What should CFOs consider when deciding how to implement AI?

Recently I was the subject matter expert on a webinar hosted by CFO.com regarding Artificial Intelligence. Below is one of the questions they asked me along with my response.

Question: What factors should CFOs and other accounting/finance leaders consider when deciding whether, and to what extent, to implement AI and related software/technologies?

Answer: CFOs should consider that where we are today with AI has been decades in the making. Now after all of the advances we have the ability to use it in our businesses to:

1)     Automate repetitive mundane processes

2)     Increase visibility to things we should be paying attention to

 Accounting is going to transform from record and report to providing actionable insights and real time information for making decisions.

 You should consider what is your shortest and most risk-free path to value. You don’t need to know anything about AI if you implement a fully vetted solution.

Please reach out if you would like to discuss your particular needs. All the best…Chris

chris@AIadvisorsUSA.com