The advent and ever-increasing popularity of artificial intelligence has re-ignited the age-old debate of “humans vs. machines.” With tools like ChatGPT and Midjourney emulating what humans have been doing for decades, the war between AI and humans has only intensified with time.
However, the only way organizations can make the most of technologies like AI is by teaming them up with humans. Artificial intelligence without human involvement will be superficial, inconsistent, and borderline dangerous. Especially when it comes to integrating AI into the realm of finance, companies cannot take the risk of leaving it all to the machines.
The Growing Relevance Of AI In Finance
Finance, just like any other industry, is benefitting a lot from AI. From chatbots giving prompt resolutions to complicated algorithms making forecasts, the scope for AI integration in Finance is huge. While the potential of modern technologies to leverage financial processes is huge, it is important for organizations to be mindful of matters like data security, identity fraud, choosing suitable tools, tending to the company culture, and more.
Building A Human-centric AI Team In Finance
Neither replacing humans with machines nor resisting the switch to AI is a healthy option for organizations to streamline their financial processes. The only way to get the best of both worlds is to build a human-centric AI team. This involves acknowledging job positions revolving around AI development/operation and hiring suitable candidates to ensure the optimum and ethical use of AI.
Ideally, an AI-centric team should comprise AI specialists responsible for creating and deploying the right algorithms, data scientists responsible for understanding complex information, and business analysts responsible for ensuring that modern advancements are in sync with an organization’s core objectives.
Here are a few important reasons why a human-centric AI team is important to streamline modern financial processes:
Improving Speed With Context
While the use of AI-driven tools allows finance leaders to perform their tasks faster and more effectively, human involvement gives them the right context behind every action they perform and the tools they use. This prevents mishaps and increases the accuracy of your financial processes.
Handling Complex Data With Finesse
While an AI tool can process complicated datasets, they are nothing but random bits of information if not interpreted and managed effectively by humans. A human-centric AI team lets a finance team make the most of complicated data and extract valuable insights from the same with finesse.
Creating Robust Financial Plans
We haven’t reached the stage in tech evolution where we can fully depend on AI to create our financial plans. While an AI tool can give you a generic plan, it will never be in tune with your organization’s inherent goals. A human-centric AI team gives machines a sense of direction by creating personalized financial plans for their organization.
Use The Right Blend Of AI And Human Talent To Leverage Your Financial Processes With VIZIO
If you are yearning for the sweet spot that gets you the best of AI and human talent, VIZIO helps you implement software solutions for your human-centric AI team in finance. We help you make the most of modern technologies and tailor modern solutions to your finance team’s needs without ignoring the irreplaceable human skills.