Financial models are like wood sculptures: useful tools that still need human judgment. Practitioners overwhelmingly distrust AI-generated models for high-stakes decisions without independent review, valuing the hands-on work of building them.
A financial model is no different than building a wood sculpture. Financial models are just a virtual representation of something that exists in the physical, real world. If you happen to be a wood sculptor or a mason and you like working with brick, if the day arrives that a robot can show up and you can stand behind it and yell instructions and it will do perfect work, you still might not like that very much, right? Because there's something about getting your hands dirty. The next chapter we got into, trust and governance. Not a single member agreed or strongly agreed that they would be confident relying on an AI-generated model for a high-stakes decision without independent human review.
Trust and Leadership Lessons for FP&A From 100+ Top Leaders with CFO Jon Laudie
