Future of CA CS Profession and AI Working Together
Consider the questions
- Can machines think?
- Can machine become Human?
What Is Artificial Intelligence? [AI]
Artificial intelligence [AI] is a broad branch of computer science that deals with the creation of smart machines capable of performing tasks that would typically require human intelligence.
Types of artificial intelligence
- Reactive Machines
- Limited Memory
- Theory of Mind Self Aware
Some Examples Of Artificial Intelligence?
We can understand how the AI work with help of few examples AI apps
- Smart assistants, Sri, Alexa
- Self-driving cars
- Robo-advisor
- Email spam filter
- Google Map
- Netflix Recommendations
- Face Book Customer Recognition.
Reactive Machines:
Reactive machines perform basic operations. This level AI is the simplest. These types react to some input with some output. Face recognition machine recognise human face as input and outputs a box around the face to recognize it correct face. The model does not store any input, it does not do any learning.
Limited Memory
Limited memory type refers to the ability of an AI to store past data and use the stored data for predictions. Data banks enable it to make better predictions. Machine learning architecture tends to be more complex than that of reactive machines.
- Reinforcement learning Game: eg Like Chess, Loodo, Chinese Checker
- Long Short Term Memory : To predict the next elements in the sequence, LSTM tags more recent information as more important. Word prediction during typing a sentence is the best example of LSTM.
- Evolutionary Generative Adversarial Networks (e-GAN): E Gen evolves over time. This model utilizes simulations and statistics to predict outcomes.
Theory of Mind:
Theory of Mind are in their early stages. We are yet to reach the “Theory of Mind” in the types of artificial intelligence. This can be seen in things like self-driving cars. The car starts talking to you like a human.
Use of AI in Accounting and Legal Profession:
Artificial Intelligence in the accounting and legal profession aims to enhance proficiency in basic routines and practices in a way that ultimately leads to better business decisions.
- Accounting Software
- Tax Software
- Credit Monitoring Analysis (CMA)
Suggested read
- All about mobile app
- Use of Technology for Enhancing Efficiency and Effectiveness
- Electronic governance (e-governance)
AI Potential in Accounting:
- AI technology will improve data entry accuracy.
- Real-time data helps accountants to give real-time solutions like what to produce.
- Quickly analyse large amounts of data, evaluate past performance to predict future results.
- AI will do administrative tasks, repetitive tasks like minutes of small board meeting, routine entries.
- AI can assist company secretaries in providing data to directors in meetings. AI will help the Company Secretary to prepare the minutes of the Board meetings.
- Automate the distribution of minutes through email.
What is the goal of artificial intelligence?
AI aims to create machines that can sense their surroundings, understand context, and act to accomplish certain goals, often autonomously or with minimal assistance from humans.
Now the real question is, what is human? What is human work? What is the purpose of Manav?
