A peek into the future
With generative AI solutions, business leaders will have immense opportunities to increase process automation, enhance user experiences, uncover insights from their data, and work more efficiently – all while making processes more reliable, accurate, and trustworthy.
With generative AI, we believe that the future holds great promise through:
- The democratization of low-cost programming, which will force a major shift in the adoption of AI across businesses, including finance
- Realizing companies' automation goals, enabling entire ecosystems to come together to create end-to-end digitization. CXOs should look for partners to help them evaluate, deploy, and maintain their generative AI capabilities
- Integrating AI into all digital technology – rather than AI and digital systems working separately – to create intelligent automation stacks that deliver finance outcomes
- The software industry addressing the data challenges that will make generative AI succeed
But for finance teams and other CXO functions to benefit from this future, they must partner well, building trust, maintaining relationships, and communicating effectively.
And businesses should not lose sight of the fact that generative AI is but another digital tool and part of a company's digital toolkit. Enterprises need to evaluate whether the business problem they face is best solved by an existing digital solution or if generative AI can work in tandem with other technologies to address the challenge.