Page 21 - ICAI Newsletter - 2nd Quarter 2024

Event
Event Recap

Issue from 01 July 2024 to 30 September 2024 (for private circulation only)
Issue from 01 April 2024 to 30 June 2024 (for private circulation only)

ICAI Dubai Chapter Hosts
Landmark AI Innovation Summit

28 Spetember 2024
th
Dubai, 28th September 2024 – The Another session, led by CA Anand examined both the opportunities and
ICAI Dubai Chapter made waves in Prakash Jangid, Chief Change challenges posed by AI, providing
the business community by hosting a Agent at ajalabs.ai, delved into the attendees with valuable insights on the
landmark event, Navigating the New Era transformative potential of AI in audit, future trajectory of this rapidly evolving
of AI Innovation, at the Hyatt Regency accounting, and risk management. technology.
Dubai Creek Heights Hotel. The full-day Through innovative case studies,
event brought together leading experts Jangid illustrated how AI is reshaping The day’s discussions resonated
from the fields of finance, technology, these fields, bringing new efficiencies deeply with the audience, leaving
and artificial intelligence (AI) to discuss and capabilities to professional participants with a comprehensive
the profound impact of AI on industries services. This was followed by an understanding of how AI is redefining
worldwide and explore how it is engaging presentation from CA Rajiv business landscapes across the
shaping the future of business. Gupta, Vice President at Finkart globe. Attendees appreciated the
Internet, a Walmart Group company. emphasis on the ethical considerations
The event commenced with a Gupta shared his insights into AI’s of AI, recognizing that while the
keynote address by Chief Guest CA impact on the retail industry, exploring technology holds immense promise,
Suresh Prabhu, a distinguished Indian the challenges and opportunities that its responsible use is paramount to
statesman and visionary leader, who come with integrating AI into new-age achieving sustainable growth.
has held ten Federal Cabinet Minister retail organizations.
portfolios in India and currently The ICAI Dubai Chapter’s commitment
serves as the chancellor of Rishi hood The finance sector also took center to fostering such forward-thinking
University. His thought-provoking stage, with Mr. Alexandre de Suyrot, dialogues was evident throughout
speech emphasized the transformative Regional CFO at Microsoft, highlighting the event, as it provided a platform
power of AI, highlighting its potential to how AI is enhancing core financial for professionals and organizations
drive unprecedented changes across functions, providing greater accuracy to explore the cutting edge of AI and
industries. Prabhu, however, also and efficiency in financial reporting and prepare for an AI-driven future. The
stressed the necessity of responsible analysis. Additionally, Mr. Vimal Rama success of this event not only marked
and ethical implementation of AI to Chandran, Director of Technology a milestone for the ICAI Dubai Chapter
ensure it benefits society at large. Consulting Services at NLD Namy, but also served as a reminder of the
introduced AI-driven voice recognition importance of continuous learning and
The summit featured a diverse range technology and its integration into adaptation in an era defined by rapid
of speakers, each bringing unique ERP systems, illustrating how these technological advancements. With this
perspectives on how AI is revolutionizing advancements are pushing the initiative, the Chapter has set the stage
various sectors. CA Renyl Rauf, Chief boundaries of enterprise efficiency. for ongoing discussions as businesses
Financial Officer of Bayanat AI PLC, worldwide brace for the transformative
discussed how modern enterprises The event culminated in a highly impact of artificial intelligence.
are leveraging AI to enhance growth, interactive panel discussion moderated
optimize operations, and enable data- by CA Jaikumar Raman, Solution
driven decision-making. Following this, Director at SAP MENA LLC. The panel
Mr. Biju Nair, Chief Audit Executive featured industry stalwarts such as CA
at United Arab Bank, underscored Nitin Sachdeva, President of delaPlex
the value of data as a strategic asset, Inc., and Mr. Manish Kakkar, Group
explaining how AI helps businesses Chief Internal Auditor of Landmark
turn raw data into actionable insights, Group, who shared their experiences
thereby gaining a competitive edge. and perspectives on AI’s evolving role
within their respective sectors. They

www.icaidubai.org 21

01 July 2024 to 30 September 2024