AI and financial processes: Balancing risk and reward

All the sessions from Transform 2021 are available on-demand now. Of all the enterprise functions influenced by AI these days, perhaps none is more consequential than AI and financial processes. People don't like when other people fiddle with their money, let alone an emotionless robot. But as it usually goes with first impressions, AI is winning converts in monetary circles, in no small part due to its ability to drive out inefficiencies and capitalize on hidden opportunities – basically creating more wealth out of existing wealth. One of the ways it does this is to reduce the cost of accuracy, says Sanjay Vyas, CTO of Planful, a developer of cloud-based financial planning platforms.