changing and technology is at the heart of that evolution. Here, we explore the intersection between finance and AI, and question how the two can work together.
Features and articles
Writer Nick Huber talks to two accountants about the AI that has worked for them, and takes a brief glimpse at when plans don’t pan out and criminals harness AI.
Shamus Rae, CEO of tech start-up Engine B, and Kirstin Gillon, Technical Manager in ICAEW’s IT Faculty, consider the progress made by AI within finance.
Artificial intelligence tools can give accountants the freedom to refocus their attention on the highest risks and transform the way they deal with them, but at what cost?
To find out how businesses and accountants are approaching this powerful new technology, we partnered with the Shanghai National Accounting Institute and Inspur to talk to IT, operations and finance professionals across China, which is playing a leading role in the development of the IoT.
This thought leadership report provides a rare insight into how digital transformation is being managed in practice across a range of different business settings, and highlights pertinent considerations for leaders undertaking their own transformation projects.
This thought leadership report delves into the ethics of new technology.
This thought leadership report delves into the ethics of new technology and the seismic developments currently taking place in AI and algorithms, which are both exciting and morally concerning.
Webinars and recordings
This webinar will explore how finance professionals can take advantage of this powerful technology.
Gain an insight into this emerging risk and opportunity for financial services firms and understand practical principles for exploring the possibilities in an ethical way
Finance in a Digital World
ICAEW is collaborating with Deloitte to ensure its members and students have the knowledge and skills to take advantage of the opportunities offered by the fourth industrial revolution and to meet its challenges head on. Log-in to access exclusive content, including: eLearning, webinars and 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 firstname.lastname@example.org
The article discusses the uses of natural language processing (NLP), a branch of computer science and artificial intelligence that enables computers to extract meaning from unstructured text. Topics discussed include applications that we use every day, including digital assistants, web search, email, and machine translation; and approaches to natural language processing.
The article offers information on the robotic process automation (RPA) technology that is the combination of existing technologies into easy-to- use automation platforms. It looks how RPA will impact on the work of accountants, reducing the amount of time spent on basic data processing and allowing them to work on more strategic and impactful decision-making tasks.
The article discusses the need to upgrade robotic process automation (RPA) by effective governance of digital workers (bots). Topics covered include different models for an RPA program, the key risk areas in bot implementation, and five critical actions to ensure relevant and effective bot governance. Also noted are the seven key components of RPA governance.
Report from the FRC's Financial Reporting Lab which covers background on Artificial Intelligence (AI), what it is and how it has developed and some of the potential use cases that AI has for corporate reporting. Some actions for all those involved in corporate reporting are given as recommendations.
Each year Deloitte publishes its Global Robotics Survey where it asks businesses around the world about their awareness and implementation of RPA.
Response to the Lords report 'AI in the UK: Ready, Willing and Able' which gives the Government's recommendations and plans for Artificial Intelligence in the UK
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'.
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