Our Group CEO, Mr M Nazri has just ended the webinar a while ago, sharing his insights with the panelists & audience.
His session explains what artificial intelligence (AI) is, where its use might make sense in corporate value creation reporting, and explores some of the possible and current use cases for the technology.
For each use cases, he covered what is currently being achieved and what might be achieved in the future.
The key focus of his presentation centres around:
▪ Production – AI can enhance efficiency by replacing mechanistic human processing of underlying transactions and transforming that data into strategic information; using internal and external information
▪ Distribution – AI can support auditors and boards in the internal and external validation processes needed to ensure that the integrated reporting is credible and compliant in an efficient and effective way.
▪ Consumption – Investors are already using AI to enhance effectiveness of investment analysis by extracting meaning and value, not only from financial data, but also from various sources of value creation from their human capital, intellectual, manufactured, natural and social/relationship capital.
▪ Overall, the crux of Mr M Nazri’s presentation is not a question of whether AI will become important for value-based reporting, but when.
#MyFinB #MACD #MDEC #IntegratedReporting #AI #valuecreation