Corporate Internship

Name CM DARSHAN
KUMAR
SRN PES1UG21BB030

REVATHI RAVI Niyathi

PROF. Senior Manager
Title of the Project work
Table of content

Sl. No. Contents of Research Presentation

1. Title of the project – Specialisation based
2. Abstract
3. Introduction
4. Problem Statement
5. Formulation of Objectives
6. Scope of the Study
7. Significance of the Study
8. Literature Review (30 Research Papers)
9. Work Done Statement
 Title of the Project work

• Enhancing Efficiency and Accuracy: AI-Powered Data Entry in

Finance Internship Report"
•
• This title explores the implementation of artificial intelligence (AI) technology in the field of finance data
entry. The report highlights how AI systems can streamline and automate the data entry process, leading to
improved efficiency and accuracy.
• It delves into the benefits of using AI algorithms to extract, validate, and input financial data, reducing
human error and saving valuable time. The report also discusses the practical application of AI in a finance
internship setting, showcasing real-world examples and outcomes.
• Overall, it provides valuable insights into the transformative potential of AI in enhancing data entry
practices within the finance industry.
•
 Title of the Project work
Abstract

This temporary job report investigates the execution of simulated intelligence controlled
information section in the money division of an organization. The goal of this undertaking was to
improve proficiency and precision in monetary information the board through the use of man-
made consciousness advances.
The report gives an outline of the undertaking, including its goals, approach, and key discoveries.
It additionally talks about the advantages, difficulties,
and future ramifications of coordinating computer based intelligence into information section
processes in the money area.
 Title of the Project work

This title explores the implementation of artificial intelligence (AI) technology in the field of finance data entry. The report highlights how AI systems can streamline
and automate the data entry process, leading to improved efficiency and accuracy.
This temporary job report investigates the execution of simulated intelligence controlled information section in the money division of an organization. The goal of
this undertaking was to improve proficiency and precision in monetary information the board through the use of man-made consciousness advances.

Process and how it works

• Accountant(s) receive 100s of invoices every day

• They open emails and read the emails
• They open the invoices one by one, open each PO, open each delivery receipt and read all of them
• They do a 3-way matching
• They accept or reject invoices
• They communicate with CFOs
• They make general ledger updates
• They initiate payment
• They carry out tasks for capitalization, accruals and amortization
• They also create expense reports from time to time
• They communicate with vendors and internal stakeholders to resolve discrepancies

AI-based invoice processing streamlines the approval process. Each level of pproval is mapped out in the system, ensuring that the invoice reaches the right
person at the right time. Unapproved purchase orders can be tracked easily. The AI can also flag discrepancies for review before routing the invoice for approval.
 Title of the Project work
Introduction

The introduction section provides background information on the increasing importance of accurate
and efficient data entry in the finance industry. It highlights the limitations of traditional manual data
entry methods and introduces the concept of AI-powered data entry as a potential solution. The
objectives of the internship project are outlined, focusing on enhancing efficiency and accuracy in
financial data management.
This describes the ideology employed during the internship project. It explains the selection and
implementation process of the AI-powered data entry system. The steps taken to train the AI model,
integrate it into existing systems, and ensure data security and privacy are discussed. The data sources
used for testing and evaluation purposes are also mentioned.
Title of the Project work Introduction

How does it help and how is it related to

Finance

Invoice matching with purchase orders and delivery notes takes lots of human effort, and in some cases leads to human errors

Invoices have missing taxes, or tax computations are incorrect

Invoice data entry to downstream ERP systems is effort-intensive, also error-prone

Invoices are duplicates and partial or do not match with purchase order and delivery note

Capitalization, accrual and amortization tasks are tedious and manual. These are very often not accurate

Lack of financial control in the absence of prediction of

expenses, KPI monitoring, cash-outflow optimization, discount-based cash outflow savings

expenses, KPI monitoring, cash-outflow optimization, discount-based cash outflow savings

