The artificial intelligence and machine learning boom has led to concerns about ‘black box’ models and systemic bias. A solution to this is to build explainable AI. Technical Manager David Lyford-Smith explores what that means and how it can be done.
Features and articles
The results of the FRC’s consultation on tech’s place in audit have been published. David Lyford-Smith takes a look at the lessons for the future.
The UK financial services sector is examining ways to improve economic crime detection processes, in particular through the use of artificial intelligence. This comes with a number of benefits and challenges, explains UK Finance chair Robert Wigley.
How to safeguard your programs from bias
Business resilience is a skill not easily learned or acquired, but so vital to the survival and overall success of your business. Use your guide to ensure you have all the right tools in your armoury to succeed in such uncertain times.
Robotic process automation (RPA) can save organisations' time, with tasks performed with higher speed and accuracy, as well as removing the risk of human error. However, it is not suitable for all processes and, in some cases, could act as a sticking plaster for a system that needs to be re-engineered.
There has never been a more exciting time to explore the transformative potential of technology in relation to audit. Tech advances are helping to improve the performance of audit, making it more insightful and informing better conversations in audit teams and with clients.
Cognitive and automation technologies such as artificial intelligence (AI) have drawn a great deal of interest, but also concern about the potential for bias and misuse. ICAEW’s Tech Faculty examines the risks associated with the adoption of emerging technology and how these risks can be tackled through internal controls and assurance.
Webinars and recordings
There is a lot of hype about AI at the moment, but to what extent are accountants really making use of AI?
Technology is transforming audit.
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Finance in a Digital World
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The article looks at the importance of an ethics map as a component of any company's artificial intelligence (AI) usage and AI-based decision-making strategy.
Article asks whether we should be worried about automation taking over jobs, a process which has been accelerated by the coronavirus pandemic.
The article offers information on how artificial intelligence can help storage management. It mentions Storage hardware monitoring is well established, with tools that gather data on volume usage and equipment performance, but also environmental data, temperature, power consumption and component-level readings from drives; and the more advanced tools can make recommendations to optimize performance and utilisation.
Each year Deloitte publishes its Global Robotics Survey where it asks businesses around the world about their awareness and implementation of RPA.
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.
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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