ISELIN, N.J. -- JT Kostman, Ph.D., an internationally recognized leader in cognitive computing, applied artificial intelligence, and data strategy, has joined Grant Thornton LLP as managing director of applied artificial intelligence. In this new role, Kostman will lead the development and delivery of artificial intelligence, machine learning, IoT, blockchain, and advanced analytic solutions and services for the firm and Grant Thornton clients. He will be based in the firm's Iselin, N.J., office and will report into National Managing Principal of Innovation Kevin Baril. Kostman is a data scientist, mathematician and psychologist renowned for his expertise in applied artificial intelligence and cognitive computing. He boasts an impressive pedigree – having served as chief data officer and a member of the executive committee for Time Inc., chief data scientist for Samsung, and chief data scientist and big data psychologist for Aptus Insights.
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CFOs have increased their bets on artificial intelligence, machine learning, robotic process automation, analytics and blockchain as they are looking automate to boost savings, efficiency and agility, according to a Grant Thornton survey. Grant Thornton and CFO Research surveyed 378 senior finance executives from companies with revenue between $100 million and more than $20 billion. The findings reveal that CFOs are ready to invest heavily in emerging technologies as well as digital transformation. The digital transformation journey will also require CFOs to alter their mindset when it comes to technology investments. CFOs must be willing to experiment--and incur failures along the way--or risk falling behind.
Companies in the Philippines need to adopt technologies like automation and artificial intelligence to get rid of repetitive and redundant processes, a partner of business advisory firm Grant Thornton says. Grant Thornton partner Depender Kumar Depender Kumar, in his presentation during the 8th P&A Grant Thornton Business Forum in Manila, says Philippine companies, including business process outsourcing providers, are slow to embrace automation and struggle to change. "To be honest, if they [BPOs] don't change the way they do things, they will pay locally for the disruption. Most of what is done by the BPOs are repetitive. You don't need a lot of intelligence to do the work that is with you.
CFOs are planning to implement advanced technologies, including artificial intelligence, drones, robots and blockchain, at a rapid rate, according to a new survey by Grant Thornton. For the study, GT and CFO Research polled 378 senior finance executives about the ways technology is transforming nearly every division in their organization, especially the finance function. One out of four of the respondents said they use AI, compared to just 7 percent last year. Significant proportions of senior financial execs are currently implementing advanced analytics (38 percent) and machine learning (30 percent). Within two years, senior financial execs plan to roll out a battery of new technology, such as AI (41 percent), blockchain (40 percent), robotic process automation (41 percent) and drones and robots (30 percent), at their organization.