Source page: McKinsey & Company
August 7, 2024
Generative AI | Corporate finance | Technology
Finance functions are investing in AI and generative AI (gen AI) technologies, with the expectation that they will improve productivity and free up employees to focus on higher-value tasks.
Finance functions are investing in AI and generative AI (gen AI) technologies, with the expectation that they will improve productivity and free up employees to focus on higher-value tasks. Eighty-five percent of respondents in McKinsey’s latest CFO pulse survey say they expect AI tools to generate insights that reduce the need for manual analysis, partner Ankur Agrawal and coauthors note. For finance functions already using AI technology, 71 percent indicate the tools have boosted worker productivity, and 54 percent say it has improved the use of data for decision making.
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To read the survey, see “Toward the long term: CFO perspectives on the future of finance,” July 18, 2024.
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