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
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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
Digital skills of the future
The article discusses the technical and digital skills that finance professionals should learn and gain expertise to gain considerable advantage in their profession, including process modeling, data governance, and software use and development.
Government's pro-business AI framework sets out sector-specific regulations
Article reports on the government's paper outlining the government’s approach to regulating AI technology in the UK but speculates that the EU Ai Act may become the 'gold standard' of AI regulation.
Five stages of digital transformation
Article looks at why some companies fail to gain benefits from investment in digital transformation and give 5 steps that are used by companies successful in their digital transformation.
The human centred approach to AI
Article discusses the success of companies in terms of bottom-line, according to research, that have a human centred approach to AI (Artificial Intelligence). The IDEAS ( intelligence, data, expertise, architecture, and strategy) framework is outlined that is used by leading players in different industries.
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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.
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
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