Risky Business: Which teams shouldn't use AI?

In this episode of Numbers and Narratives, hosts Ibby Syed and Sean Collins reunite with Aidan Parisian, partner at Connor Group, to explore the fascinating world of AI adoption in finance. As the podcast's first returning guest, Aidan brings his wealth of experience in data analytics to shed light on the current state of AI implementation in financial operations. The conversation takes listeners on a journey through the complexities of integrating cutting-edge technology into traditionally conservative finance departments.

The episode dives deep into the challenges faced by finance teams in embracing AI, with Aidan revealing surprising statistics about the gap between AI budget allocation and actual implementation. The hosts and guest engage in a thought-provoking discussion about the reasons behind this disparity, exploring the unique risk considerations and cultural factors that influence AI adoption in finance. Listeners will gain valuable insights into the most promising use cases for AI in finance, such as contract analysis and revenue recognition, while also understanding the limitations and potential pitfalls of AI implementation.

As the conversation evolves, the episode takes an unexpected and philosophical turn, examining the broader implications of AI and automation on society and the future of work. The hosts and Aidan contemplate profound questions about the value of human labor, the potential for AI to free up time for creative pursuits, and the ethical considerations surrounding widespread automation. 

Tune in now to expand your understanding of how AI is reshaping the financial landscape and our society as a whole.