AI excels at narrow tasks like moving data between systems, work that robotic process automation already handles. But confidence in AI's abilities is outpacing what it can actually do. The real question is whether AI can climb from data manipulation toward genuine understanding.
Are we all going to lose our jobs? Are we going to be replaced by robots? But to me right now, I see AI being very good at specific tasks. And if your sole function was to swivel chair data from one system to another, was ready for automation for a number of years now. Cliff Stoll has a quote that I use all the time, and I use it sort of inversely to the way he said it, because I think that as AI gets better, it moves up the chain. But the quote is, data is not information, information is not knowledge, knowledge is not wisdom, and wisdom is not understanding. So I picture AI just kind of getting at it like the automation, RPA did some level of transforming data we could do, and we're kind of moving up.
Trust and Leadership Lessons for FP&A From 100+ Top Leaders with CFO Jon Laudie
