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CMO - Brand & Communications Strategy | Clients & Markets | Corporate Affairs | Sustainability Innovation | Board Member | Gallup Strengths Coach

🚀 AI in Finance: The Future is Now! 🔍 83% of those surveyed said they were using AI in at least some way in their financial planning and analysis, and 8 in 10 also reported prioritizing investment for AI and #GenerativeAI, according to KPMG US. This matches what we are seeing every day. Finance teams are not just preparing for the future; they're actively leveraging #AI today to transform financial operations. The combined power of finance teams and AI can truly make game changing impacts on finance functions including predictive analytics, data mining, scenario modeling, and process automation. Some key impacts: 📊 Enhancing Forecast Accuracy: AI's predictive capabilities are transforming finance. With intelligent forecasting powered by extensive data and complex scenario modeling, organizations are achieving over 60% improvements in forecast accuracy. The more data these tools process, the smarter they become! 🚀 Elevating the Finance Teams: AI is freeing up the finance functuon to focus more on strategic analysis and less on routine tasks. Leading-edge teams are tripling their time spent on analytics and decision support, evolving from traditional finance roles to strategic business partners. This powerful synergy between AI and finance not only boosts efficiency and accuracy but also sets the stage for pioneering advancements in the sector. Explore the extraordinary capabilities of AI-enabled finance teams and learn how they are redefining the future of business. https://lnkd.in/e3gBtamx #KPMGFinanceTransformation #FinanceTrends #DigitalTransformation

6 superpowers of the AI-enabled finance team

6 superpowers of the AI-enabled finance team

kpmg.com

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