Barry McCall

Dublin

Associate Editor at DECISION magazine

Freelance Journalist at Irish Times

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Articles

Vigilance and innovation key weapons in the fight against financial crime

6 days ago | irishtimes.com | Barry McCall

Depending on which estimate you choose, the cost of financial crime globally is anywhere between €1.2 trillion and €3 trillion every year and rising. And that’s before the incalculable cost of the associated human misery is factored in. “Up until recently I think when people heard about financial crime, they often thought of offshore scandals in sunny tax havens or international crime syndicates far from everyday life,” says Deloitte Ireland financial crime leader Colm O’Flaherty.
Unleashing the power of artificial intelligence in the face of new risks

2 weeks ago | irishtimes.com | Barry McCall

The rapid adoption of artificial intelligence (AI) is understandable given the enormous power of the technology. However, with that power comes a new panoply of risks. The technology depends on accurate data to function; GenAI needs to be trained properly to prevent hallucinations and organisations need to ensure their data is accurate and dependable. They also need to prevent sensitive data being shared with large language models which may in turn share that data with unauthorised third parties.
Getting data transfer right in M&A transactions

2 weeks ago | irishtimes.com | Barry McCall

Among the most important assets that get transferred in an acquisition is the data the buyer will need to run the business. Product and service specifications are just the beginning. Customer information, including pricing information, key contacts and credit history will be of critical importance.
EU delays sustainability reporting rules. Here’s how it will impact Irish businesses

3 weeks ago | irishtimes.com | Barry McCall

On February 26 last, the European Commission published its much-heralded Omnibus package, with far-reaching proposals to modify key EU laws on sustainability reporting. Under the proposed changes, implementation of the Corporate Sustainability Reporting Directive (CSRD) will be delayed by two years and only companies with more than 1,000 employees and either at least €50 million in turnover or a balance sheet of more than €25 million will have to report.
Overcoming the obstacles to AI adoption

1 month ago | irishexaminer.com | Barry McCall

When ChatGPT was launched in November 2022, it appeared to be only a matter of months before AI was in widespread use across the business world. That has turned out to be far from the case with the initial hype fading in the harsh light of business realities.
The EU AI Act aims to safeguard the rights of individuals whilst not stifling innovation

1 month ago | irishexaminer.com | Barry McCall

Just over a year ago, on Wednesday, March 13, 2024, the European Parliament gave final approval for the EU AI Act, with the rules coming into force the following August. The act aims to regulate AI technologies within the EU’s borders and attempts to balance innovation with user safety, fundamental rights and ethical considerations. The legislation introduced a new tiered classification of AI systems according to their perceived level of risk.
Report reveals vast economic potential of AI

1 month ago | irishexaminer.com | Barry McCall

A report produced by the Trinity Centre for Digital Business and Analytics (CDBA) in collaboration with Microsoft Ireland, has revealed that AI has the potential to contribute at least €250 billion to Ireland’s GDP by 2035. That figure could increase by a further €60 billion depending on how businesses, government, and industry leaders harness AI’s capabilities and implement policies that foster responsible innovation, the AI Economy in Ireland 2025 report found.
Overcoming the obstacles to AI adoption

1 month ago | irishexaminer.com | Barry McCall

When ChatGPT was launched in November 2022, it appeared to be only a matter of months before AI was in widespread use across the business world. That has turned out to be far from the case with the initial hype fading in the harsh light of business realities.
Harnessing AI is critically dependent on skills development

1 month ago | irishexaminer.com | Barry McCall

Despite its conservative image, the professional services sector has long been among the earliest adopters of new technology. Indeed, professional services firms have been using AI for many years and are in the vanguard of GenAI adoption, but this is presenting new skills challenges. ‚ÄúAs a global accountancy organisation, we are increasingly aware of the use of AI and Generative AI in practice,‚ÄĚ says Stephen Noonan, head of ACCA Ireland.
‘The tailwinds that brought the FDI here have gone, and we need to support indigenous business’

1 month ago | irishtimes.com | Barry McCall

Dublin Chamber president Eoghan Quigley is a driven man. He is driven by a passionate belief in the need to support Irish business founders and indigenous enterprise. “There are lots of good things about Ireland, but the way founders and entrepreneurs are treated is lacking,” he says. “The support and tax treatment are quite poor. We are top of the class for FDI but not in the way we support indigenous businesses.