Omnia’s Trustworthy AI Module, Deloitte’s unique artificial intelligence evaluation technology, has been recognized as ‘Digital Innovation of the Year’ at the Digital Accountancy Forum and Awards 2021 in London earlier this week. This marks the second consecutive year Deloitte has garnered top honors for delivering innovative and disruptive technologies by The Accountant and International Accounting Bulletin. It also marks the fourth time Deloitte has won the award overall.
Omnia DNAV, a digital cloud-based solution that revolutionizes the audit of securities and investments, was honored with the award in 2020. Deloitte won the 2018 ‘Audit Innovation of the Year’ for its audit-transforming Cortex data platform and in 2015 for functionality using artificial intelligence that quickly identifies, extracts, and analyzes information across an entire population of documents.
The rapid rise of AI, its transition from an efficiency tool to a strategic business imperative, and the rush by companies to capitalize on the benefits of AI and its enormous potential exposes the broadening parameters of risk associated with AI. Moreover, it underscores the need for robust governance and oversight in AI development, implementation, and operation to be on par with internal controls over financial reporting.
Deloitte Omnia’s Trustworthy AI Module offers organizations a unique combination of experienced professionals with an objective perspective, along with a framework and enabling technology for establishing effective verifications and control tests for responsible innovation — and protection for customers, stakeholders, citizens, and society — while scaling AI for long-term value and differentiation.