cfos driving the business of tomorrow … the ai story today · traditional finance pyramid –ai...
TRANSCRIPT
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CFOs driving the business of tomorrow … The AI Story today
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Business Consulting Services
FACT3
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Business Consulting Services
A glimpse into the very near future…4
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Business Consulting Services
Artificial Intelligence is already in our Daily Lives through…5
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Business Consulting Services
6
H u m a n s e x c e l a t :
Compassion
Dreaming
Abstraction
Imagination
Morals
Generalization
C o g n i t i v e S ys t e m s
e x c e l a t :Common Sense
Locating Knowledge
Pattern Identification
Eliminating Human Bias
Operating Endless Capacity
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AI forges a new partnership between man and machine
Source: IBM Reinventing Business in the cognitive era.
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But what is AI…7
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Artificial Intelligence is the science and engineering of
making intelligent machines, especially intelligent computer
programs.
John McCarthy (1955), father of AI
Artificial intelligence (AI) is intelligence exhibited by machines. In computer
science, the field of AI research defines itself as the study of "intelligent
agents”.
Artificial intelligence is technology that appears to emulate human
performance typically by learning, coming to its own conclusions, appearing to
understand complex content, engaging in natural dialogs with people.
The capability of a functional unit to perform functions that are generally
associated with human intelligence such as reasoning and learning. (ISO/IEC
2382-28:1995)
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AI is not new! What about ML and DL?8
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Source: nvidia - What’s the Difference Between Artificial Intelligence, Machine Learning, and Deep Learning?
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Why the hype now?9
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“Expect AI to supplement, not supplant, the insight the human mind brings to
complex problem-solving.”Henri Steenkamp, CFO of Saratoga Investment Corp.
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Technical Feasibility of Automation11
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Source: Mckinsey – Where Machines Could Replace Humans and Where they can’t yet
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CFO Function leveraging AI applications for …12
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Managing Risk
Accounting – Inter
company reconciliation
Financial Planning and
Analysis
Accounts Payable
Decision Making
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Traditional Finance Pyramid – AI Transforming CFO’s Focus13
Strategy
Reporting
Controls
Transaction Processing
Strategy
Reporting
Controls
Transaction
Processing
Source: www.cfoinnovation.com: The CFO’s new world
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The “new” CFO areas of focus14
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Culture
Organization
Capabilities
Strategy and Vision
The vision and goals that are in
place to meet digital business
aspirations for the short and long
term.
The systems, tools, digital skills, and
technology to achieve digital goals.The structure, processes, and talent
supporting execution of the digital
strategy.
The mind-sets and behaviours
critical to capture digital
opportunities, especially through
training and knowledge sharing.
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Business Consulting Services
Chrysostomos Kridiotis
Director, Business Consulting Services
: chrysostomoskridiotis
: @c_kridiotis