The AI revolution in finance: CFOs and their digital minions [Video]

Prof. Marek Kowalkiewicz, Professor and Chair in Digital Economy at the Centre for Future Enterprise, QUT Business School, explores how algorithms and artificial intelligence are reshaping our workplaces and enhancing productivity at CFO Edge.

These algorithms are influencing economic interactions and workplace dynamics, and Marek suggests companies treat these “digital allies” as essential collaborators, requiring human oversight to avoid unexpected consequences.

AI-powered algorithms have entered diverse fields—from legal services with platforms like “DoNotPay” to design, as seen with Philippe Starck’s generative chair.

Prof. Marek warns of “phantom AI,” where misunderstandings about AI’s role create mistrust between managers and employees. He advocates for AI use as a tool for augmentation, not full automation.

By balancing human and AI abilities, Marek envisions a future where algorithms act as trusted partners, amplifying human potential while remaining under watch to prevent errors and ensure accountability.

Generative AI also has a profound impact on decision-making.

Prof. Marek advises caution, especially in areas like finance where precision …