Bridging the AI Gap: Finance as a Key Driver of Success

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Business News

AI,Finance,Business Strategy

This article explores how finance plays a critical role in ensuring that AI investments deliver substantial returns. It highlights the disconnect between understanding AI's potential and effectively implementing it, emphasizing the need for early and ongoing involvement of finance teams.

The companies that succeed with AI aren’t necessarily those with the most advanced models or the largest data sets — they’re the ones that bring together diverse expertise to make the smartest decisions. Finance, with its ability to ascertain value, ensure accountability, and provide an objective perspective, plays an indispensable role in making AI investments truly pay off.

By involving finance teams early and often, companies can transform AI from an exciting possibility into a reliable growth engine — one that delivers both top-line expansion and operational excellence.Companies have adopted artificial intelligence with almost unheard-of speed, but there remains a significant gap between enthusiasm and results. In a recent survey of 750 executives (150 in tech, 600 in other industries), a strong majority (65%) told us they believe they have an advanced understanding of AI and its benefits, and 18% said they have a cutting-edge understanding. But only 6% claim to have a cutting-edge implementation of AI. This highlights a crucial disconnect: While many companies understand the potential of AI, few are able to effectively translate that understanding into tangible results

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