The Influence of AI on Occupations and the Implications of Digital Transformation on Society

• Roshan Amiri
• . March 30, 2024
• . Update: March 30, 2024 7:39 pm
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The Kuwait Chapter of The Institute of Chartered Accountants of India (KCICAI) proudly organized a thought-provoking Continuing Professional Education (CPE) and Iftar event focused on two crucial topics: “The Impact of AI on our Profession” and “Digital Transformation and Its Effect on Humanity.” Esteemed speakers, Mr. Heshana Kruppu, President of the South Asia Federation of Accountants (SAFA) and President of The Institute of Chartered Accountants of Sri Lanka, and Mr. Dheeraj Bhardwaj, CEO of City Group, delivered insightful presentations and facilitated engaging discussions.

CA Rabin Gonsalves, the esteemed Chairperson of KCICAI, warmly welcomed the audience, providing updates on recent chapter activities and upcoming initiatives. Recognizing the pivotal role of professionals in embracing technology and driving innovation, Gonsalves set the stage for an enlightening evening. CA Sweta Chipra and CA Venkata Ramana, executive committee members of KCICAI, co-hosted the event, ensuring a seamless flow and an engaging atmosphere.

The event commenced with Mr. Heshana Kruppu’s captivating discourse on “The Impact of AI on Our Profession.” Attendees were enthralled by his profound insights into the evolving landscape of the accounting profession in the AI era. Kruppu emphasized the significance of embracing AI as a transformative tool, asserting that “People do not lose jobs to AI, but they lose jobs to people who know AI.” His presentation shed light on how AI is revolutionizing traditional practices and driving efficiency, urging professionals to become value enablers in decision-making processes.

Following Kruppu’s engaging presentation, Mr. Dheeraj Bhardwaj took the stage to address “Digital Transformation and Its Effect on Humanity.” Leveraging his extensive experience in spearheading technological advancements at City Group, Bhardwaj provided invaluable insights into the broader societal implications of digital transformation. He explored ethical considerations, challenges, and opportunities stemming from the rapid pace of technological change, emphasizing the need for a human-centric approach to digital innovation.

The event provided attendees with a unique opportunity to deepen their understanding of the intersection between AI, digital transformation, and professional domains. Through thought-provoking discussions and expert perspectives, participants were encouraged to reflect on the evolving landscape and strategize for the future.

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“We are delighted to have hosted such an enlightening event that brought together professionals from diverse backgrounds to explore the transformative power of AI and digital technologies,” remarked CA Surin Gandhi while delivering the vote of thanks.

As industries evolve and technology reshapes professions worldwide, it is essential for professionals to stay informed about these changes. KCICAI recognizes this need and remains committed to fostering knowledge-sharing and collaboration within the community. The chapter looks forward to organizing more impactful events in the future