Half of current finance artificial intelligence (AI) deployments will be either delayed or cancelled by 2024, while the use of business process outsourcing (BPO) for AI will rise from 6% to 40% within two years, according to Gartner, Inc. CFOs face major barriers to scaling up the use of AI in-house and will increasingly turn to business process outsourcing (BPO) solutions to meet their digital transformation objectives.
…“While finance departments have made reasonable progress in laying the groundwork for AI, the challenges come when attempting to scale up solutions that can manage the complexities of function-wide use,” said Sanjay Champaneri, senior director analyst in the Gartner Finance practice. “The upfront costs of building scalable infrastructure in house, and the overreliance on stretched citizen developers, will lead many CFOs to rethink their current strategies.” Read More
Daily Archives: June 8, 2022
Pentagon’s New AI Chief Vows to Crack ‘Bureaucratic Inertia’ on Tech Advances
The Pentagon’s new head of artificial intelligence wants to speed up technological modernization after an onslaught of what he calls “valid” criticism from recently departed senior leaders who expressed frustration at slow progress.
Craig Martell, who was previously head of machine learning at Lyft Inc. and Dropbox Inc. and led AI initiatives at LinkedIn, told Bloomberg News in his first interview since starting his job as the Pentagon’s chief digital and artificial intelligence officer that he wanted to make progress despite the department’s labyrinthine “bureaucratic inertia.” Read More
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