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IT management

Good IT management is essential to achieving value from IT systems and managing the risks associated with them. IT management covers the full lifecycle of systems, from the initial decision to invest in a system through its operational life until it is no longer needed and ultimately decommissioned.

In this section

My system is down - what do I do now?

In the last couple of weeks, a significant number of accountants, their clients and businesses will have been affected by “major outages” with cloud accounting software.

IT governance and strategy

Data protection and privacy

All organisations that collect, store or process personal information on living and identifiable people must comply with the Data Protection Act 2018. Additional resources can be found on the GDPR (now the Data Protection Act 2018 in the UK).

Finance in a digital world

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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

Distributed ledger technology: cutting through the paradox

Article discusses how distributed ledger technology (DLT) is expected to accelerate its transformation of the financial services industry but legal and regulatory frameworks for financial services have taken time to adapt. The author argues that it is essential that legal systems grappling with digital assets are mindful of the risks and pitfalls of inconsistency with other legal systems and a consistent application of governing law should be considered.

AI and digital discrimination

The article points out that management accountants and other financial professionals can minimize artificial intelligence (AI) discrimination by contributing to responsible AI practices and risk mitigation. Topics covered include the role of data in AI, examples of apparent biased automated decision-making system and the ethical challenges concerning biases in automated decision making. It also cites how to promote responsible AI practices and the importance of data governance and curation.

Putting AI and ML workloads in the cloud

The article discusses that the market growth of artificial intelligence (AI) is driven by developments in cloud computing, as firms can take advantage of the low initial costs and scalability of cloud infrastructure. Also looks at the pros and cons of putting AI and ML applications in the cloud.

How Lloyd's of London is digitising

Article discusses that the insurance market Lloyd's of London's joint venture with DXC Technology is modernising the organisation by digitising its largely paper-based analogue processes through cloud computing and the transformation of business applications.

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Useful links

Establishing a pro-innovation approach to regulating AI

Policy paper from the Department for Digital, Culture, Media & Sport, Department for Business, Energy & Industrial Strategy, and Office for Artificial Intelligence on the UK's emerging approach to AI regulation.

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