BCG news: Key Takeaways Now is the time for CFOs to learn about the applications of generative AI

Key Takeaways

Now is the time for CFOs to learn about the applications of generative AI that will have the most impact and prepare to capitalize on emerging capabilities.

• Finance teams are currently using the technology to augment existing processes by creating text and conducting research.
• Looking ahead, generative AI “copilots” will work alongside finance professionals to transform core processes, reinvent business partnering, and mitigate risks.
• The adoption of generative AI in finance functions entails challenges, however, including accuracy and data security and privacy.