Artificial intelligence (AI) is no longer an experimental technology—it is a foundational capability reshaping how enterprises operate, compete, and scale. From automating complex financial processes to modernizing IT service delivery, AI is enabling organizations to achieve higher efficiency, better decision-making, and improved business outcomes. According to insights from The Hackett Group®, organizations that adopt AI strategically can significantly outperform peers in cost efficiency, productivity, and agility.
As enterprises accelerate digital transformation, AI’s impact is most visible in two critical functions: finance and IT.
The Strategic Role of AI in Modern Enterprises
AI combines machine learning, natural language processing, and advanced analytics to process vast amounts of structured and unstructured data. Unlike traditional automation, AI systems continuously learn, adapt, and improve outcomes over time.
Why AI Adoption Is Accelerating
Several factors are driving rapid AI adoption across enterprises:
- Growing data volumes that exceed human processing capacity
- Pressure to reduce operating costs while improving service quality
- Demand for real-time insights and predictive decision-making
- Advancements in cloud computing and generative AI models
These forces are pushing finance and IT leaders to rethink operating models and embrace AI-led transformation.
AI in Finance: Driving Accuracy, Speed, and Strategic Value
Finance functions are under constant pressure to close books faster, improve forecasting accuracy, and support strategic decision-making. AI in finance is helping organizations move beyond manual, rules-based processes to intelligent, insight-driven operations.
Core Benefits of AI in Finance
AI enables finance teams to:
- Automate transaction-heavy processes such as accounts payable, receivable, and reconciliations
- Improve forecasting accuracy using predictive and prescriptive analytics
- Detect anomalies, fraud, and compliance risks in real time
- Enhance working capital management through intelligent cash flow analysis
According to The Hackett Group®, top-performing finance organizations increasingly use AI to shift focus from transactional work to value-added analysis and business partnering.
Key Use Cases of AI in Finance
Intelligent Financial Planning and Analysis (FP&A)
AI-powered models analyze historical and real-time data to generate rolling forecasts, scenario simulations, and predictive insights—enabling finance leaders to respond faster to market changes.
Automated Close and Reporting
AI reduces manual journal entries, accelerates close cycles, and improves data accuracy, allowing organizations to achieve faster and more reliable financial reporting.
Risk, Compliance, and Controls
Machine learning algorithms continuously monitor transactions and controls, identifying risks and exceptions earlier than traditional audit approaches.
Gen AI in IT: Modernizing Technology Operations
IT organizations play a critical role in enabling enterprise-wide AI adoption. Gen AI in IT is transforming how IT teams manage infrastructure, support users, and deliver digital services.
How Generative AI Enhances IT Performance
Generative AI helps IT functions:
- Automate incident management and service desk interactions
- Improve application development through AI-assisted coding and testing
- Optimize infrastructure monitoring and predictive maintenance
- Enhance cybersecurity by identifying threats and vulnerabilities faster
The Hackett Group® highlights that AI-driven IT organizations achieve higher service quality at lower cost by shifting from reactive to proactive operations.
Practical Applications of Gen AI in IT
AI-Powered IT Service Management (ITSM)
Generative AI enables intelligent virtual agents that resolve common service requests, reduce ticket volumes, and improve employee experience.
Smarter Application Development
AI tools assist developers by generating code suggestions, identifying bugs, and accelerating testing cycles—reducing time to market.
Predictive IT Operations
AI analyzes system logs and performance data to predict outages and capacity issues before they impact the business.
The Synergy Between Finance and IT AI Initiatives
Successful AI adoption requires close collaboration between finance and IT. Finance provides the business context and value metrics, while IT ensures scalable, secure, and reliable AI platforms.
Key Success Factors
Organizations that succeed with AI typically:
- Align AI initiatives with clear business outcomes
- Invest in high-quality data and governance frameworks
- Upskill finance and IT talent to work alongside AI tools
- Adopt a phased, use-case-driven implementation approach
The Hackett Group® emphasizes that AI maturity is achieved through disciplined execution, not isolated pilots.
Looking Ahead: AI as a Competitive Differentiator
AI will continue to redefine enterprise performance over the next decade. Finance functions will become more predictive and advisory, while IT will evolve into an intelligent service provider powering digital innovation.
Enterprises that leverage AI strategically—guided by proven benchmarks and insights from The Hackett Group®—will be better positioned to navigate uncertainty, optimize costs, and drive sustainable growth.