Data management trends: privacy, security and AI
This article discusses the importance of data management for accountancy firms, focusing on the trends of privacy, security, and artificial intelligence (AI). It highlights the challenges posed by cyberthreats and regulatory requirements, emphasizing the need to prioritize privacy and security measures. The article suggests strategies such as data encryption, cybersecurity measures, and staff training to enhance data management. It also recommends leveraging AI tools for automation, predictive analytics, and data visualization.
Gary L Boomer
Article
29 July 2024
Article discusses how accounting firms are increasingly embracing artificial intelligence (AI) and generative AI to improve efficiency and gain a competitive edge. Many firms are exploring the various applications of AI, such as internal virtual agents, client communication and automation, data analysis and anomaly detection, and tax and client services. While there is a growing acceptance of AI within the profession, some accountants still have concerns about work quality, data accuracy, fiscal costs, undetected bias, and ethical issues. It is important for firms to have proper AI guidelines and policies in place to address these concerns and ensure privacy, transparency, and fairness
Antoinette Alexander
Article
01 February 2024
Article discusses openness and transparency in data collection from customers. The authors argue that companies that are open about what they are doing with customer data and offer something fair in exchange are at an advantage over companies that are not trusted with data.
Timothy Morey, Theo Forbath, Allison Schoop
Article
01 December 2023
The data-driven supply chain raises new governance and security issues
The article highlights the importance of data management and security in today's digital supply chain, where every enterprise is considered a "data enterprise." As companies transition to digitally integrated supply chains, they must prioritize data stewardship, embed data governance and security into their operations, and adapt to changing practices and regulations.
Shawn Muma, David Kappos, Carys Webb
Article
01 September 2023
The article focuses on data classification as a pre-requisite for data protection, security, and compliance, and it explores the tools available for data classification, including offerings from major tech companies as well as open-source options. It mentions these tools use machine learning and artificial intelligence to automate data classification, ensuring accurate data management and governance.
Stephen Pritchard
Article
25 July 2023
Managing people's data ethically
Article discusses how Ai-driven decisions have led to discrimination against women and minorities in recruitment, criminal sentencing, medical diagnosis and credit approval and led to thousand of fines under GDPR. An overview of a robust ethical review is given and the 'Five Ps of ethical data handling'
Michael Segalla, Dominique Rouziès
Article
01 July 2023