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Finance has always prided itself on innovating to problem-solve.
From stock markets to electronic banking; spend management platforms to AI.
VP of Data, Analytics, and AI at Pleo.
But while there are valid concerns around security, bias and ethics, these are all easily navigable.
This is about more than just increased operations, productivity and efficiency though.
But without AI theyre incapable of drilling down far enough or even knowing where to dig.
This is not only an outdated perspective but could potentially stop finance leaders from getting hands-on with the technology.
Todays AI models are user-friendly, but training is still needed around best practice and safety.
This is a particular issue for businesses, where maintaining trust and control withemployeesand customers alike is paramount.
Caution is critical for finance, but it shouldn’t unfairly hold back innovation.
The technology is moving at pace, but AI shouldnt be perfect.
Based on AIs current capabilities, it should be being used to save time and money.
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The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc.
