Navigating the Role of AI in Finance: Insights and Strategies from Jan Gilg

Navigating the Role of AI in Finance: Insights and Strategies from Jan Gilg

I hope this message finds you well.? CXO Spice is back!

I had the honor of exploring the role of AI in finance topic in a panel discussion with Jan Gilg , President and Chief Product Officer of Cloud ERP at SAP Sapphire earlier in June. Our conversation was well-received, and I’m excited to continue this discussion on CXO Spice.

Here are the key takeaways from our discussion:

AI's Role in Reshaping Finance:

  • Transitioning CFO roles from operational to strategic
  • Automating routine tasks to focus on value-added analysis
  • Enhancing customer satisfaction through AI-powered shared services

Ethical AI and Compliance:

  • Integrating responsible AI practices into financial decision-making
  • Navigating regional regulatory differences
  • Prioritizing data privacy and mitigating bias

Balancing Technology and Culture:

  • Implementing change management for effective AI adoption
  • Building trust and fostering a culture of innovation
  • Starting small and iterating for sustainable AI integration

An insightful quote from Jan Gilg resonated with me: "For me, I haven't really seen in our customer base that this threat is so much that jobs are being taken; it's really more shifting the scope of the job. And many employers actually embrace that, especially in finance departments, because they don't necessarily want to spend so much time on number crunching." This perspective aligns with my own experience of transitioning from finance to technology.

Jan’s insights into leveraging AI for competitive advantage while maintaining ethical standards were truly invaluable. His practical advice for CFOs and CIOs on starting AI automation provides actionable guidance for those navigating this evolving landscape.

You can watch the full episode of our discussion here: https://www.youtube.com/watch?v=Wp0gIUU48qQ&t=85s

Thank you for being a part of #CXOSpice community. I look forward to sharing “the State of Cybersecurity” with you in the upcoming newsletter!

Giovanni Sisinna

??Portfolio-Program-Project Management, Technological Innovation, Management Consulting, Generative AI, Artificial Intelligence??AI Advisor | Director Program Management @ISA | Partner @YOURgroup

2 周

Very insightful, Helen Yu. The shift in finance from routine tasks to value-added analysis through AI automation is key for strategic growth. Starting small for sustainable integration is excellent advice.

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Astrik Mkrtchyan

Co-Founder & CEO at Wavess I The first predictive AI for marketing I Ex-MIT EFF I Ex Berkeley SkyDeck

4 周

Helen Yu, I see AI shaping the future of finance by making financial education more accessible. AI can help create content that's easier to understand and absorb, simplifying complex financial topics and helping people make smarter decisions with real-time insights.

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Thomas Cross

CEO ChannelAI.TV - ChannelPartner.TV - ChannelMarket.TV - AIUserForum.com - SocialStreamingTV.com

4 周

Very Cool Helen Yu !

Clare Henry

Global Vice President Analyst Relations at SAP

1 个月

Great discussion between Helen Yu and Jan Gilg

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