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.
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
IT infrastructure
Building a data strategy
Kirstin Gillon summarises the key points from the Tech Faculty’s recent webinar on creating a data solution that works for your business.
Adapting technology and security for homeworking
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.
Digital transformation will power your business
Key steps to successful cost-effective investment
IT governance and strategy
Helping your business stand out with onboarding tools
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.
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).
5 things to think about when considering your IT options
Factors to consider when choosing IT infrastructure and systems for your practice.
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.
Industry press
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
Five reasons to repatriate from the cloud
The article explores the reasons behind cloud repatriation, a process of reverse-migrating application workloads and data from the public cloud to a private cloud. It mentions the impacts of the Covid-19 pandemic on the cloud companies. It discusses the reasons for cloud repatriation including cost reduction; poorly planned moves to the cloud, supllier failure, security and regulation .
The critical first step to data security
The article discusses the essential data security strategies that management accountants can use in applying business performance measurement skills in the identification of key performance indicators (KPI) for data security and classification. Topics include the IBM data showing that data breach average cost stood at 4.24 million dollars in 2020, and the importance of data classification as the foundation of data security.
Disaster recovery for SMEs: five key areas to consider
Article discusses key disaster recovery considerations for SMEs, including why backup is not enough, how to create a disaster recovery plan, best-practice DR testing and DR as a service
Are proposed data protection changes a threat to the privacy of UK citizens?
Article details concerns that the Government plans to liberalise data protection laws and 'open the door to an unstoppable grab of personal and private data.'
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Useful links
The Future Of Accounting: How Will Digital Transformation Impact Accountants?
Forbes article which looks at the future role of accountants and the skills they will require.
A European approach to artificial intelligence
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
The upskilling imperative for financial services firms
PwC report on the findings of the annual CEO survey that highlight the need for digital transformation ad upskilling of staff in the wake of the Covid-19 pandemic.
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