The Finance Industry Risks Being Left Behind in the AI Race
Finance teams are falling behind in their adoption of AI, with only 27% of decision-makers confident about its role in finance and 19% of finance functions having no planned implementation. The slow pace of AI adoption is a danger, defined by an ever-widening chasm between those using AI tools and those who are not, leading to increased productivity, prioritized work, and unrivalled data insights.
- As the use of AI becomes more widespread in finance, it's essential for businesses to develop internal policies and guardrails to ensure that their technology is used responsibly and with customer trust in mind.
- What specific strategies will finance teams adopt to overcome their existing barriers and rapidly close the gap between themselves and their AI-savvy competitors?