Dr. Paritosh Basu, shared insights from his extensive career in finance during a recent talk with The Financial Executives Networking Group‘s India Chapter. As a chartered accountant, cost accountant, and Ph.D., Dr. Basu discussed the implications of artificial intelligence (AI) for the finance industry.
Presentation Outline:
Dr. Basu’s in-depth exploration of AI spanned areas such as the fundamentals and advancements in the technology, the integration of AI in the CFO’s function, effective strategies to implement AI projects, and an overview of the ethical and cultural nuances of AI. He also unveiled the potential of generative AI for CFOs.
Key Points:
- The Nexus of AI, Nature, and Humans: Dr. Basu presented a unique triadic perspective, emphasizing the intersection of nature, humans, and AI, and the growing capabilities of AI systems to execute tasks hitherto exclusive to human intelligence.
- Strategic Implications of Generative AI: Dr. Basu’s session ventured into the emergent field of generative AI, which employs data-driven algorithms to generate summaries, illuminating the strategic opportunities it presents for creating new business models and revenue streams.
- The Confluence of Digital Transformation and Strategic Decision-Making: With references to ancient Chinese military strategies, Dr. Basu stressed the necessity of a harmonious alignment between strategic decisions and tactical implementation in the era of digital transformation.
Conclusion:
In essence, Dr. Basu’s presentation served as an enlightening discourse on the transformative effects of AI in finance. His insights offered finance leaders a comprehensive understanding of the influential role AI can play in driving innovation, enhancing decision-making, and creating unforeseen opportunities.
The key takeaway from the presentation was the significance of AI as a strategic lever for growth and transformation in finance. Dr. Basu’s profound expertise and thought leadership materially contributed to the understanding of AI’s potential in the finance industry.
We extend our deepest appreciation to Dr. Paritosh Basu for sharing his wisdom and vision. His knowledge sharing significantly paves the way for a future where AI stands at the forefront of financial evolution.
About Dr. Paritosh Basu
Dr. Basu holds a master’s degree in commerce. He is a Fellow member of the Institute of Cost Accountants of India and the Institute of Chartered Accountants of India. The University of Calcutta conferred him with the Ph. D. degree in 1999 for his research on Transfer Pricing.
Dr. Basu’s significant contributions to professional management were recognized when he was awarded the Fellow of the All India Management Association (FIMA) in June 2021. His outstanding career was further acknowledged with the prestigious Lifetime Achievement Award from Trescon Global in 2016. Dr. Basu’s significant contributions to professional management were recognized when he was awarded the Fellow of the All India Management Association (FIMA) in June 2021.
Dr. Basu served NMIMS University School of Management, as a Sr. Professor (Finance) and Chairperson of MBA (Law). During his 34 years of corporate stints, he was majorly engaged in accounting and reporting, corporate finance, strategic planning and execution, risk management, systems development, and IT enablement. His last two corporate positions were the Global Group Controller and CFO of two large Indian MNCs.
Authorship: The second enlarged edition of his book, ‘Digital Transformation – A Prismatic View,’ was published by the ICMAI in June 2024.
Recognition & Awards:
Dr. Basu’s influence extends beyond his academic and corporate roles. As the principal inventor of a software registered in the WIPO, USA1, and the author of four Case Studies available from Harvard, Ivey Publishing and ECH, he has made a significant impact.
https://patents.google.com/patent/US20130179313A1/en
Speakership:
Dr Basu has chaired four World Blockchain and AI Summits held in Moscow, Dubai, and India. He has delivered keynote speeches and led panel discussion sessions at more than two hundred national and international summits, conferences, seminars, and webinars. He is an avid management educator, trainer, and mentor. He has also conducted many MDPs and FDPs for large corporations and academic institutions, and this is still ongoing. His over 200 keynote speeches in India and abroad, and his YouTube channel with 68 videos, further attest to his influence as a sought-after speaker.
Additional Information:
– LinkedIn profile URL link: https://www.linkedin.com/in/dr-paritosh-basu-87a67a15/
– Media: Personal YouTube channel: www.youtube.com/@dr.paritoshbasu3492
– Email paritkosh13286@outloo.com
– Mobile: +919987883261
