AI in Finance: A Strategic Guide for CFOs

  • 📰 Gartner_inc
  • ⏱ Reading Time:
  • 67 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 53%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Learn how leading CFOs shape an AI-forward finance function, and discover strategies for successful deployment of artificial intelligence.

Download Gartner’s Four AI Must-Do’s for CFOs, whereby I agree to provide Gartner with my personal information, and understand that information will be transferred outside of mainland China and processed by Gartner group companies and other legitimate processing parties and to be contacted by Gartner group companies via internet, mobile/telephone and email, for the purposes of sales, marketing and research.

They prioritize employment based on opportunities to further develop data science skills in support of meaningful work. Blindly handing over responsibility to a machine is not just uncomfortable, it’s unadvisable. AI-supported processes must support a transparency that allows people to observe the process and freely take control when necessary.AI algorithms do not match the full awareness and competency of people. The complexity of delivering unbiased and valid financials demands that people remain engaged in the automation loop.

As the chief steward for an organization’s financial health, the CFO must balance the risks and rewards of tools like generative AI. Three distinct conversations across leadership circles will help CFOs establish reasonable expectations and ensure that the use of generative AI creates value without introducing unacceptable risks.

Finance leaders whose functions are not yet using AI cited four primary reasons: other priorities, lack of technical capabilities, low-quality data and insufficient use cases. Across a diverse set of areas, 64% of finance organizations using AI report that its impact has either met or exceeded their expectations. These CFOs can expect this impact to compound as their more complex AI techniques mature and provide greater value in Year 2 or 3.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 455. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

G7 finance leaders condemn Hamas 'terror attacks' on IsraelG7 finance leaders condemn Hamas 'terror attacks' on Israel
Source: Investingcom - 🏆 450. / 53 Read more »

Lido Finance Slashed For $30,000 On Ethereum After Staking MalfunctionCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »