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INTELLIGENT VERTICAL: FINANCE
FINANCE BODY: AI CAN BE A
GAME CHANGER AS DATA USE
BECOMES MORE EFFICIENT
Accountancy and finance body ICAEW believes that
fundamentals of merger and acquisition (M&A) deals
in the GCC region have not yet been significantly
affected by artificial intelligence (AI) and still rely on
human cognition. But its view is that technology has
improved the speed of transactions and is expected
to play a bigger role in the future, especially as data
becomes more abundant.
I AI, for example, has the equivalent of
decades of knowledge and experience: if fed
the right data it can analyse great quantities
of data over a vast period of time.
Panellists discussed how advances in
technology have positively impacted the
speed of deal execution. At the same time,
panellists agreed the fundamentals of M&A
activity haven’t changed and it still remains
a human activity irrespective of digital tools. Current technology allows multiple
corporate parties in different jurisdictions to
communicate, access data and exchange
information instantaneously. In the context
of M&A, technological advancements such
as online data rooms, corporate search
services and information databases have
CAEW members and guests gathered
in Dubai to discuss the impact of
innovative technologies on deals in
the GCC at the Capital Club in the Dubai
International Financial Centre (DIFC).
www.intelligentcio.com
“
PANELLISTS
AGREED THE
FUNDAMENTALS
OF M&A ACTIVITY
HAVEN’T
CHANGED AND IT
STILL REMAINS A
HUMAN ACTIVITY
IRRESPECTIVE OF
DIGITAL TOOLS.
INTELLIGENTCIO
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