According to the report Outlook CFO Outlook, generative AI is playing an increasing role in finance, and CFOs are also adopting generative AI in finance to perform strategic and financial tasks. More than CFOs report using to create data visualizations and reports to help improve the clarity and accessibility of complex financial data. Executive Vice President and Group President told Business Insider that incorporating data into cash flow will bring significant improvements to the business.
Organizations that are early adopters and mass consumers belarus consumer email list of new technologies will accelerate forward. While promising, adopting AI in the backend is not without its challenges. Resistance often stems from two main sources: cultural inertia and perceived complexity. Finance teams have historically been wary of adopting new technologies, often prioritizing reliability over innovation. Convincing stakeholders to invest in AI requires a clear articulation of return on investment.
Still based on the data in the report, most believe that the return on investment is limited, but those who have increased their investment plan to increase investment in artificial intelligence. For all the coverage, sign up for the daily newsletter. Recommended Is enterprise artificial intelligence the answer to back-office bottlenecks? Microsoft to invest billions in AI-focused data centers Uniqlo and Eleven earnings reports expected to describe challenges in network innovation this week