Generative AI in Finance: A Boon or Bust for CFOs?

Arecent report by Gartner forecasts a dramatic shift in financial management for large enterprises by 2026. Their prediction: 80% of such companies will utilize internally developed generative AI (artificial intelligence) platforms for financial tasks. This aggressive forecast challenges Chief Financial Officers (CFOs) grappling with the potential and pitfalls of this disruptive technology.

The Gartner CFO & Finance Executive Conference explores integrating generative AI within finance departments. The fierce competition among established players to develop and deploy generative AI solutions is undeniable. However, maintaining a realistic perspective on the technology’s limitations is crucial for CFOs to avoid undue excitement.