Too Long; Didn't Read
CFOs must be open to empowering their finance team with AI-based technologies for increasing efficiency and improving the finance department's processes cost-effectively. The exploration and integration of advanced AI technologies into businesses into businesses will not only help in generating better outcomes and benefits but will also assist organizations in tackling more complex problems. The adoption of AI into business in the sense of improving governance and compliance can also help organizations reduce risk and increase ROI. According to McKinsey & Co, advanced AI can provide $1.7 trillion in annual value to the retail industry.