Digitalisation: new service line opportunities
Increased use of cloud-based digital solutions is proving hugely beneficial to firms in running their own businesses as well as their client’s.
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.
Increased use of cloud-based digital solutions is proving hugely beneficial to firms in running their own businesses as well as their client’s.
Kirstin Gillon summarises the key points from the Tech Faculty’s recent webinar on creating a data solution that works for your business.
Lesley Meall examines the questions that remain about the technology required to support post-pandemic hybrid working – and whether accountants can adapt to the changes.
Key steps to successful cost-effective investment
Jessica Pillow of Pillow May chartered accountants considers the different tools available for onboarding clients into your growing cloud practice, including examples with GoProposal and Practice Ignition.
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).
Factors to consider when choosing IT infrastructure and systems for your practice.
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.
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.
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.
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.
Storytelling can be a powerful way to convey your data analytics strategy to your organization's key stakeholders. Not everyone understands data, but everyone understands a story. Hooks that can be used to gain the attention of your audience include an unusual data example, unexpected information and a call to action.
Terms of use: You are permitted to access articles subject to the terms of use set by our suppliers and any restrictions imposed by individual publishers. Please see individual supplier pages for full terms of use.
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.
Forbes article which looks at the future role of accountants and the skills they will require.
European Commission hub page for Europe's approach to AI, focussing on 2 areas: excellence in AI and trustworthy AI. The main publications are Proposal for a regulation on artificial intelligence; Strategy on artificial intelligence; Coordinated plan on artificial intelligence 2021 review
ICAEW accepts no responsibility for the content on any site to which a hypertext link from this site exists. The links are provided ‘as is’ with no warranty, express or implied, for the information provided within them. Please see the full copyright and disclaimer notice.