in generative AI technology over the next three years, the Journal reported. The tax and audit consulting firm plans to use generative AI internally and to advise other companies on how best to use generative AI. The firm will work withOther panelists at the CFO Network event discussed how generative AI could have an impact on their sales strategy, including pricing.
“I think we’re probably two years away from it, but being able to go into the system, ask it for information and get direct answers in terms of looking at financial data is a really compelling and exciting opportunity,” Mr. Bond said.carefully, they may also need to begin forecasting how much work could be automated across their companies and the impact that may have on head counts.
Ms. Myers said that HP is digging into how generative AI could drive greater productivity across the whole company. “The bottom line is that the numbers are substantial. It’s probably the most agile moment in productivity that I’ve personally seen in my career aside from the smartphone and the internet,” she said.
Ms. Myers added that the speed at which generative AI could transform businesses will require CFOs to be more agile. “This is a really significant management of change,” she said. “Finance professionals like rigidity and they like structure. This disrupts everything. I do believe you need a different level of skill and agility in your organization, and even potentially a different sort of structure, to enable productivity gains at speed.