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Ninety-two percent of CFOs and top finance executives feel pressure to show that investment in artificial intelligence yields a decent return, and only 7% say their organization focuses more on AI governance than speed of adoption, Avalara discovered through a survey.
Forty-four percent of respondents are only somewhat confident they could explain the actions of an AI agent to an auditor or regulator, and 76% say their organizations lack the in-house expertise sufficient to understand how their AI operates, Avalara, a provider of AI tax compliance software, said Tuesday.
"Nearly every leader we surveyed feels personal pressure to prove these investments are delivering," Avalara Executive Vice President Jayme Fishman said in a statement. "Meanwhile, the controls, expertise and accountability meant to sit underneath them are still being built."
Worldwide spending on AI will surge 47% this year to $2.6 trillion from $1.76 trillion in 2025, according to Gartner, exceeding the gross domestic product of both Canada and Australia. By 2030, AI investment will rise 120% more to $5.62 trillion.
#pressure #investment
Ninety-two percent of CFOs and top finance executives feel pressure to show that investment in artificial intelligence yields a decent return, and only 7% say their organization focuses more on AI governance than speed of adoption, Avalara discovered through a survey.
Forty-four percent of respondents are only somewhat confident they could explain the actions of an AI agent to an auditor or regulator, and 76% say their organizations lack the in-house expertise sufficient to understand how their AI operates, Avalara, a provider of AI tax compliance software, said Tuesday.
"Nearly every leader we surveyed feels personal pressure to prove these investments are delivering," Avalara Executive Vice President Jayme Fishman said in a statement. "Meanwhile, the controls, expertise and accountability meant to sit underneath them are still being built."
Worldwide spending on AI will surge 47% this year to $2.6 trillion from $1.76 trillion in 2025, according to Gartner, exceeding the gross domestic product of both Canada and Australia. By 2030, AI investment will rise 120% more to $5.62 trillion.
#pressure #investment
3 months ago