Benefits :
process cost optimization

1. Upto 10% cash outflow reduction due to early payment discounting

2. Improved vendor satisfaction
3. Improved auditability of books with improved capitalization and accruals
4. Higher control on cash outflow
 Title of the Project work
Problem Statement

Exploring the Impact of AI in Finance: A Data Entry

Internship Report

• The finance industry heavily relies on accurate and efficient data entry processes for various
financial operations. As technology advances, there is a growing interest in exploring the impact
of Artificial Intelligence (AI) in finance, particularly in the context of data entry.
The problem at hand is to assess and understand how AI can revolutionize data entry processes
in the finance sector. This internship report aims to investigate the challenges faced in traditional
data entry methods, such as human error and time constraints, and explore how AI-powered
solutions can address these issues. The report will delve into the potential benefits, limitations,
and implications of implementing AI in finance data entry, with a focus on accuracy, efficiency,
and productivity.
 Title of the Project work
Research Objectives

Research Questions
List all research questions of the research

1. How does the implementation of AI-powered data entry systems impact the efficiency of financial data processing .
in the internship setting?
2. What are the key factors that contribute to the accuracy of AI-powered data entry systems in finance internships?
3. What are the potential challenges and limitations of using AI for data entry in the finance industry, and how can .
they be addressed?
4. How does the integration of AI technology in data entry processes affect the overall productivity and time
management of finance interns?
5. What are the perceptions and experiences of finance interns regarding the use of AI-powered data entry systems in .
terms of efficiency and accuracy?
6. How does the accuracy of AI-powered data entry systems compare to traditional manual data entry methods in the
finance internship context?
Title of the Project work
Research Objectives

Research objectives
List all the objectives that progresses from the research question

1. Assessing the current data entry processes in the finance department and identifying areas where
AI can be implemented to enhance efficiency and accuracy.
2. Investigating the potential benefits and challenges of using AI for data entry in finance, including
cost savings, time reduction, and error minimization.
3. Evaluating different AI technologies and tools available for data entry in finance, such as optical
character recognition (OCR) and natural language processing (NLP), to determine their suitability
and effectiveness.
4. Analyzing the impact of AI-powered data entry on the quality and reliability of financial data,
including the reduction of manual errors and the improvement of data integrity.
5. Examining the training and implementation requirements for integrating AI into the existing data
entry processes, including the necessary infrastructure, data preparation, and employee training.
 Title of the Project work
Scope of the study

The scope of study in the internship report on "Enhancing Efficiency and Accuracy: AI-Powered Data
Entry in Finance" includes conducting a detailed analysis of the implementation and impact of AI-
powered data entry solutions in the finance industry. The report aims to explore how these
technologies can help enhance the efficiency and accuracy of data entry processes, ultimately
improving overall financial operations.

The study will involve reviewing existing literature and case studies on AI-driven data entry solutions
in the finance sector, examining their benefits, challenges, and best practices. It will also include
conducting interviews and surveys with professionals working in finance departments that have
implemented such solutions, to gain insights into their experiences and perceptions.

The internship report will cover topics such as the types of AI technologies used for data entry, the
process of implementing these solutions in finance organizations, the impact on data accuracy and
efficiency, the challenges faced during implementation, and potential future developments in this field.
Title of the Project work
Significance of the study

