PwC recently shared that in 2018 alone, 12 zettabytes of financial services industry (FSI) information was generated, but less than 0.5% was actually leveraged by businesses. This financial data explosion comes from an ever-increasing number of ERP and CRM systems employed by businesses and their partners, gathering and consolidating different payment, expense, inventory, and maintenance
Every week I interview entrepreneurs and experts from around the world to share their big idea about new forms of value creation and the potential we can unlock when technology augments the unique strengths of people to deliver remarkable impact. Transforming financial auditing I got inspired by the big idea behind MindBridge Ai, hence I invited CTO, Robin
We’re grateful to be a part of the world’s journey towards AI. Far more than an academic abstraction, 2018 was a leap forward in the practicalities of AI and machine learning across many different applications, with our own vision for the transformation of audit and financial analysis gaining momentum across the globe. Here are some
With artificial intelligence (AI) influencing every aspect of our lives, and its continued growth in research and commercialization opportunities, the question isn’t whether we should develop it responsibly, it’s a question of how.Last year, over 400 participants came together at the Forum on the Socially Responsible Development of Artificial Intelligence to discuss themes of cybersecurity,
Where is the AI? Artificial intelligence (AI) is all around us, it powers the helpful voice on my phone and it’s in the digital assistant on my kitchen counter. Actually, I have to admit liking to say “Alexa turn on Christmas” to turn my Christmas lights on and off. It’s just a simple end-point computer,
The recent case of the Statistics Canada project to use personal financial data from banks to study the spending habits of Canadians provides a very clear lesson in the ethics of AI. In this case, Statistics Canada has clear legal authority to request and use this data and it’s very likely that the proposed project conforms with
The world is changing at a faster pace than ever, leading chief economist at the Bank of England, Andy Haldane, to state that the disruption caused by the ongoing fourth industrial revolution would be “on a much greater scale” than that experienced during the Victorian industrial revolution. Technology is evolving and infiltrating different industries each
As practical applications of artificial intelligence (AI) are new to the finance space, especially with regards to audit, it’s no surprise that the same questions come up across our expert-led webinars. To help you understand how AI is applied to audit, we’ve collected the most common questions and answers here, as provided by our V.P.
An interview with Lisa Zimeskal, CPA, Partner, Hoffman & Brobst, PLLP According to a survey from the International Federation of Accountants (IFAC), smaller accounting firms are facing significant challenges. Attracting new clients, keeping up with new regulations and standards, and cost pressures versus competitors, were among the top concerns of these firms. To combat these challenges, Hoffman &
Recently I was invited to participate as a speaker in the Official Monetary and Financial Institutions Forum (OMFIF) podcast focusing on Artificial Intelligence (AI) and machine learning. OMFIF is an independent think tank for central banking, economic policy, and public investment – a non-lobbying network for best practice in worldwide public-private sector exchanges. This podcast aimed to
