As AI rapidly becomes more prevalent across our everyday lives, finance and accounting leaders are being tasked with understanding how this technology can properly address the challenges faced by their organizations. Knowledge is power, so understanding how AI transforms ways of working while adhering to existing processes is essential to a successful financial transformation.

The most practical way to think of AI is as an umbrella term for a range of automation technologies that can simulate human intelligence by machines. AI purposes range from supporting insight and decision-making to automating highly complex processes or human interactions. These solutions fall broadly into the three categories, which we’ve outlined in the infographic below. Don’t forget to share with your colleagues and digital communities!