Trailblazing author pens guide on AI for finance professionals

Wednesday, 27 March 2024 00:59 - - {{hitsCtrl.values.hits}}

Prabash Galagedara

Artificial Intelligence (AI) is being implemented at a fast pace in almost every area of our lives. Author and IT expert Prabash Galagedara has just launched his second book, a helpful guide called ‘AI for Finance Professionals’.

After over 20 years of experience in data, analytics, finance and technology, Prabash discusses the role AI plays in different areas of finance, a world-leading initiative on AI and Finance. The book masterfully takes a deep dive into AI and its workings and acknowledges that the innovation of technology has long been an accepted developing facet of our modern life. However, understanding how AI affects our lives is a fundamental right of everyone and not just the responsibility of the creators to share it with their customers.

“Today, ChatGPT is the face of AI. However, the potential and capabilities of AI are much more than generative AI. As financial professionals navigate the complexities of AI transformation, understanding AI’s capabilities and ethical considerations is paramount. This book offers a comprehensive overview tailored for finance professionals, equipping them with the knowledge to lead their organisations confidently into the future. The book covers practical case studies, business frameworks and fundamentals, an ideal guide for finance professionals to implement them in the workplace,” Galagedara said.

For example, the guide covers case studies of banks, professional firms, telecommunication companies and multinationals on their implementation of AI systems to transform existing businesses. In one case study, the author explains how Amazing Banking Corporation transforms from a legacy bank to a new-aged bank leveraging AI technologies. In the case of Euro Assurance, a global assurance firm, Prabash explains how AI is transforming audit practices seamlessly.

The book is an easy-to-read, accessible guide to understanding AI, and Prabash has filled the book with illustrations and case studies of how A1 is impacting various areas of businesses in unimaginable ways.

In this easy-to-manage guide, Prabash expresses the importance of being a leader, taking the technologies into the hands of seasoned professionals in their respective fields. One where we executives can use the power of AI to our benefit rather than the other way around. AI is gaining momentum. It is in our lives everywhere. To the amazement of most, it is infiltrating every facet of livelihood. This is why we need to know and understand A1, where it is and where it’s going.

Prabash’s first book, Embrace – In Pursuit of Happiness through Artificial Intelligence, became an Amazon best-seller under the Robotic category.

AI for Finance Professionals is now available for purchase from Amazon and other online bookstores.