ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø

In recent dialogues between ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø LLP and chief financial officers (CFOs), the topics of the moment have been artificial intelligence (AI) and advanced data & analytics (D&A). While there is a spectrum of maturity in terms of adoption—from simple data capture applications to sophisticated use cases and extreme automation—all CFOs seem to realize that these technologies represent the future.Ìý

Key takeaways

• As companies transition to AI, it is critical to shift the mindset to acknowledge that AI is a business model, not a technology model. Ultimately, it will become its own enterprise muscle and drive mission-critical decisions.
• Critical success factors to using both AI and D&A models include a well-developed data strategy and a clear operating model structure.
• AI builds upon D&A, and companies are following a similar adoption curve with AI as they did with D&A a decade ago.
• AI means much more than Generative AI (GenAI), so it is critical to understand all the different types and how they can be applied within a business.
• CFOs need to think innovatively about how AI can help enhance finance processes and then conduct pilot projects in safe, controlled environments.

Ìý