Why machine learning is a CFO's dream tool

As if the big data hype of the recent years wasn't enough, artificial intelligence (AI) is now taking over the scene: the media paints pictures of an AI revolution in the consumer world; there are professional AI conferences for every business area; more and more companies now position themselves as AI-based, or have announced their newly-formed AI strategies. Of course, this has spurred c-level executives across multiple industries to ask themselves this question – "what does the AI hype mean for me and my company?" As so often happened with big data projects, the CFO will wonder whether this new technology will become yet another IT spend that carries no clear financial outcome. Well, we have some good news. When implemented properly, AI is actually the CFO's best friend.