February 21, 2019
Champions for Change: Why CFOs are Critical to AI Success
AI is quickly becoming common-place as the business world finally wakes up to the potential value it has to offer. A recent report by Accenture predicted that by 2022, it could add US$4.8 trillion to the global economy - including a collective 38% increase in revenues for companies that effectively adopt AI.
While the opportunities are bountiful, the magnitude of the change ahead is daunting. Klaus Schwab, the executive chairman of the World Economic Forum, argues that the emergence of technologies such as AI, machine learning, and robotics will lead to the Fourth Industrial Revolution. Others, including Bank of England governor Mark Carney, are predicting that this revolution will be the most disruptive of all given the sheer scope, scale, and speed of change.