Deciding What Tech NOT to Use: On the Bleeding Edge of AI - Finance Master (Pt.1) | Ep.055

The Adam Shilton Podcast

More goodies at www.techforfinance.com | Have you ever wondered how the fast-paced world of finance technology shapes our understanding of numbers and narratives? Finance tech maven Adam Shilton joins us for an engaging exploration into the transformative role of AI in finance and accounting. With a history that leaps from music to mastering the tech world, Adam weaves a tale of innovation, emphasizing the power of data storytelling to turn complex analytics into compelling business insights. Throughout our conversation, we navigate the forest of new AI advancements, learning how to identify the true trailblazers among them—those tools that not only intrigue but also meet rigorous industry standards like SOC2.

Our journey with Adam doesn't stop at tool evaluation; it's a deep dive into the heart of technology adoption in finance. As we peek behind the curtain of software demos, Adam dispels the myth of finance as a tech-laggard, revealing a sector that's embracing change as swiftly as any other, driven by a pandemic-prompted leap towards automation. We also examine the critical role of CFOs in championing these tech adoptions, and the importance of showcasing not just new technology, but its tangible value to the business.

The finale of our episode with Adam is a glimpse into the not-so-distant future, where AI co-pilot tools are integrated into familiar platforms like Word and Excel. Imagine the revolutionary impact of AI assisting with everything from formulas to formatting—potentially ushering in a new era of efficiency where the once-daunting becomes approachable. We discuss the potential spike in user adoption rates and stress that the reliability of these tools is paramount for enhancing trust and user experience. Join us as we unravel the many facets of AI's evolving role in finance, led by a guide who's as fluent in tech talk as he is in the language of ledgers.

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------CHAPTERS------

(00:00) AI in Finance and Accounting

(08:20) Navigating New Technologies in Finance

(13:42) Finance Software Demos and Technology Adoption

(21:50) Impact of Co-Pilot on Data Adoption

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