MCS Best Presentation - Artificial intelligence
- 2. 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
- 3. Interesting Facts about Artificial Intelligence 3
- 4. 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
- 5. Where is Artificial Intelligence currently being used 5
- 6. 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
- 7. Positives & Negatives of AI 7
- 8. 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
- 9. How can we Chartered Accountants use Artificial Intelligence 9
- 10. 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
- 11. Conclusion Artificial Intelligence is the future Ajit Reddy 11
- 12. Sources ▪ https://www.quillpodcasting.com/ ▪ https://builtin.com/ ▪ https://www.mygreatlearning.com/ 12