Leveraging AI in finance – Move from theory to practice This blog post was authored by Jim DeLoach - Managing Director, Host - The Protiviti View on The Protiviti View.Finance leaders are actively prioritising practical AI use cases that deliver near- and long-term value. And the reason is simple: the benefits of deploying AI to strengthen specific activities are proving to be well worth the investment.Why it matters: This information is important for CFOs and finance teams to make informed decisions and drive positive change in their organisations using AI tools.The potential of AI can be unlocked by leveraging existing resources and upskilling their teams. By doing so, they can drive progress on their AI journeys and achieve tangible results.What’s key: AI models can advance the analytics used to facilitate decisions and preparedness. Topics Risk Management and Regulatory Compliance Technology Enablement Leadership Hirun Tantirigama Hirun is a managing director and Protiviti Australia's technology consulting lead with 18 years’ experience in providing risk and regulatory advisory services across a variety of clients and industries. He has led complex, transformational programs across areas such as ... Learn More Rupesh Mahto Rupesh is a senior director at Protiviti Australia specialising in strategy, technology assessment and enabled execution, digital transformation, cloud migration, and application of emerging technology to business demands. He successfully leads interactions with CXO, ... Learn More Success With Generative AI Requires Balancing Risk With Reward When ChatGPT launched in November 2022, it took just two months to garner a record 100 million users and capture broad market attention. Business leaders are eager to realise the enormous potential that ChatGPT as well as other generative AI models can offer. Read more Human v. machine: Tackling artificial intelligence risks in financial institutions Based on a recent global survey of over 500 financial services professionals, AI-enabled innovation is now mission critical for the financial services industry – not surprising when the estimated annual value of AI and analytics for global banking alone has been estimated as high as $1 trillion. Read more Enabling Enterprise AI Adoption Through Next-Generation Governance Artificial intelligence (AI) has become increasingly important in the enterprise, thanks in part to the rise of generative AI (GenAI). While not a new technology or concept, AI (including machine learning) holds tremendous promise to transform various business functions and activities worldwide — from accounting and finance to cybersecurity, customer experience and more. Read more