While cognitive technology is currently the largest area of interest for many businesses, several other emerging technologies are making their impact felt, or are poised to increase in importance in the coming years.
The approach we have used to describe the issues and responses to cognitive technology can be applied to other emerging technologies – even those not yet invented.
The approach can be summarised as:
- Research the technology and its key features.
- Consider the risks posed by the technology, both directly and in how it affects the wider business process environment.
- Review how design and controls can mitigate the risks surrounding the technology.
- Determine how assurance might fill in the shortcomings of design and controls to reduce risk to an acceptable level.
Some issues are common to any technology in a risk context, for example, the need for appropriate technical knowledge on the assurance team, or the possibility for automation of any kind to reduce traditional business control.
Useful resources
Discover more about the impact of artificial intelligence and other cognitive technologies:
Risk and assurance in emerging technologies webinar
Listen to a webinar on this research, with ICAEW's Tech Faculty discussing AI and automation as examples, the key lessons and how to consider the risks and responses for other emerging technologies.
