A recent survey reveals a seismic shift in the financial landscape: artificial intelligence (AI) adoption in controllership roles is projected to double in the next five years. This rapid growth underscores AI's transformative power in financial management.
The survey, conducted among financial executives, highlights the increasing reliance on AI-driven tools for financial planning, analysis and decision-making. Controllership roles, responsible for financial governance and compliance, are embracing AI to enhance efficiency, accuracy and strategic insights. AI streamlines financial processes, improves forecasting and risk management, and ensures regulatory compliance.
By 2029, AI is expected to play a pivotal role in financial decision-making, with a significant majority of respondents anticipating extensive AI integration. Industry experts cite the benefits of AI-driven automation, predictive analytics and data visualization, revolutionizing financial operations.
As AI assumes a central role in financial management, professionals must adapt. Upskilling and reskilling will become essential for controllers to effectively harness AI's potential, unlocking new efficiencies and strategic capabilities.
The financial sector's AI revolution is underway, transforming controllership roles and redefining the future of financial management.