The significance of the study "Efficiency and Accuracy: AI-Powered Data Entry in
Finance Internship Report" lies in its exploration of the potential benefits of using
artificial intelligence (AI) for data entry in the finance industry.
In today's digital age, data entry tasks are time-consuming and prone to errors when
done manually. This can be especially problematic in finance, where accuracy and speed
are crucial. By examining the use of AI-powered data entry systems, this study aims to
improve efficiency and accuracy in financial data management.
.
Moreover, the study evaluates the accuracy of AI-powered data entry systems,
comparing their performance with manual data entry. It examines the potential reduction
in human error and the improvement in data integrity that such systems can offer. The
report also explores the challenges and limitations associated with AI implementation in
finance, highlighting areas for improvement and further research.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
1 1. The influence of Amiri, Mahsa Business In summary, the current global pandemic has highlighted the
importance of making the right business decisions, and data
business intelligence intelligence accessibility through Business Intelligence (BI) systems has become
crucial for companies. The tourism and hospitality sectors have also
and analytics on Decision making recognized the benefits of adopting BI technology to compete in the
performance of Artificial market. However, selecting the right BI system for a business
remains a significant issue that requires further research.
tourism and intelligence Additionally, the connection between BI and other emerging
hospitality 28-Nov-2022 technologies, such as Artificial Intelligence (AI), as well as the
future potentials of BI, have not been widely studied.
companies This study consists of two parts: a literature review and an
internship report. The literature review explores the definition of BI
and analytics, the structure of a BI system, and its potential effects.
The internship takes place in the BI data visualization department of
the Metyis company, focusing on the advantages of BI on company
efficiency and presenting real application results.
In conclusion, implementing a BI system can benefit companies in
terms of product improvement, marketing strategy, cost reduction,
and increased revenue.

2 1. Artificial Sathe, Tanaya https:// This dissertation project aims to investigate the impact of artificial
intelligence (AI) on the efficiency of learning and development in the
Intelligence Milind norma.ncirl.ie/id/ accounting industry. The findings suggest that AI adoption is positively
correlated with the effectiveness of learning and development in the sector.
Influenced Learning
eprint/5913 Personalizing learning pathways, reinforcing training and development,
and Development in 21 Nov 2022 15:45
and focusing on virtual learning have a strong positive correlation with
effectiveness, while integrating training requirements has a moderate
Accounting Sector. correlation. Therefore, it is suggested to invest more in AI strategies to
improve learning and development effectiveness.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
3 1. AI model to Hasan, Azwad https:// IThis project aims to develop a web application that uses computer
vision and existing CCTV infrastructure to address security
ar.iub.edu.bd/ concerns in industrial buildings. The application utilizes an
intelligence Fawad handle/11348/699 advanced AI model to analyze the video stream from CCTV
cameras, identifying and categorizing individuals in real-time. The
2023-10-04 model is trained to recognize human figures, count the number of
people, and mark forbidden areas. When it detects human presence
in restricted zones after hours, it populates a MySQL database with
relevant information and triggers an alarm in the designated area.
The goal is to deter potential attackers and prevent unauthorized
entry, ultimately improving security controls and reducing property
damage in industrial settings. Additionally, this project explores the
use of AI in surveillance for broader applications.

2023 Artificial intelligence, also known as AI, is the simulation of human

4 The Impact of Sokoli, Margarita intelligence in machines. It involves studying how human brains
All rights reserved. work and representing those processes through machine learning. AI
Artificial has made significant advancements in various sectors, including
Intelligence on accounting. This research aims to understand the impact of AI on the
financial sector and the skills required for finance professionals to
Finance succeed in AI-driven workplaces.. This research serves as a preview
of the current application of AI in the financial industry and its
transformative effects.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
Isupportive and educational tool for plastic surgeons. The
5 Plastic Surgery and Ahmad Mayo Clinic
Proceedings: Digital
researchers generated operative notes for plastic surgery procedures
using ChatGPT-4 and compared them to handwritten or computer-
Artificial M. Abdelhady Health written notes. The study involved four surgeons performing
operations in a single institution.These took significantly less time to
Intelligence: How Volume 1, Issue create compared to human-generated notes (5.1 seconds vs 7.10
minutes). All of the ChatGPT notes adhered to current guidelines.
ChatGPT Improved 3, September 2023 Surgeons and patients expressed high satisfaction with the AI-
generated notes, with the majority being either very satisfied or
Operation Note satisfied. Only one surgeon and one patient reported dissatisfaction.
Accuracy, Time, and
Education
1.

