NovaTech AI Insights | How Beneficial AI Is for Finance Professionals
24
2024-05-24
AIFinance
This session will focus on "AI from the Perspective of Enterprise Finance." Let's summarize together how AI technology has changed enterprise finance and how AI empowers finance.
"Technological Democratization" and "Technological Equity"
Firstly, the changes brought by AI technology are enormous. For individuals, we can deeply feel the "technological equity" and "technological democratization" brought by AI. We not only experience the popularization of technology and knowledge but also have equal access to and the ability to learn it. For example, in education and training, information acquisition, communication, and collaboration.
For enterprises, the advent of AI has made corporate goals clearer and processes more efficient. Every member of the enterprise can feel the efficiency brought by AI in liberating our hands and allowing us to focus our efforts on more meaningful tasks.
"Transformation of Management Models"
The application of AI in management models is evolving rapidly, and its impact on enterprise management will become increasingly profound in the future. For example, data analysis and decision-making support, management of corporate relationships, and strategic planning of enterprises.
No.1
A Change in Perspective
AI is not our competitor but a highly capable assistant. When we need to make decisions, we can leverage AI's powerful cognitive and data analysis capabilities to assist us. This allows us to fill gaps and ensure that our decisions are correct and effective.
No.2
A Change in Working Methods
In the past, when we had questions, we might have used search engines to find answers. However, with AI, we can utilize its extensive knowledge base to directly obtain the answers we want, greatly reducing the time wasted on searching and selecting.
No.3
A Change in Capability Requirements
The shift from "I do" to "I let AI do" implies a change in identity and a transformation in our capabilities. First, we need to view AI with a managerial perspective, treating it as our subordinate. How can we ensure that AI works efficiently and with high quality? This poses certain requirements for our capabilities.
Moreover, we need to understand AI's strengths and weaknesses. How can we use AI's strengths to assist us in our tasks?
Changes Brought by AI in Finance
AI Assistant for Finance Professionals
Enhanced Decision-Making Quality
Data Integration and Correlation
Dynamics 365 ERP with Copilot Business Process Automation
Integration of Enterprise Domain Knowledge Base
These are the summaries and insights from this sharing session.
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