Data analyses for robotized validation of rules and regulations on specific industry audits
A Dutch subsidiary of an international accountancy & advisory firm wishes to develop an Audit Intelligence Robot based on data analytics techniques for its financial and risk auditing activities. They are looking for expertise in algorithms and Artificial Intelligence to help generate a pre-audit statement or report for auditors. Collaboration to be based on a research cooperation agreement or a technical cooperation agreement. This technology request is part of an open innovation challenge.
Technical Specification or Expertise Sought
The company is looking for companies that can help to develop a pre-audit report generator for their accountants by developing this Audit Inteligence Robot. To do this, companies should have capabilities that range from developing algorithms to Artificial Intelligence. Which disciplines are needed: • Knowledge management • Data science, Data engineering, Big data expertise • Data Visualisation
The company is looking for potentially product development collaboration and licensed distribution, for example based on a potential Software as a Service offering setup.
One of the business activities of this Dutch company is performing financial and risk audits for clients. In the Audit practice there are two driving forces that lead to the desire to further automate the intelligence needed for a high quality audit. On the one hand society and regulatory authorities are forcing the industry to constantly increase the quality of their audits. On the other hand the availability of data and new technologies allow to anticipate on future business models in which data is a critical component. The company wants to develop its own Audit Intelligence Robot (AIR) that prepares a pre-audit statement or –report by combining data from clients, external sources and laws and regulations. Intelligence needs to be added to transform data in meaningful insights, compliant with regulations and companies policies. The company has already implemented an innovative data factory concept. Today it gives access to large amounts of client- and industry data: literally millions of files for thousands of clients. Now they need assistance to add intelligence like deep learning, predictive capabilities and others to this factory to bring the Robot alive. Motives for this development: • The company’s business model is changing rapidly through digitization and other external influences. • Monetize on the company’s data factory, data is the new gold. • The current war for talent drives the company to alternative methods for labour. Human Workforce to Robot Workforce. • The company's drive for quality, pushed by external regulators. The company is looking for companies that can help to produce a pre-audit report for their auditors by developing this Audit Intelligence Robot. Collaboration should be based on a research cooperation agreement or a technical cooperation agreement. This technology request is an innovation challenge that is published on an open innovation platform. If interest in cooperation with this firm is expressed, the potential partner will be guided towards this open innovation platform on which he can get in touch with the company via a chat function. Mind that posts on this platform are not confidential. Besides open discussion on the platform, sharing of confidential information will be made possible on demand. After closing of the open innovation platform on November 23rd, the corporate company will make a selection of the organizations that have been active in the chat for further contact. Expressions of interest that are made after November 23rd will be handled as usual in the Network.
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