
National Conference on Applications of AI: Promises, Perils, and Sustainability : MKES Trust Nagindas Khandwala College
Purpose
Artificial Intelligence (AI) is no longer just a futuristic concept—it is transforming industries, businesses, and human interactions in real time. However, with rapid advancements in AI, new challenges arise, including ethical concerns, bias, and governance issues.
This session aimed to provide an in-depth look at Generative AI, Large Language Models (LLMs), and Business Intelligence (BI), focusing on:
- How AI is reshaping industries with automation and predictive analytics
- The opportunities and risks of integrating AI into business operations
- The impact of LLMs like ChatGPT and Bard on productivity, creativity, and decision-making
- Ethical dilemmas and governance challenges in AI adoption
Content & Session Highlights
The session covered a comprehensive overview of AI and its industrial impact:
- Introduction to Generative AI and Large Language Models (LLMs)
- How AI models learn from data and generate human-like responses
- The potential of LLMs in automating content creation, customer support, and data analysis
- Limitations of LLMs: Bias, misinformation, and ethical concerns
- Applications of AI-Driven Business Intelligence (BI) for Decision-Making
- AI-powered predictive analytics for market trends and customer behavior
- AI in fraud detection and cybersecurity
- Real-world case studies of companies leveraging AI for competitive advantage
- The Ethical and Governance Challenges in AI Adoption
- How AI bias and misinformation can lead to flawed decision-making
- The role of government policies and regulations in AI governance
- Discussing AI ethics and responsible AI development
- Case Studies on AI-Driven Automation in Industry
- How AI is being used in healthcare, finance, and manufacturing
- The role of AI in automating supply chains and logistics
- How businesses are balancing AI-driven automation with human oversight
Additionally, Shoeb Sheikh, Head of Learning & Development at Testriq QA Lab, delivered a session on AI Integration in Software Testing. His talk highlighted:
- How AI-powered testing tools improve software quality and efficiency
- The role of machine learning in detecting software defects faster
- AI-driven automation in regression and performance testing
- Q&A and Future of AI in Business & Education
- Open discussion on how AI will shape the workforce in the next decade
- The importance of AI literacy in academic institutions and corporate training
Key Takeaway
✔ AI is not a replacement for human intelligence but an amplifier of it
✔ Businesses that adopt AI responsibly will gain a competitive edge
✔ Ethical AI development is critical for sustainability and trust
✔ The right balance of AI and human expertise is the key to long-term AI adoption
AI is here to stay. The question is: How will we use it? The answer lies in responsible AI adoption, continuous learning, and a commitment to ethical AI practices.