COGNITIVE SYSTEMS AND AI

COGNITIVE SYSTEMS AND AI

1. Cognitive system (Pg135)

   • Artificial Intelligence (AI) [Pg135]
     • Typology of AI
       • Automated Intelligence
         • Automate manual or cognitive aspects of routine or nonroutine task
       • Assisted Intelligence
         • to help people perform tasks faster and better (AI machine does not learn)
       • Augmented Intelligence
         • Helps people to make better decision (Machine will learn)
       • Autonomous Intelligence

2. AI & Accounting

   • AI & Auditing
   • Compliance and Reporting
   • Analytics and Advice
   • Financial services
   • Employment

3. AI Implementation Questions

   • What is the aim?
   • How will the improvements be measured?
   • Does the organisation understand the terminologies being used?
   • What is the human interface with the technology?
   • Are there other reasons to change, beyond satisfying the key business drivers?
   • Are the steps on the road to change well thought out?
   • To what degree will the organisation need to keep skilled staff?
   • First-mover or second-mover advantage?
   • What is the risk appetite of the organisation?
   • What is the competitive environment looking like, and can an organisation wait?
   • What will happen in five years?

4. Obstacles to implementing AI

   • Trust