Automation and AI will shape the finance and HR industries 

GIVEN the uncertainties in the global economy, including supply chain demand issues and ongoing war for talent, it is now more crucial than ever for organisations to leverage innovative technologies to stay relevant and become more agile amid such headwinds. Against this backdrop, the role of artificial intelligence (AI) and machine learning (ML) in business is expected to evolve as chief information officers (CIOs) partner with lines of business on automation demand, including in HR and finance.

Automate the core of finance 

Automation presents an opportunity to reduce the burden on finance executives, particularly around the foundation of traditional but repetitive activities such as transaction processing, data mining, audits, and compliance.

By enabling automation and AI as well as remodelling ML, the finance function is primed for change, becoming a strategic, value-adding function that plays a key role in the organisation’s decision-making processes and overall strategic growth. Chief financial officers (CFOs) will also have more opportunities to drive stronger finance synergy holistically across the organisation in alignment with the CIO and heads of technology.