AI & profitability: Transforming finance management with AI

Last year, businesses across India faced numerous challenges to adapt quickly to the changing way of work. Digital transformation and adoption of the latest technologies have helped immensely during such dynamic times, with digital solutions aiding businesses in maintaining viability and operational productivity. For some, Artificial Intelligence (AI) was the solution to quickly replicate tasks and processes that were formerly done by people. More finance departments started to lean on AI and machine learning (ML) algorithms to make quick decisions backed by near real-time financial transparency to meet their business needs.