Finance Is Lagging When It Comes To A.i., According To An Expert

Tom Davenport, Babson College professor and coauthor of the book, “All-in On A.I.”, believes that finance is in danger of becoming laggards in the area of A.I. and automation. During Fortune’s Emerging CFO virtual event, Davenport was joined by Katie Rooney, CFO at Alight, and Vanessa Kanu, CFO at TELUS International. They discussed the use of traditional technologies such as machine learning, predictive analytics, and RPA in finance. Generative A.I. has potential use cases in finance, but it is mainly used by analysis-oriented companies like hedge funds and investment organizations. Davenport also discussed the importance of data and accountability when it comes to A.I.