cfotechoutlook

The Quintessential Technology Source for Corporate Financial Professionals

6February 2019Contact Us:Phone:510-565-7614Fax:510-894-8405Email:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com FEBRUARY - 2019, Vol 05-01 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Copyright © 2019 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.FEBRUARY - 2019Managing EditorSarah DawsonEditorial StaffAaron Pierce Ann BennisJoshua ParkerSamikshya beheraVisualizerAmith s shiralikarArtificial Intelligence Sales*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comA Gateway for Financial StabilityAlison Samuelsalison@cfotechoutlook.com The global finance ecosystem is growing at an energetic pace owing to rapid digital transformation and the increasing investments by the public as well as private players. Adding to its success is the constant development of artificial intelligence (AI) worldwide and its pervasiveness in day-to-day life, making it easier for CFO and other experts to get to grips with the dramatic changes. While no "theoretical ceiling" exists on how far this technology will advance, researchers are confident about AI's enormous potential to reshape the world of finance and have a tremendous impact on society. With AI transforming businesses at the core, the finance sector is witnessing a significant disruption in the realm of cross-border transactions, knowledge management, and lower dependency on paper. Pushing innovation into the business infrastructures with pronounced advancements, business procedures will be augmented with machine learning, with an aim to provide the most efficient customer-focused services. Embedded deep learning will enjoy a primary area of focus among software teams as they look for options to automate onboarding activities as well as drive innovation into newer markets. Hence, the hunt for open data sources, therefore, will accelerate, serving as a constant stimulant for embedded and machine learning capabilities. The resultant rise in AI's decision-making processes also promises the secret to mitigate possible recessions. All these improvements in the AI space reflect the objectives of reduced time consumption, enhanced accuracy, and consequently higher success in financial outcomes.Alongside, the collaboration of robotic process automation (RPA) with AI is optimizing machine learning to automate mundane tasks such as invoice generation. To sum it all, financial processes are anticipating improvements in strategy and implementation of business methodologies, with AI as the backbone. It is imperative that businesses plan to integrate AI into their infrastructure to reap maximum benefits.In view of this, a distinguished panel of CIOs, CTOs, CEOs, and analysts including CFO Tech Outlook's editorial board has chosen the top 10 companies offering tailor-made and efficient Artificial Intelligence solutions. These companies provide robust solutions coupled with innovative strategies that can help businesses succeed.We present to you CFO Tech Outlook's "Top 10 Artificial Intelligence Solution Providers ­ 2019."
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