Artificial intelligence (AI) involves using computers that can simulate human intelligence. AI software uses fast, repetitive processing and algorithms to "learn" from large amounts of data and complete decision-based tasks. Find out more about the opportunities offered by AI, as well as its limitations.
Learn the essentials about artificial intelligence and cognitive computing through this e-learning module. It covers the three areas where this technology is most relevant and beneficial for finance, as well as common misconceptions.
Robotic process automation (RPA) and artificial intelligence (AI) are tools that sit on the spectrum of cognitive technologies, and some vendors' offerings are converging. Here you can see the differences.
Learn about the impact of artificial intelligence and the opportunities it presents for the accountancy profession.
What opportunities does AI offer?
The Tech Faculty Lecture, this year examines the advantages, opportunities and challenges bought the advancement of artificial intelligence.
The benefits of implementing cognitive technologies go beyond automation of low-value activities and cost cutting, these software programmes can help finance functions to identify hidden risks and new opportunities.
ICAEW and Deloitte believe that there are three technologies using artificial intelligence and cognitive computing that are of most relevance to finance functions: cognitive language, machine learning and computer vision. Find out how these technologies work and what they can do.
Read real-life examples of how finance functions are using artificial intelligence and cognitive technologies, to improve efficiency and solve problems such as matching payments to invoices, answering supplier queries and preventing payment disputes.
Shamus Rae, Partner and Head of Digital Disruption at KPMG UK, in this webinar outlines how Artificial Intelligence is increasingly becoming a key component of automation in finance.
Join Artificial Intelligence expert Professor Moshe Vardi on 30 June for this live-streamed event to discuss the growth of AI and its impact on the accounting profession.
How to implement AI
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.
To help finance teams considering artificial intelligence or cognitive computing technologies, ICAEW and Deloitte have identified the common barriers to success that must be overcome. These include: access to data, availability of skills and the integration of systems.
There is a lot of hype about AI at the moment, but to what extent are accountants really making use of AI?
Artificial intelligence and cognitive computing technologies present some exciting opportunities for finance, but they can also be a daunting prospect. ICAEW and Deloitte have come up with five simple steps to help get you started.
Nuno Godinho, Executive VP of product delivery at SAGE, in this webinar outlines the concept of a virtual finance director and the developments in software and communications and other technologies that enable accountants and business to operate in this way.
Preparing yourself and your organisation for the impact of disruptive digital technologies might feel like a daunting task, but this eLearning module introduces you to a three step approach that is designed to help businesses embrace this change within finance.
Complete the FDW eLearning course
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 eLearning content.
With COP26 taking place in Glasgow later in 2021, Kirstin Gillon examines how businesses can disclose climate-related risks, align their digital strategies with these concerns and meet evolving net-zero targets.
Lucy Ingham investigates the impact of the pandemic on the fourth industrial revolution and the move to adopting new technologies in future.
Tips for employees on how to successfully move
What the python program offers and why it's so popular
In the future, chartered accountants will have an increasingly vital role to play in ensuring that societies across the world have access to reliable, fact-based information.
We speak to Zafar Anjum, founder and chief executive of CRI Group, about the rising levels of fraud during the pandemic, and how his company is using AI to investigate wrongdoing.
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.
5 January 2021: Training and skillsets have topped the list of concerns of respondents to an FRC consultation on the use of technology to enhance audit quality
More ICAEW support
Discover more about the impact of artificial intelligence and the opportunities it presents for the accountancy profession.
How technological advances and digital transformation are impacting the profession.
We can keep you up-to-date with tech issues and developments.
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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