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As a founder building in the audit tech space the wall of inertia is starting to crumble quickly and the will of the industry to embrace it is already happenin
by siphon111 4y ago
As a founder building in the audit tech space the wall of inertia is starting to crumble quickly and the will of the industry to embrace it is already happening. Baby steps are over and customers are starting to take bigger steps than expected. Hype is large right now and the trough of disillusionment awaits but as we exit that trough practical supervised machine learning will be there first for its explainability but that will cede over time as the right types of data are better curated and the friction to get it drops. This post isn’t wrong that the role of an auditor will adapt and their expert knowledge better utilized for it. One thing I will say is never underestimate the intelligence of your auditors. Very smart bunch that learns how to maneuver a plethora of internal and external regulations that constrain their full abilities
- AmericanChopper 4y agoAll compliance work is fundamentally based on juris prudence, and I’m skeptical that any automated process could replace a human’s judgement when it comes to the interpretation of novel ideas required to do that job. I’m sure it could help make the work more efficient, but any fully automated process will either not accomplish the goals of the compliance regime, or will make compliance far more onerous than it needs to be, or a mixture of both.