Artificial intelligence (AI) is rapidly becoming integrated into the business and personal technologies we use every day. AI knows how to automate repetitive processes and master large volumes of data – problems that finance teams frequently encounter in their work. It promises to improve the depth and complexity of information that finance can access and speed up laborious, data-intensive processes that bog them down.
Business financial processes are prime candidates for the impact of AI. But are the financial teams on board? And to what extent can we expect them to rely on AI in the future?
Our 2024 Global Research Report explores AI adoption levels in finance, what finance teams think about AI in the workplace, and when they are considering an AI transformation.
The CCH Tagetik Global Research Report 2024 answers the following questions:
- Do executives have confidence in the ability of AI to have a positive impact on their financial processes?
- What are common reservations about AI for finance?
- What will the adoption rate of AI be over the next five years?
- How did the first adopters of AI behave?
- What do finance teams need to put in place to succeed in AI?
Highlights of the study:
- 56% of respondents recognize Al’s potential to revolutionize financial processes
- 52% of respondents use Al to some extent
- 60% of respondents consider their AI deployment successful
- 70% of respondents say their organization is exploring AI implementation.
See the key findings from our research at a glance – check out our infographic for a concise overview.
Read on to learn about our research on AI adoption in finance.