6 Ethics of Artificial Published Online:Oct This summary highlights the key points from an international

Intelligence in Radiology:
• Jacob L. 1 2019https://doi.org/ multisociety statement on the ethics of artificial intelligence
(AI) in radiology. The statement emphasizes the potential of AI
Jaremko, Stev 10.1148/ to improve efficiency and accuracy in radiology but also
Summary of the Joint e G.
radiol.2019191586 acknowledges the ethical challenges and biases associated
European and North Langer, Andre with its use. It calls for extensive research to understand how
a Borondy to effectively deploy AI in clinical practice.. The responsibility
American Multisociety Kitts, Judy and accountability for AI lie with its human designers and
operators. The statement urges the radiology community to
Statement Birch, William develop codes of ethics and practice for AI that prioritize
F. Shields, patient care and the common good while opposing the use of
radiology data and algorithms for financial gain without these
attributes.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
http:// This report reflects my 12 weeks of work experience at Tech Garlic
3 Implementing A.I Bin Ahmed, hdl.handle.net/
LTD. And also, my observation and workflow of analyzing
customers’ sentiments of different brands using an Artificial
based solutions to Omar 10361/18836 Intelligence-based solution called DotKom. This report shows the
importance and ease of implementing artificial intelligence-based
2022-09
understand & solutions to understand & predict consumer sentiment.
Understanding customer sentiment can be a difficult process and in
the modern age of social media marketing without a big and
predict consumer accurate data set it is almost impossible to determine customer
sentiment in real time. \It helps campaign planners like myself to
sentiment create successful marketing campaigns and also enables brands to
build better connections with their customers.. Along with these this
report will also provide business strategies, operational practices,
1. and the financial performance of the organization. This report will
also reflect on the challenges and limitations of Artificial
Intelligence-based -based solutions. Lastly, some recommendations
have been provided for future improvement of the tech solution..

https://urn.fi/ This study examines the effectiveness of an artificial intelligence-

4 The effectiveness of Satayeva, Danara based voice feedback system in the hospitality sector. The aim is to
URN:NBN:fi:amk-202
AI-powered voice Murtazin, Tagir 3121437316 2023
evaluate the impact of this technology on customer satisfaction. The
study uses a mixed-methods approach, collecting online interviews
feedback system on from business representatives and an online questionnaire from end
users of the system. The initial analysis of data showed
customer satisfaction predominantly positive feedback, indicating that the AI-powered
voice feedback system was well received and positively impacted
in the hospitality sector customer satisfaction.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
7 The role of Jay J. Park Volume 4 - 2022 | AI technology has been increasingly used in surgical
simulation to enhance the training experience and improve
https://doi.org/
artificial
patient safety. It helps in preoperative planning, intraoperative
10.3389/ visualization, and guidance during surgery. The technology
provides personalized evaluation and feedback to surgeons,
intelligence in fmedt.2022.10767 enhancing their skills and knowledge. Different AI algorithms
55 are used in surgical visualization technologies for anatomical
surgical education and presurgical assessment.

simulation However, despite the promising results and clinical examples,

there are barriers to the widespread commercialization of AI-
supported surgical simulators. High implementation and
production costs, lack of evidence for the superiority of such
technology, and inherent technological limitations are some of
1. the key challenges. These factors hinder the universal
adoption of AI-enabled simulators.

J Anaesthesiol Clin Gynecological malignancies are treated with a multi-disciplinary

