AI-sourcing vs Out-sourcing: How to Solve Your Problems With Bots - Finance Master (Pt. 2) | Ep. 057

Tech for Finance

More goodies at www.techforfinance.com | Listen in as we explore the dynamic intersection of artificial intelligence and finance, a domain that's rapidly evolving from its nascent stages of predictive analytics to the sophisticated applications of generative AI. We kick things off by discussing the breadth of AI tools now accessible to businesses big and small. From chatbots that can whip up Excel formulas to those that offer financial benchmarking, we cover how AI is not just for the big players anymore. Our conversation reveals how even individuals can harness these technologies for tasks like general ledger data analysis, making month-end processes a breeze and empowering problem-solving like never before. Join us as we delve into the cutting-edge integration of FP&A tools with AI platforms, taking inspiration from the groundbreaking work of finance trailblazers like Glenn Hopper. We get into the nitty-gritty of creating data visualizations through simple text commands and how live data feeds are reshaping financial forecasting. The discussion unveils the newfound agility in setting AI context and the concept of AI sourcing, which is set to redefine workforce optimization. Whether you're a finance professional or just curious about the industry's future, this conversation sheds light on the transformative capabilities of machine learning algorithms in data analysis and visualization. Wrapping up our episode, we ponder the future of AI in the finance sector and the implications for professional roles. As the industry adapts, we highlight the importance of upskilling and adopting a present-focused mindset to ease anxiety around technological advancements. Our advice to finance professionals is to embrace these tools to amplify their capabilities and productivity. Finally, we pay homage to thought leaders like Adam Shelton, who guide us through the ever-changing landscape of technology and finance, emphasizing the significance of community and early support in our collective learning journey. Tune in for a thought-provoking discussion that will leave you inspired to experiment with and integrate new technologies into your professional toolkit. ------SHOW NOTES------ Subscribe to the 'Tech for Finance' Podcast - https://pod.link/1628188164 Subscribe to the 'Finance Master' Podcast - https://audioboom.com/channels/5086131-financemaster ------CHAPTERS------ (00:00) AI Adoption in Finance (08:01) AI for Data Visualization and Analysis (19:57) Future of AI in Finance (25:01) Following Adam Shelton on Online Bin Subscribe to the Newsletter at - https://newsletter.techforfinance.com