AI benefits may take time; CFOs should still push for investment
With proper preparation and enablement, artificial intelligence is a worthwhile investment CFOs should champion.
By Jim Caci, CFO AvePoint
Today, most leaders agree generative AI will benefit their organizations, and early research shows that AI adoption has been broad and swift across different sectors of the economy. In one new international study, for example, 76% of organizations said that they were already using AI in some capacity and this number is expected to grow.
Exact estimates about the benefits of AI vary, but the World Economic Forum suggests it may add over $15 trillion to the economy. McKinsey, meanwhile, is much more conservative, and projects that AI will generate anywhere between $2.2 and $4 trillion per year in corporate profits. Even though estimates vary by trillions of dollars, the financial benefits of AI are expected to be immense. Profits will grow as companies learn how to maximize the value of their AI investments.
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