8 Artificial Ruchika goel approach. There are two important factors, the stage and Karnofsky
Pharmacol. 2022, performance status scale (KPS) of patients, which guide the
Intelligence in 38:11-7. 10.4103/ treatment strategy by single or multiple modalities in terms of
Gynaecological joacp.JOACP_139_20 surgery, radiotherapy, or chemotherapy. Various aspects are included
in the workflow of gynecological malignancies, like screening,
Malignancies: diagnosis in each individual, treatment modalities, and finally,
follow-up to see for outcomes leading to the development of new
Perspectives of a research protocols. The quality data plays an important role in every
step. Artificial Intelligence (AI) will play an important role if it is
Clinical Oncologis developed in the above-mentioned steps. AI is already established
partially in every aspect of the management of gynecological cancer.
It needs to be strengthened and incorporated further in a more robust
form.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
9 1. AI-Based Big Prithi Samuel AI, IoT, and E-government is the effective and efficient delivery of high-quality
information and governmental services to citizens and/or other
Blockchain governmental and non-government entities. Both the service
Data Algorithms and Breakthroughs in provider and the citizens using the services will gain from big data
analysis. Market Research indicates that 75% of government
Machine Learning E-Governance agencies are using big data to enhance the standard of living for
individuals. Big data analytics gives a perspective into the
Techniques for effectiveness of government programmes and policies. In order to
Managing Data in E- gauge public sentiment and comprehend citizens' thoughts and
attitudes about government programmes, forecasting and
Governance prescriptive analysis suggests the optimal course of action. This
chapter will provide a brief overview of key topics to help readers
2. fully comprehend how big data is used across the government
department.
The use of Artificial Intelligence (AI) in medical education has the
10 The fundamentals of Martin G. • https:// potential to facilitate complicated tasks and improve efficiency. For
Artificial Tolsgaard doi.org/ example, AI could help automate assessment of written responses,
or provide feedback on medical image interpretations with excellent
10.1080/014
Intelligence in 2159X.2023.
reliability. While applications of AI in learning, instruction, and
assessment are growing, further exploration is still required. There
medical education 2180340
exist few conceptual or methodological guides for medical educators
wishing to evaluate or engage in AI research. In this guide, we aim
research to: 1) describe practical considerations involved in reading and
conducting studies in medical education using AI, 2) define basic
terminology and 3) identify which medical education problems and
data are ideally-suited for using AI.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
11 1. THE ARIF, FAYE 2021 Background: Digital transformation will inevitably impact the
way work is conducted across varying industries and
FUTURE OF VICTORIA functions.. Methods: Qualitative research compiled through
journals and publications online will be conducted using the
WORK: HOW AI case study method, which will outline use cases of Artificial
Intelligence and Blockchain technologies in three companies:
AND Unilever, Randstadt, and L’Oreal. Results: While the
automation of repetitive job functions will occur, this cost will
BLOCKCHAIN be outweighed by returns from the creation of new jobs.
Automating administrative tasks such as resume screening
TECHNOLOGIE and background checks will also mark a shift to HR as a
strategic partner instead of a support function. To further
S WILL IMPACT prepare the existing workforce for this change, professionals
can look to upskill their employees, particularly in the areas of
HR AND THE digital literacy.

JOB MARKET
14 March 2023 https:// The integration of artificial intelligence (AI) into medical education
12 The rise of Hyunsu Lee has the potential to revolutionize the way students learn about
doi.org/10.1002/ biomedical sciences. Large language models, including ethical
ChatGPT: Exploring ase.2270 issues and potentially harmful effects. It is crucial for medical
educators to keep pace with technology's rapidly changing landscape
its potential in and consider the implications for curriculum design, assessment
strategies, and teaching methods. Continued research and evaluation
medical education are necessary to ensure the optimal integration of AI-based learning
tools into medical education.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
13 1. Application of Castelli, Mauro Debt Management This report summarizes a nine-month internship at EDP
Predicted Models in Machine Learning Comercial focusing on the application of artificial
Date: 10-Apr-2023 intelligence tools in debt management. The main
Debt Management: objective was to use AI to optimize debt management
Developing a Machine processes and minimize the risk of debt for individuals
Learning Algorithm to and organizations. Traditionally, debt management has
Predict Customer Risk been reactive, waiting until clients become delinquent
before taking action. However, there is a lack of
at EDP Comercial
knowledge on proactively identifying at-risk accounts
before they fall behind on payments.

