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News » CFOs lead AI revolution in workplace operations – IDC study

CFOs lead AI revolution in workplace operations – IDC study

LONDON, UNITED KINGDOM — Chief Financial Officers (CFOs) are leading a transformative shift by integrating artificial intelligence (AI) into everyday operations. 

A recent IDC InfoBrief, sponsored by Unit4 and titled “The Path to AI Everywhere: Exploring the Human Challenges,” outlines a blueprint for this integration. 

According to the study, AI could resolve key challenges such as accelerating decision-making (26%), managing compliance and risk (24%), and reducing administrative burdens like excessive meetings and frequent reporting (22%). 

Tom Seal, Senior Research Director at IDC, emphasizes the importance of identifying and prioritizing “super use cases” that enhance efficiency, provide accurate insights, and empower finance functions to deliver significant business impacts.

Need for human-centric approach

The IDC report stresses the necessity of a human-centric approach to AI deployment, involving users in AI strategy and upskilling teams. 

Despite the potential, most AI initiatives faced setbacks in 2024, with the IDC urging CFOs to approach AI adoption as a strategic change management endeavor. This involves not only technological adoption but also fostering an organizational culture adept at leveraging AI while maintaining essential human oversight.

“The arrival of AI will help to accelerate this transition to a more strategic role, as CFOs guide their colleagues in interpreting and understanding the impact of financial information on business forecasts and results,” said Michael Lengenfelder, Global Solutions Architect FP&A at Unit4.

“Yes, roles will evolve, but finance professionals will be critical to the successful adoption of AI, ensuring it is transparent, compliant, and delivering value to organizations.”

Future finance architecture

Looking forward, the IDC envisions a decentralized finance function where AI agents operate autonomously yet collaboratively alongside human teams. 

This model hinges on the CFO’s leadership in fostering closer collaboration among senior executives and ensuring that AI tools integrate seamlessly within the finance function. Proper compliance policies and real-time analytics are crucial for executives to trust and rely on AI-driven decisions.

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