Companies have adopted artificial intelligence with almost unheard-of speed, but there remains a significant gap between enthusiasm and results. In a recent survey of 750 executives (150 in tech, 600 in other industries), a strong majority (65%) told us they believe they have an advanced understanding of AI and its benefits, and 18% said they have a cutting-edge understanding. But only 6% claim to have a cutting-edge ability to derive value and P&L impact from the technologies.
Why Your Finance Team Should Help Make Big AI Decisions
Their ability to ascertain value, ensure accountability, and provide an objective perspective can ensure this technology drives reliable growth.
December 19, 2024
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Summary.
The companies that succeed with AI aren’t necessarily those with the most advanced models or the largest data sets — they’re the ones that bring together diverse expertise to make the smartest decisions. Finance, with its ability to ascertain value, ensure accountability, and provide an objective perspective, plays an indispensable role in making AI investments truly pay off. By involving finance teams early and often, companies can transform AI from an exciting possibility into a reliable growth engine — one that delivers both top-line expansion and operational excellence.