Business
Insig AI & Falcon Windsor publish research re FTSE
Insig AI & Falcon Windsor publish research re FTSE.
About this update from Insig Ai Plc
[{"type":"text","content":"\n\nREACH\nInsig AI plc\n(\"Insig AI\" or the \"Company\")\nInsig AI and Falcon Windsor publish in-depth research across FTSE 350\nHow to get the best out of 'Your Precocious Intern' - a guiding principle for the responsible use of AI in corporate reporting\nInsig AI plc (AIM:INSG), the data science and machine learning solutions company delivering advanced data infrastructure and AI-powered ESG research tools and specialist reporting and advisory firm Falcon Windsor, ('the authors') today publish 'Your Precocious Intern', an in-depth research paper and practical model for the responsible use of AI in corporate reporting.\nThis report, based on engagement with 40 FTSE companies and analysis of all FTSE 350 reports published from 2020 to 2024 reveals that generative AI use is increasing across UK companies, often without training, policy or oversight. While investors see AI's adoption as inevitable and look forward to the benefits and efficiencies it could bring, they are increasingly concerned about its implications for the truthfulness and authorship of corporate reporting. Practitioners and investors agree that reporting must remain the direct expression of management's opinion and that without guidance, AI use in reporting risks undermining the accuracy, authenticity and accountability that underpin trust in markets.\nThe growing momentum in the adoption of AI leaves only a short window of opportunity to upskill and prepare to mitigate the risks it represents to the financial system. The report sets out clear recommendations for how companies can bring AI into the reporting process by design, not by accident. At its core is the guiding principle: treat generative AI like a precocious intern: useful, quick, capable, but inexperienced, prone to overconfidence and should never be left unsupervised.\nDiana Rose, Head of ESG Solutions at Insig AI, said: \"The responsible use of AI is intrinsic to Insig AI's purpose and we hope that our collaboration with Falcon Windsor provokes thinking and provides guidance to all those involved in corporate reporting as they consider how to leverage AI tools for future ways of working, without compromising the flow of trusted information.\"\nRichard Bernstein, Chief Executive at Insig AI, said: \"A generation ago, it was the internet that transformed so many aspects of business. Today, gen...