A survey from Accenture finds that most risk managers at financial services companies say they aren’t capable of analysing risks associated with artificial intelligence. Executives say the rapidly developing technology has created a new challenge that requires them to understand how algorithms work and identify potential downsides to its application. Respondents to the consulting firm’s poll of nearly 700 risk managers in nine countries said they were also discomfited by having to assess possible downsides associated with other emerging areas of technology such as blockchain and quantum computing. The Wall Street Journal notes how Citizens Financial Group is seeking to boost its AI-related controls by recruiting staff within its risk management division who have advanced degrees in statistics and computer science.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.