AI in Finance: From skepticism to optimism

Artificial intelligence (AI) is quickly embedding itself in the business and personal technology we use daily. AI is adept at automating repetitive processes and mastering large data volumes - issues that finance teams frequently encounter in their jobs. It promises to improve the depth and complexity of the insights Finance can access and expedite the laborious, data-heavy processes that bog them down.

Enterprise financial processes are a prime candidate for AI’s impact. But are finance teams buying in? And to what extent can we expect them to rely on AI in the future?

Our 2024 global research report explores the levels of AI adoption in Finance, how finance teams feel about AI in the workplace, and when they plan on an AI transformation. 

The CCH Tagetik 2024 global research report answers the following questions:

• Are executives confident in AI’s ability to positively impact their financial processes?
• What are common reservations about AI for Finance?
• What will the rate of AI adoption be over the next five years?
• How have early AI adopters fared?
• What do finance teams feel they need to be set up for AI success?

Study highlights:

• 56% of respondents recognize AI’s potential to revolutionize financial processes
• 52% of respondents are using AI in some capacity
• 60% of respondents view their AI deployment as successful
• 70% of respondents report their organizations are exploring AI implementation.

Explore the key insights from our research at a glance - check out our infographic for a concise overview.

Read on to explore our research on the adoption of AI in Finance.