Advertisements

Only 10% of Financial Departments Use Artificial Intelligence

According to a study, 89% of financial teams acknowledge that they have not yet deployed the AI ​​in their workplace and only 10% of them believe that they have the necessary skills to support the digital ambitions of the organization.

Advertisements
Share Give it a Spin!
RSS
Follow by Email
Facebook
Twitter
YOUTUBE
LINKEDIN

According to a study, 89% of financial teams acknowledge that they have not yet deployed the AI ​​in their workplace and only 10% of them believe that they have the necessary skills to support the digital ambitions of the organization.

Much has been said, talked about and discussed about the impact of artificial intelligence on the productive fabric and economic activity on a global scale. No, we are not talking about the supposed destruction of jobs by robots or the massive analysis of data for electoral purposes or market knowledge. We speak in much broader terms, such as the forecast that AI will increase world GDP by 1.2% in the next decade, thanks in part to the fact that investment in this technology will reach 232 billion dollars in 2025.

One of the fields where a greater or more immediate role of artificial intelligence is assumed is in the financial departments of companies. A routine task, very susceptible to human errors and that could be automated in a relatively simple way. And yet, the adoption of AI is – let alone – too slow.

This is confirmed by a study presented today by Oracle and the Association of International Certified Professional Accountants, according to which only 10% of financial teams worldwide are making the most of artificial intelligence capabilities. Specifically, 89% of financial teams recognize that they have not yet deployed the AI ​​in their workplace and only 10% of them believe they have the necessary skills to support the digital ambitions of the organization.

The survey, conducted to 700 professionals in the industry, also demonstrates that almost half (46%) of financial leaders ‘knowledgeable about technology’ are using their new tools to achieve positive revenue growth, compared to only 29 % who are less willing to adopt new technologies.

Luckily, it has also been found that a large majority (86 percent) of these ‘digital finance leaders’ have a ‘digital-first’ mentality based on the cloud, which means they can get more and easier access to technologies such as artificial intelligence and the blockchain that other rivals.

Advertisements

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: