How To Improve Your Finance Operation's Efficiency With Generative AI
IBM News, Friday, June 23, 2023
While you may have learned about generative artificial intelligence (AI), you may not know what it means for the future of Finance and Accounting (F&A). As the name suggests, it generates images, music, speech, code, video or text, while it interprets and manipulates preexisting data
For F&A leaders, this means that it may have the ability to transform financial data, such as business performance reports, commentary and narratives. Though AI adoption may seem daunting, the flexibility and scalability of emerging foundational models will most certainly accelerate AI adoption as enterprises are empowered to put AI to work at the strategic core of F&A processes.
As you encounter new generative AI solutions and unique AI foundation models for F&A, you may find yourself overwhelmed by all the options. It will be important for you to be selective and confident that the model you choose can effectively accelerate adoption and reduce time to value for your F&A use case overall.