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CXOInsights by CXOCIETY

PodChats for FutureCFO: How finance should embrace AI

20 Jun 2023

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Without a doubt, Artificial Intelligence is now a topic of interest among CFOs. How to properly channel this interest into the finance function remains to be seen.Gartner says: To build an AI-driven finance organization for the future will require a combination of technical and business skills that many finance teams do not have today.In today's PodChat for FutureCFO, we are joined by Mark D McDonald, Senior Director Analyst, Gartner Finance Practice, to share with us his views on how finance should embrace AI.Mark, welcome to PodChats for FutureCFO.1.       What do finance professionals think AI can do for them?2.       Should they embrace AI with caution?3.       What are the long-term implications of AI for the finance function?a.       Gartner expects future finance teams to look more like software development organisations. Why is that? b.       [AI-generation workforce] 4.       How should the CIO and traditional development respond to this?5.       What is Gartner's recommendation regarding how the CFO and finance team approach the adoption of AI into the function? Where do they start?6.       Will AI-driven finance lead to an autonomous finance function?7.       For finance teams that have adopted RPA, what knowledge/understanding should they carry forward when leveraging AI?8.       What is your advice for CFOs to best leverage AI for the finance team?

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