A Guide to Surviving AI
To harness the power of AI, finance chiefs need to sharpen their skills in five areas.
To harness the power of AI, finance chiefs need to sharpen their skills in five areas.
“A significant investment in data infrastructure, talent acquisition and change management will be the foundation of a successful implementation,” says Glenn Hopper of Eventus Advisory.
“A team must feel empowered to adopt new technology, but for this to happen, the company must maintain a culture of constant learning and upskilling,” says UST CFO Vijay Padmanabhan.
Potential use cases for GenAI in finance abound, but most are still very much in the development stage.
“The only place you can impact cost meaningfully is the ‘transaction layer’—at the point of execution, the negotiation,” says Jon Winsett of NPI.
CFOs are investing in generative AI and predictive AI solutions for functions other than the one they lead, their hesitance born of worries concerning the accuracy of financial reports.