Artificial intelligence (AI) has reached an inflection point in finance, with 76% of organisations already using it in financial planning. However, while adoption is outpacing organisations' ability to scale AI across the enterprise, the next competitive edge will depend on building AI-centric finance operating models and robust governance frameworks, as per a report by KPMG.
The report highlighted that AI delivers its greatest value in finance by enhancing decision-making rather than reducing transaction costs. However, the biggest challenge is governance.
