The finance landscape is drastically changing. We are seeing increased demand from stakeholders around delivering the speed and quality of finance insights. The pace of innovation has ultimately resulted in a nearly continuous cycle, meaning integrating technology, data, and people is extremely important. Navigating the market complexities requires finance to address disruption head-on or risk being left behind by nimbler competitors. KPMG has identified these five key focus areas/pillars for the global future of finance:
Key pillars for global future of finance
Future of finance – the future is now
Adapt to thrive. Finance cannot afford to spend valuable time focusing on transactions, processing and reporting. Today, regulators, boards, commercial functions and external stakeholders expect finance to be a true business partner. Why? Because finance is in a unique position to provide the insights needed to drive real-time decision making and elevate business performance.
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Generative AI models – the risks and potential rewards
KPMG believes that generative artificial intelligence (AI) models have the potential to transform businesses through automating and executing certain tasks with unprecedented speed and efficiency. This is particularly true when human expertise and ingenuity is paired with deep understanding of how to use these programs and effectively harness their capabilities. To discover more about Gen AI and its potential, download our guide.
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