MCS Best Presentation - Artificial intelligence

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Ajit Reddy

Won Best Presenter Award with this Presentation in MCS - ICAI

Technologie

What is Artificial Intelligence
▪ In simple terms, Intelligence demonstrated by Machines
▪ Simulation of natural intelligence in machines that are
programmed to learn and mimic the actions of humans
2

Interesting Facts about Artificial
Intelligence
3

USD 58. 3 Billion
Market size of AI in 2021
133 Mn
New jobs expected to be created by AI by 2022
USD 309.6 Billion
Expected Market size of AI by 2027
4

Where is Artificial Intelligence currently
being used
5

Top used Applications in AI
▪ Google’s AI-powered predictions (E.g. Google Maps)
▪ Ride-sharing applications (E.g. Uber, Ola)
▪ AI Autopilot in Flights
▪ Spam filters on E-mails
▪ Facial Recognition
▪ Search recommendations
▪ Smart personal assistants (E.g. Siri, Alexa)
6

Positives
▪ Reduction in Human Error
▪ Takes risks instead of
Humans
▪ Available 24x7
▪ New Inventions
▪ Digital Assistant
8
Negatives
▪ Unemployment
▪ Can’t think out of box
▪ No feelings & emotions
▪ Making Humans lazy
▪ High costs of Creation

How can we Chartered Accountants
use Artificial Intelligence
9

10
▪ Contract Review –
▫ AI can read the contracts on behalf of Human
▪ Identification of material misstatements in
the general ledger –
▫ Can analyse entire data set instead of sample
data
▪ Automating expense audits -
▫ Identify out of policy expenses, suspicious
vendors, excessive spending

Conclusion
Artificial Intelligence is the future
Ajit Reddy
11

Sources
▪ https://www.quillpodcasting.com/
▪ https://builtin.com/
▪ https://www.mygreatlearning.com/
12

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