Companies have adopted AI with unheard-of speed. But there remains a huge gap between enthusiasm for AI and business results. A recent survey of executives found that only 6% claim to have a cutting-edge ability to derive value and P&L impact from AI.
It is not the technology that is preventing companies from deriving value from AI, but the decisions being made about how and when to employ AI—and who is making these decisions.
Finance, with its ability to ascertain value, ensure accountability, and provide an objective perspective, plays an indispensable role in making decisions about AI investments that truly pay off. By involving finance early and often, companies can transform AI from an exciting possibility into a reliable growth engine.
In this live, interactive HBR webinar, AlixPartners’ Jason McDannold, Hoyoung Pak, and Paula Walworth discussed why finance teams need to be involved in key AI decisions.
They looked at three ways finance leaders help companies make better AI choices:
• Choose the right projects
• Solve the right problems
• Ensure accountability and sustained value creation
They also focused on how, after helping companies make better decisions, finance is able to leverage its expertise to make these decisions happen.