Artificial intelligence is integrated into the financial processes of companies

By: Trademagazin Date: 2024. 07. 18. 11:39

There is no area of company operation that is not affected by the use of artificial intelligence. “The question is not how many people’s work will be replaced by AI, but how much more efficiently all those who use the support of AI for their work can work,” says Balázs Németh, head of innovation at K&H.

“Centaur or Cyborg?” – this question seems to be of concern to those whose work process is increasingly integrated with the use of artificial intelligence. A centaur is a human being that is completely fused with something non-human, but combines the best qualities of both. A cyborg is a human-like robot that copies many things about humans, but knows as much and only as much as a programmed machine. “In this sense, centaurs are primarily needed to improve the efficiency of work processes,” Balázs says. He adds: “We need professionals who naturally rely on the limitless possibilities provided by AI, so that they can utilize their expertise, experience and creativity even more effectively”. Corporate finance is an area in particular, where so much data flows together that their cleaning, unification, aggregating them requires considerable time and human work, and diverts energy from comprehensive analyzes that improve efficiency. In the first round, AI replaces precisely these mechanical, repetitive and time-consuming jobs.