This paper presents a qualitative study on the adoption of chatbots in

14 The Role of Vaishali Kaushal • https://doi.org/
10.1080/24750158.2 academic libraries. The researchers interviewed multiple
stakeholders including library staff, doctoral students, and faculty
Chatbots in 022.2106403
members to understand their perspectives on chatbot adoption. They
Academic Libraries: used content analysis software to analyze the interview transcripts.
The findings indicate that most stakeholders support the adoption of
An Experience- chatbots as they believe it can enhance library services and aid in
research and scholarly communication. However, stakeholders also
based Perspective expressed concerns about perceived risks, privacy intrusion, and the
ability of chatbots to handle complex tasks. The paper suggests that
chatbot developers should address these issues when designing
chatbots for libraries.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
15 Artificial intelligence: Islam, MD. Wasib http:// This report has been prepared as per the requirement of completion
of internship course, BUS 400, in the Bachelor of Business
Essential to Successful hdl.handle.net/ Administration (BBA) program at BRAC University. After a
10361/17784 successful interview, I was nominated for working in the Walton Hi-
Consumer Acquisition Tech Industries Ltd. The report illustrates a brief overview of
Walton, the department I was working for and its members. It
for the Consumer explains the tasks carried out by Walton TV Department and its
products. This report contains the summery of Brand
Electronics Goods Communication practices followed by Walton Hi Tech Industries
Industry Ltd. and how those practices are implemented to improve Branding.
From the bookish knowledge we know that, in theory there are
1. practices like consumer behavior, brand management, product
marketing, brand combinations and so on.
The demand for psychological counselling has grown significantly
16 Scaling up Global Mental Tin Lai https://doi.org/10.48550/
arXiv.2307.11991 in recent years, particularly with the global outbreak of COVID-19,
Health Psychological Focus to learn more which has heightened the need for timely and professional mental
Services with AI- health support. Online psychological counselling has emerged as the
predominant mode of providing services in response to this demand.
based Large In this study, we propose the Psy-LLM framework, an AI-based
Language Models assistive tool leveraging Large Language Models (LLMs) for
question-answering in psychological consultation settings to ease
the demand for mental health professions. Our framework combines
pre-trained LLMs with real-world professional Q\&A from
psychologists and extensively crawled psychological articles. The
Psy-LLM framework serves as a front-end tool for healthcare
professionals, allowing them to provide immediate responses and
mindfulness activities to alleviate patient stress.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
17 1. Higher Aryal, Dipshikha https://urn.fi/ IThis project aims to develop a web application that uses computer
vision and existing CCTV infrastructure to address security
URN:NBN:fi:amk-2 concerns in industrial buildings. The application utilizes an
education 02201201535 advanced AI model to analyze the video stream from CCTV
cameras, identifying and categorizing individuals in real-time. The
accounting model is trained to recognize human figures, count the number of
people, and mark forbidden areas. When it detects human presence
in restricted zones after hours, it populates a MySQL database with
students on relevant information and triggers an alarm in the designated area.
The goal is to deter potential attackers and prevent unauthorized
developing AI entry, ultimately improving security controls and reducing property
damage in industrial settings. Additionally, this project explores the
and RPA use of AI in surveillance for broader applications.

competencies
2023 Artificial intelligence, also known as AI, is the simulation of human
18 1. The Martha Ackmann intelligence in machines. It involves studying how human brains
All rights reserved. work and representing those processes through machine learning. AI
Benefits and has made significant advancements in various sectors, including
Limitations of accounting. This research aims to understand the impact of AI on the
financial sector and the skills required for finance professionals to
AI-Powered succeed in AI-driven workplaces.. This research serves as a preview
of the current application of AI in the financial industry and its
Data Entry in transformative effects.

