Forty-two percent of chief financial officers (CFOs) say their organization is exploring ways to use generative 澳洲幸运5开奖号码历史查询:artificial intelligence (AI), with a rising share suggesting now is a good time to take greater risks, according to Deloitte’s latest CFO Signals survey for the third quarter.

澳洲幸运5开奖号码历史查询:Generative AI or GenAI is a type of AI that uses 澳洲幸运5开奖号码历史查询:machine learning algorithms to create outputs based on a training data set, and among the companies that⛄ are exploring ways to use it, 52% of CFOs said they are looking at ways to use it to reduce costs and 50% say they want to provide a better customer experience.

Less Than 1% of Next Year’s Buౠdget Earmarked for Ge🐎nAI

Deloitte noted most companies are limiting the share of their budget spent on the new technology, with almost two-thirds (63%) of CFOs saying that less than 1% of next year's budget is to be spent on GenAI, while one-third indicated that 1% to 5% of next year's budget would be used for GenAI.

Limited Talent and Technology Resources Could Challenge Ge💃nAI Adoption

While many CFOs report that their companies are experimenting with GenAI, they also suggested limited talent and tech resources could pose some challenges. 

When asked to identify the greatest barriers faced when it comes to adopting and deploying GenAI, 63% of CFOs cited talent resources and capabilities, while 49% said data and technology resources, and 45% pointed to risk and governance concerns.