Now Reading: AI use in finance rises to 75%, KPMG survey finds
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AI use in finance rises to 75%, KPMG survey finds
Active AI use across finance rose from 30 per cent in 2024 to 75 per cent in 2026, according to a KPMG survey of 1,013 senior finance leaders across 20 countries and…
The Story in Brief
Active AI use across finance rose from 30 per cent in 2024 to 75 per cent in 2026, according to a KPMG survey of 1,013 senior finance leaders across 20 countries and 13 sectors. More than three-fourths of organisations use AI for financial planning, reporting and commercial analysis. Some 71 per cent said AI met or exceeded their return on investment expectations.
The report found improvements in decision-making quality, speed and forecasting accuracy. But KPMG said governance and data quality remain central to returns. Only 42 per cent of organisations were strongly ready to provide audit evidence for AI-enabled finance processes, while 36 per cent identified data quality, integration and system interoperability as their biggest opportunity for improvement.
The Indian Opinion
The loudest claims often frame AI as either a job destroyer or an instant profit machine. This survey supports neither view. Reported gains sit alongside weak assurance readiness and persistent data problems. Upskilling existing staff is more common than hiring new specialists, but that alone does not settle whether finance teams can safely trust automated decisions. The practical test is whether firms can produce reliable audit evidence while improving forecast accuracy and returns.
Source: livemint.com
This story was synthesised by AI from the source linked above.
