“I think the more important thing is just for businesses and professionals to be experimenting and learning and just staying abreast of what’s happening across the space.” – Damon Hauenstein, Chief Financial Officer at Weel
“AI is a tool that extends us. I don’t think that, in the short term, I’m going to be replaced by an AI. But I think an AI can make me much better and much more productive.” – James Carey Director at Prime Partners
Today I am sharing a panel discussion I moderated on behalf of Weel at the Australian CFO Summit. The panellists were:
- James Carey Director at Prime Partners
- Asa Cox Founder & CEO at Arcanum.ai
- Ben Yi Proud Data Nerd
- Damon Hauenstein Chief Financial Officer at Weel
AI is such a hot topic at the moment! It was great to have a conversation with some experts, identify some practical applications and dispel some myths.
Some of the highlights from this conversation were :
- AI is here to stay in finance.
- Productivity gains are at the fingertips of everyone.
- AI is accessible to all.
- Why businesses should be open to implementing AI.
- Why businesses need to embrace AI.
- There are huge opportunities and productivity gains for finance teams.
- How to use AI.
- What is generative AI and how is it different from AI?
- ChatGPT is not a search engine x 3!
- The app store moment for AI.
- Risk, rewards, and privacy concerns of putting client data in ChatGPT.
- Will ChatGPT and AI improve their understanding of the Australian tax system?
- What are some key considerations for selecting your AI tool, and how can businesses measure success?
- From a measurement perspective, it’s all about productivity gains. Huge productivity gains.
- Experiment and don’t overthink.
https://podcasts.apple.com/au/podcast/ai-in-finance-operations-weel/id908333807
Summary of the panel discussion:
- Introducing the panel discussion.
- AI is here to stay in Finance.
- James Carey and Damon Hauenstein on generative AI.
- What’s happening in the Australian and New Zealand finance departments today
- Ben introduces himself and shares his expertise in AI.
- AI in finance operations.
- Productivity gains at the fingertips of everyone.
- AI is accessible to all.
- Why should businesses be open to implementing AI and how are they shaping financial operations?
- Why businesses should be open to implementing AI.
- Why businesses need to embrace AI.
- Huge opportunities for productivity gains for finance teams.
- Opportunities and challenges of using AI.
- What is AI and how can you use it?
- AI is a tool for people to play with.
- Microsoft power automation integration with Xero.
- Anxiety about how to best use PowerPoint.
- Practical use cases for PowerPoint today.
- How do you know if the information you’re getting is useful?
- Writing emails and emails to customers.
- The rise in American spelling.
- What is generative AI and how is it different from AI?
- What generative ai is and how it is different from AI?
- Challenges and opportunities of AI in ChatGPT.
- It’s not a search engine.
- The app store moment for AI.
- Putting comparative data in ChatGPT.
- Risks and rewards of using the tool.
- Improving understanding of the Australian tax system.
- What are some key considerations for selecting your AI tool and how can businesses measure the success?
- Processing a US tax return in ChatGPT.
- Using everyday language as an interface.
- Key considerations for selecting an AI tool.
- How to measure the success of using AI in finance.
- From a measurement perspective, it’s all about productivity.
- Time saved by AI from a measurement perspective.
- What to take away from today’s session.
- Experiment and don’t overthink.
- How can people get in contact with you on LinkedIn?
- How to connect with Damon on LinkedIn.
- Next scheduled events in the Australian CFO Summit.