Finance’s transformational moment

Well-integrated, generative artificial intelligence (Gen AI) will transform the finance function. Here’s how to get started. In the near future, daily apps will handle tasks from budgeting to due diligence more efficiently, with Gen AI potentially boosting SG&A productivity by up to 40%.

Timing is one of the trickiest aspects of any investment: commit too early or too late, and nothing else you do counts for much.

Artificial intelligence presents just such a challenge. Should you dive in now, while the technology is still developing, or wait a year or two, until it’s more mature? After all, when it comes to new technology, second movers sometimes do have an advantage – would you rather be Napster or Spotify? Friendster or Facebook?

Source: The CFO