How can AI make finance more efficient?
By Cognizant
Finance and accounting have most potential for automation, report shows.
Finance and accounting have the most potential for efficiency through artificial intelligence, according to senior business leaders in a new survey.
The report by Cognizant, a consultancy, shows how robotics and machine learning can improve cost savings and make processes more efficient with data.
Other areas of cost savings are human resources, new service development and customer management, the report says.
However, organisations should look at wider opportunities with artificial intelligence - beyond cost savings.
Data generated through automation, for instance, is of great value and can help agencies predict rather than react to rapidly changing demands.
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