Artificial intelligence (AI) technology presents numerous opportunities for businesses and individuals when used correctly, responsibly, and ethically. This was highlighted during a forum held in Hanoi on May 28-29.
Mr. Pulkit Abrol, director of the Association of British Chartered Certified Accountants (ACCA) in the Asia-Pacific region, emphasized that AI has the potential to turn data into valuable assets and generate income. He pointed out that the ASEAN and Asia-Pacific regions possess vast amounts of data that can be leveraged for various purposes. Major technology companies like Google, Amazon, and Microsoft have emphasized the significance of data and the opportunities it offers. It is estimated that there is about $500 billion worth of value in data that can be tapped into. However, analyzing and utilizing this data presents a significant challenge, requiring accountants to upgrade their skills to keep pace with advancing technology.
Ms. Helen Brand, CEO of ACCA, sees AI as both a challenge and an opportunity for accountants to create more value. She emphasized the crucial role accountants play in exploiting and analyzing data, stressing the importance of ongoing training to adapt to new technologies. From a business perspective, Ms. Claudia Anselmi, General Director of Hung Yen Garment and Dyeing Company, highlighted the importance of adapting to new technologies like AI to stay competitive and relevant in the market. She underscored the need for businesses to collaborate across various sectors to leverage technology effectively and navigate the changing landscape of business operations.
During the ACCA Asia-Pacific forum, experts discussed sustainable finance, digital transformation, and regulatory developments, reflecting the current trends and challenges faced in the region. The forum served as a platform for industry professionals to explore opportunities and strategies for leveraging AI and other digital technologies in various sectors.
Overall, AI presents numerous opportunities when used correctly
