Artificial Intelligence Perspective for Smart Cities

The CAE role in digitally transforming business environments in smart cities is to understand the audit culture, challenges, and benefits, identify ways to advance the value of Internal Audit, and use and control resources efficiently to ensure system units work properly in an integrated way.

Format: Paperback / softback
Length: 280 pages
Publication date: 23 November 2022
Publisher: Taylor & Francis Ltd

The role of the CAE (Chief Audit Executive) in digitally transforming the business environment in smart cities is a complex and multifaceted one. It involves understanding the audit culture, challenges, and benefits of the CAE role in this context, as well as identifying ways to advance the value of Internal Audit in the digital era. Additionally, it requires the use and control of city resources efficiently and effectively, ensuring that system units work properly in an integrated way.

In the digital age, smart cities are facing numerous challenges that require innovative solutions. One of these challenges is the need for digital transformation, which involves the integration of technology and digital processes into city operations to improve efficiency, effectiveness, and sustainability. The CAE role in digitally transforming business environments in smart cities is crucial in addressing these challenges.

One of the key challenges of digital transformation in smart cities is the need for effective risk management. As cities become increasingly connected and dependent on technology, they are exposed to a range of risks, including cyber security threats, data breaches, and fraud. The CAE plays a vital role in identifying and mitigating these risks by conducting audits and providing recommendations for improving security measures.

Another challenge is the need for transparency and accountability in city operations. With the increasing use of data and technology, there is a growing concern about the potential for misuse and corruption. The CAE plays a critical role in ensuring that city resources are used efficiently and effectively, and that there is transparency and accountability in decision-making processes.

In addition to these challenges, the CAE role in digitally transforming business environments in smart cities also provides several benefits. One of these benefits is the ability to improve efficiency and effectiveness in city operations. By leveraging technology and digital processes, cities can streamline their operations, reduce waste, and improve service delivery to citizens.

Another benefit is the ability to improve sustainability in city operations. By implementing green technologies and practices, cities can reduce their carbon footprint and promote environmental sustainability. The CAE plays a critical role in identifying and implementing these sustainable practices by conducting audits and providing recommendations for improving energy efficiency, waste management, and water conservation.

To advance the value of Internal Audit in the digital era, there are several steps that can be taken. One of these steps is to invest in technology and digital tools to improve the efficiency and effectiveness of Internal Audit processes. This can include the use of automation, data analytics, and artificial intelligence to identify and mitigate risks more effectively.

Another step is to focus on developing a culture of risk management and accountability within the organization. This can involve training staff and educating employees on risk management principles, and establishing clear policies and procedures for reporting and investigating potential risks.

In addition, it is important to collaborate with other stakeholders in the organization, including technology and digital professionals, to identify and address emerging risks and opportunities. This can involve developing partnerships and collaborations to share best practices and resources, and working with government agencies

In conclusion, the role of the CAE in digitally transforming business environments in smart cities is a complex and multifaceted one. It involves understanding the audit culture, challenges, and benefits of the CAE role in this context, as well as identifying ways to advance the value of Internal Audit in the digital era. By leveraging technology and digital processes, cities can improve efficiency, effectiveness, and sustainability in their operations, and ensure that city resources are used efficiently and effectively. Additionally, by investing in technology and developing a culture of risk management and accountability, Internal Audit can play a critical role in ensuring transparency and accountability in decision-making processes and promoting environmental sustainability.

Weight: 460g
Dimension: 155 x 233 x 24 (mm)
ISBN-13: 9781032136202