AI Emerges as Finance Decision Engine, Governance Key: KPMG

A big consulting company called KPMG asked more than one thousand finance leaders from twenty countries about how they use artificial intelligence, which is a kind of smart computer program that can help people make decisions.

Two years ago, only about three out of ten companies used AI in their finance work.

Now, about three out of four companies use it.

Most companies say AI helps them make decisions faster and better, and it helps them guess what will happen with money in the future.

Companies that started using AI in a big, advanced way do better than companies that are just getting started.

But KPMG says simply using AI is not enough.

Companies also need good rules and checks to make sure AI is used safely and can be checked, and only about two out of five companies were ready for that.

Many companies say having better data, which is the information AI learns from, would help them get even more value from AI.