Transforming accountancy, insurance and legal services with AI and data (large consortia strand)
UK Research and Innovation will invest up to £12 million in innovation projects to support the application of artificial intelligence (AI) and data technologies. Projects should aim to transform the 3 target sectors:
- Legal services
These are sectors where there is an imminent threat from overseas competition.
Examples of sector-wide challenges include:
- Fraud identification, prevention and mitigation
- Continuous audit or achieving statutory audit requirements in more comprehensive ways
- Risk assessment, management and pricing including identification of new signals from novel data sources
- Automatic review of large quantities of text documents to deliver new insights or new information
This competition is part of the Next Generation Services Challenge. This is a joined up national innovation programme. It supports projects from applied research through feasibility studies to experimental development.
There are 2 strands to this competition. This strand is for large consortia projects, which businesses, RTOs or academic institutes can lead. The other strand running in parallel to this is for smaller projects.
KTN are running a number of briefing events focused on Next Generation services.
Dates available are:
There will also be a webcast on the 5th June for those unable to attend in person.