7-04 Why do we need ICGI? Chitragupta the foremost known Accountant

7-04 Why do we need ICGI? Chitragupta the foremost known Accountant
Here are 5 key points summarized from the transcript:
1. The introduction of computers in banking initially faced resistance from employees due to fear of job loss, but ultimately improved efficiency and expanded services.
2. Technological advancements like computerization have made banking transactions and account information instantly accessible to customers.
3. There are current fears about AI displacing educated professionals, similar to past fears about computers in banking.
4. AI is likely to take over basic data processing and accounting tasks, allowing employees to focus more on accountability and higher-level analysis.
5. I draw a parallel to Chitragupta, the foremost known accountant who records people's actions, suggesting a shift towards greater accountability in modern accounting practices.