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ROBOTICS AND DRONE BASED TECHNOLOGY AND AUDIT.pptx
- 1. ROBOTICS AND DRONEBASED TECHNOLOGY AND AUDIT
- 2. WHAT IS AROBOT?????? • ROBOT IS ANY AUTOMATICALLY OPERATED MACHINE THAT REPLACES HUMAN EFFORT, THOUGH IT MAY NOT RESEMBLE HUMAN BEINGS IN APPEARANCE OR PERFORM FUNCTIONS IN A HUMANLIKE MANNER. • ROBOT IS DRAWN FROM AN OLD CHURCH SLAVONIC WORD, “ROBOTA” WHICH MEANS “FORCED LABOR”
- 3. HISTORY OF ROBOTICTECHNOLOGY • THE FIRST DIGITALLY OPERATED AND PROGRAMMABLE ROBOT “ THE UNIMATE”, WAS INVENTED BY GEORGE DEVOL IN 1954 AND IT REPRESENTS THE FOUNDATION OF THE MODERN ROBOTICS INDUSTRY. • THE FATHER OF ROBOTICS IS AL-JAZARI IN 1206. A.K.A. AL-JAZARI) WAS AN ARAB MUSLIM SCHOLAR, INVENTOR, AND MECHANICAL ENGINEER DURING THE ISLAMIC GOLDEN AGE
- 4. WHAT IS ADRONE????? THE TERM “DRONE” USUALLY REFERS TO ANY UNPILOTED AIRCRAFT. SOMETIMES REFERRED TO AS “UNMANNED AERIAL VEHICLES" (UAVS), THESE CRAFTS CAN CARRY OUT AN IMPRESSIVE RANGE OF TASKS, RANGING FROM MILITARY OPERATIONS TO PACKAGE DELIVERY. DRONES CAN BE AS LARGE AS AN AIRCRAFT OR AS SMALL AS THE PALM OF YOUR HAND.
- 5. HISTORY OF DRONETECHNOLOGY • IN 1915, NIKOLA TESLA WROTE ABOUT UNMANNED AERIAL COMBAT VEHICLES. THE FIRST ATTEMPT AT A SELF-PROPELLED DRONE AS AN AERIAL TARGET WAS COMPLETED IN 1916 BY A.M. LOW. IT WASN’T UNTIL WORLD WAR I THAT THE FIRST PILOTLESS TORPEDO WAS INVENTED BY THE DAYTON-WRIGHT AIRPLANE COMPANY. • ABRAHAM KAREM (BORN 1937) IS A DESIGNER OF FIXED AND ROTARY-WING UNMANNED VEHICLES. HE IS REGARDED AS THE FOUNDING FATHER OF UAV (DRONE)
- 6. ROBOTIC ACCOUNTING • ROBOTICACCOUNTING IS A FORM OF ROBOTIC PROCESS AUTOMATION (RPA) IN THE ACCOUNTING FIELD. THE EMERGING TECHNOLOGY USES ROBOTIC SUBMISSIONS TO REDUCE THE NEED FOR HUMAN LABOR IN MANUAL ACCOUNTING PROCESSES. • ROBOTIC ACCOUNTING IS OFTEN PERCEIVED AS A HUMAN REPLACEMENT, BUT IT IS FAR FROM IT. RATHER, THINK OF THE TECHNOLOGY AS A GROUP OF “ACCOUNTING BOTS” THAT REDUCE THE EFFORT NEEDED TO CENTRALIZE DATA FROM DIFFERENT ACCOUNTING SYSTEMS. • RPA SHOULD BE SEEN AS MORE OF A ROBOTIC ARM TO ASSIST ACCOUNTING DEPARTMENTS AND OPTIMIZE OPERATIONS. IT SHOULD ELEVATE TASKS FOR EMPLOYEES AND CREATE MORE ENGAGING WORK. ROBOTIC ACCOUNTING IS ARTIFICIAL INTELLIGENCE THAT PROVIDES A HELPING HAND TO A MOTIVATED
- 7. BENEFITS OF ROBOTIC ACCOUNTING •FEWERCOST, MORE REVENUE •24/7 WITH ZERO ERROR •EASY INSTALLATION
- 8. USE OF ROBOTICSIN AUDITING THIS IS THE NEXT STEP IN RPA. SINCE IT’S A TYPE OF PROCESS IMPROVEMENT USING TECHNOLOGY, RPA IS EXPECTED TO REPLACE REPETITIVE AND MANUAL AUDIT TASKS. IT IS ALSO INTENDED TO MOTIVATE THE RE-ENGINEERING OF AUDIT SYSTEMS. DUE TO THE HIGHLY REGULATED NATURE OF THE INDUSTRY, RPA FOR AUDITING REMAINS IN ITS EARLY STAGES. IT HAS HISTORICALLY INCORPORATED MANY COMPUTER- DEPENDENT TOOLS WHICH HAVE OFTEN BEEN INTERLINKED BY MANUAL STEPS AND KEYSTROKES. RPA IS A DISRUPTIVE AND DRAMATIC CHANGE TO CURRENT AUDIT PRACTICES THAT ENABLE AUDITORS TO OPERATE AT A HIGHER LEVEL AND
- 10. CONCLUSION MODERN FINANCE FUNCTIONSON TECHNOLOGY. IT NOW FORMS THE BASIS AND CORE OF EVEN THE SIMPLEST PROCESSES. HOWEVER, THIS IS A MUCH-NEEDED OPPORTUNITY AS BIG DATA IS MAKING IT IMPOSSIBLE FOR HUMAN BEINGS TO MANAGE EVERYTHING. A BUSINESS SIMPLY TAKES ON TOO MUCH INFORMATION TO GO AT IT ALONE. LUCKILY, WITH TECHNOLOGY LIKE ROBOTIC ACCOUNTING, PEOPLE CAN FOCUS MORE ON HUMAN WORK THAT USES IMAGINATION, AND LESS ON BEING A BOT.