Finance
2.
Title of the Project work
Literature Review (30 Research Papers)
Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
3 1. The Evolution Diane https:// In the world of finance, data entry plays a critical role in
organizing, analyzing, and making informed decisions.
of Data Entry ar.iub.edu.bd/
Practices in Ackerman handle/11348/699
However, traditional data entry practices have often been
time-consuming, error-prone, and limited in terms of
Finance Through 2023-10-04 scalability. With the advent of Artificial Intelligence (AI), data
entry practices in finance have undergone significant
AI evolution.

2.
AI-powered data entry solutions leverage advanced
technologies such as Optical Character Recognition (OCR),
Machine Learning (ML), and Natural Language Processing
(NLP) to transform the way financial data is collected,
processed, and utilized. These solutions offer several key
benefits over traditional manual data entry practices

4 1. Analyzing the Alexander • https://doi.org/ Artificial Intelligence (AI) has been playing a significant
10.1080/24750158.2 role in enhancing data management in various
Effectiveness of AI Aaronsohn 022.2106403
industries, including finance. In the financial sector, the
in Enhancing Data effective management of vast amounts of data is crucial
Management in for making informed decisions, reducing operational
Finance costs, improving customer experience, and compliance
with regulatory requirements. AI has proven to be highly
effective in tackling these challenges and revolutionizing
data management practices in finance.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
3 1. A Review of AI Hans Aanrud https:// AI algorithms for data entry in finance are designed to
automate the process of entering and processing large
Algorithms for ar.iub.edu.bd/ volumes of financial data accurately and efficiently. These
Data Entry in handle/11348/699 algorithms leverage machine learning and natural language
Finance 2023-10-04 processing techniques to extract relevant information from
2. various sources such as financial statements, invoices, and
transaction records.

One commonly used AI algorithm for data entry in finance is

optical character recognition (OCR), which converts scanned
documents or images into machine-readable text. OCR
algorithms are trained to recognize different font styles and
sizes, enabling them to accurately extract information from
documents in different formats.

2023 AI-powered data entry internships can provide various skill

4 1. Assessing the Jane Aaron development opportunities for interns. These opportunities arise
Skill Development All rights reserved. from the application of artificial intelligence and machine learning
Opportunities in technologies in automating data entry tasks. Below are some skill
development areas that can be assessed in such internships
AI-Powered Data
Entry Internships
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
3 1. Challenges Jhumpa Lahiri: https:// Implementing AI-powered data entry projects in finance comes with
its own set of challenges and requires careful consideration of
and Solutions in ar.iub.edu.bd/ various factors. This article discusses some common challenges
faced in such projects and proposes potential solutions to overcome
Implementing AI- handle/11348/699 them
Powered Data 2023-10-04 One of the critical challenges is ensuring that the data entered
into the system is of high quality and accurate. Poor data
Entry Projects in quality can lead to erroneous financial calculations and
Finance inaccurate reporting

4 1. The Bertus Aafjes https://doi.org/ In today's digital age, data has become the lifeblood of
Importance of 10.1080/24750158.202 businesses across various industries. This is especially
2.2106403 true in the finance sector, where accurate and reliable
Data Quality in AI- data is crucial for making informed decisions and
Powered Finance managing risks effectively. With the rise of AI-powered
Data Management finance data management, data quality has taken on
even greater importance.

Data quality refers to the accuracy, completeness,

consistency, and reliability of data. In the context of AI-
powered finance data management, it is about ensuring
that the data used for training and analysis is of high
quality. Here are some reasons why data quality is vital
in AI-powered finance data management
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
3 1. The Role of Bhavik Sarkhedi: https:// Firstly, machine learning can enhance the extraction and
ar.iub.edu.bd/ analysis of valuable insights from financial data.
Machine Learning Financial institutions generate vast amounts of data,
in Revolutionizing handle/11348/699 ranging from customer transactions to market trends and
Financial Data 2023-10-04 risk factors. Financial institutions often spend significant
Management resources on data categorization, cleansing, and
integration. Machine learning algorithms can automate
2. these processes, reducing the time and effort required
and minimizing the risk of errors. Additionally, machine
learning can optimize data storage and retrieval,
ensuring that the most relevant and frequently accessed
data is readily available.

