There’s been a great deal in the news recently about artificial intelligence (AI), looking at both the potential benefits, such as opportunities to automate repetitive processes, and the possible downsides, which include concerns around job losses. Read the C-suite predictions on what lies ahead.
Entrepreneur Noel Lourdes FCCA, who is our main interviewee this month, has already seen the future. He is pioneering the use of AI by developing the concept of ‘cognitive archiving’ to capture decades of real-life expertise in buying engineering parts, and then using that knowledge to make future procurement more streamlined and cost effective.
It’s a perfect example of how smaller-scale operations can be just as ambitious in their use of technology as some of the giants of the sector. But columnist Ian Guider cautions that to keep ahead – and to counter over-dependence on investment from the likes of Google and Apple – Ireland needs to do more to nurture its own fledgling start-up tech companies.
Another area of concern for business is untangling the complexity of Ireland’s interest deductibility regime, which is widely recognised as one of the most complex within the EU. We take a look at how developing clear and simple corporation tax rules that are easy to operate and comply with could significantly enhance Ireland’s reputation as a pro-business location.
Meanwhile, all large Irish companies are now required to report under European Sustainability Reporting Standards (ESRS). That’s opened the way for firms to take on responsibilities as a sustainability assurance service provider (SASP), with Baker Tilly Ireland becoming the first to do so here. This article tracks the journey to accreditation, and there is an update on the latest sustainability reporting developments.
And, with change in the air, it’s as well to be prepared for whatever the future holds, so be sure to check out AB’s CPD archive.
Further information
See the other regional editions of AB:
