Finance Teams and the Future of AI: What Will Happen to Job Security?
Finance Teams and the Future of AI: What Will Happen to Job Security?
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The future of finance teams is an ever-evolving topic, and with the rise of AI, it's become even more important to consider. The question of whether AI will take over finance roles entirely or just streamline processes is a complex one. In a hypothetical scenario presented by Gregg, where a company's finance team remains the same size over five years, we must ask ourselves: will AI eliminate roles or create new ones? While AI can provide efficiencies, it's important to balance the technology with human expertise to maintain internal controls and mitigate risks such as fraud. In the end, it's likely that some roles may be eliminated, but not to a drastic extent, with six or seven team members remaining after five years. The future of finance teams with AI remains uncertain, but it's crucial to assess the risks and opportunities to ensure efficient and effective operations.
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