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The report, “Artificial Intelligence – How does it measure up?”, explains what artificial intelligence is, where its use might make sense in corporate reporting, and explores some of the possible and current use cases for the technology.
The report considers a range of uses of the technology, from AI tools in the finance function, to investors’ use of AI to find investment relevant information. It also highlights some of the key decisions and considerations that boards and others need to think about when using AI.
Phil Fitz-Gerald, Director of the Financial Reporting Lab, said,
“It is clear that Artificial Intelligence is becoming important in both the production and use of corporate reporting, and this is likely to increase in the future. However, it is the combination of AI. with other technologies, where the real benefits can be optimised for corporate reporting.”