Generative AI: Use Case for Support Functions (Part 1)
Sci-Tech Snippets-13.
GenAI has reached a point where it can bring transformation across business functions. Here are the results of an in-depth survey by Bain & Company performed in July 2023.
Labor time automation by industry
Labor time automation by function
Note: For brevity, the GenAI potential apart from high is omitted. Click on the link at Deep dive to discover it.
Financial planning and analysis (Search and summarize)
Accounting/transaction processing
Control and internal audit
GenAI has a “medium” change potential in the following functions:
Capital Planning, Expertise, Treasury and Tax.
Deep Dive
How would GenAI be used in finance?
Disclaimer: The statements and opinions expressed in this blog are those of the author(s) and do not necessarily reflect the positions of Thoughtworks.