AI-powered data entry projects offer several benefits in terms of

4 1. An Evaluation Khushwant Singh: https://doi.org/ data security. One key advantage is the reduction of human error.
of AI-Powered Manual data entry is prone to mistakes, such as typing errors,
Data Entry 10.1080/24750 misinterpretation of information, or accidentally entering data into
the wrong fields. These errors can lead to discrepancies and
Internship Projects 158.2022.2106 inaccuracies in financial data, which can have serious consequences
in Improving in terms of financial reporting, decision-making, and overall data
Financial Data 403 integrity. AI-powered data entry systems eliminate or significantly
reduce these errors, as they are designed to automatically extract and
Security enter data accurately, following predefined rules and algorithms.
Title of the Project work
Literature Review (30 Research Papers)

Sl. Research Article Title (Author1 Last Name of Your summary / Variables / Method /
No. Name, Author2 Journal, Vol No scope of research
Last Name, Year) (Issue No),
3 1. analyzing the ROI of AI-
Mohammed https:// 1. One of the significant advantages of using AI-powered
Powered Data Entry ar.iub.edu.bd/ data entry in finance is its ability to automate repetitive
Internship Projects in Abdalbari handle/11348/699
tasks that would typically require manual input. By
leveraging AI, interns can complete these tasks more
Finance
2023-10-04 efficiently and allocate their time to more critical and
strategic activities. The ROI can be measured by
quantifying the time saved and evaluating how interns
can utilize this additional time for higher-value tasks.

2.

4 1. A Comparative Draginja https://doi.org/ The analysis would explore how AI is being utilized to
automate repetitive tasks, improve accuracy, and
Analysis of AI- Adamović 10.1080/247501 enhance efficiency in data entry. It would also assess the
Powered Data impact of AI on job roles traditionally associated with
Entry Internships 58.2022.210640 data entry and highlight the advantages and challenges
in Finance and 3 of implementing AI technology in this field.I(OCR) can be
Other Industries used to extract relevant information from these
documents and enter them into databases or other
systems. The analysis would evaluate the effectiveness
of AI in handling these financial records and its potential
to reduce errors and increase productivity.
Title of the Project work
Work Done Statement

Week - 1

15/01/24-18/01/24
My internship at hyprbots began with an introduction to the goals and principles of the organization. I
went through a thorough onboarding process that includes learning about the mission and vision of the
Hyprbots founders, who are dedicated to providing interesting Hyprbots subjects like Hyper
Automation, Unstructured Data Processing, iRPA, NLP, AI, ML, and Computer Vision to life for the
students and make learning fun and impactful. It was a little difficult for me to adjust in the new
environment but the staff were quite friendly. I was put into a team with 4 other team members and a
team leader. I did not have much work as it was the first week I mostly had to just observe my senior
and learn.
Title of the Project work
Work Done Statement

Week - 2
22/01/24-25/01/24
I spent a lot of time learning the tags and hashes regarding the data entry systems of invoices in order
to improve my understanding of the services that hyprbots provides. thanks to my team members for
helping me out and explaining patiently. Knowing the dynamics of the data that is essential to my
work in finance and data associate invoice . In order to determine the most recent trends, new ways of
credit and bill system , they use slack , a platform which helps interns and employees work together on
particular project and work on their following invoices.
Title of the Project work
Work Done Statement

Week - 3

22/01/24-25/01/24
In my third week targets were given to us to complete the invoices editing and block
building
These are the main things in new data entry , credit and bill system
We had to complete 15-20 invoices a day
One invoice approximately takes 30 min to complete
And learnt more new things like adding tags , advanced tags and additional field tags
Title of the Project work
Work Done Statement

Week - 4
5/01/24-7/02/24
During my fourth week at hyprbots I got more involved achieving the target and learning new tags for
adjustments
THANK YOU