Over 700 chartered accountants registered for the full-day summit, which attracted top AI and technology professionals from finance, retail, logistics, banking, and AI consultancy sectors.
The ICAI Dubai Chapter made significant strides in the business and professional community by organizing a landmark event titled 'Navigating the New Era of AI Innovation' in Dubai. More than 700 chartered accountants (CAs) attended the summit, which featured leading AI and technology experts from sectors such as finance, retail, logistics, banking, and AI consultancy. Notable participants included representatives from Microsoft, Flipcart, SAP, and others, who explored the transformative effects of AI on global industries and investment decision-making.
Rajesh Somani, chairman of the ICAI Dubai Chapter, emphasized the importance of the AI and technology-driven fourth Industrial Revolution. He noted that AI is rapidly evolving from traditional to generative and now cognitive AI, which can mimic human behavior. Somani asserted that AI cannot be ignored in today’s competitive business environment.
Suresh Prabhu, former Indian minister and chancellor of Rishihood University, highlighted AI's role in financial transformation, stating that AI-powered tools enhance efficiency and precision. In the current digital landscape, such innovations are essential for growth and sustainability in the global market.
Ranjeet Kumar Agarwal, president of ICAI, launched CA GPT — UAE Corporate Tax, a significant step towards digitizing tax compliance and planning. This initiative reflects ICAI’s dedication to utilizing advanced technology for the benefit of its members and their businesses.
The unveiling of CA GPT — UAE Corporate Tax by the AI team at ICAI and the ICAI Dubai Chapter, led by Aashna Moolgavokar, marks a major advancement for finance professionals in the UAE, offering an AI-driven solution to simplify corporate tax regulations. Key features include automated tax queries, scenario-based analysis, and a comprehensive resources hub.
Key speakers at the summit included Rauf, CFO of Bayanat Al PLC; Biju Nair, chief audit executive at United Arab Bank; Anand Prakash Jangid, chief agent at Ajalabs.ai; Rajiv Gupta, vice-president at Finkart Internet, a Walmart group company; Alexandre de Suyrot, regional CFO at Microsoft; and Vimal Rama Chandran, director for technology consulting services at NLD Narmy.
The summit concluded with an engaging panel discussion moderated by Jaikumar Raman, solution director at SAP Mena LLC.
Source link: https://www.khaleejtimes.com
