AI welcomed by finance firms

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FINANCE professionals in Portsmouth welcome the rise of artificial intelligence, automation and robots, according to a survey by the Chartered Institute of Management Accountants (CIMA).

The results of the poll revealed that 86 per cent of CIMA management accountants in the south east support the idea of more automation if it saves time and money or helps with indecision in their organisations. This indicates that accountants regard the impact of new technologies as an opportunity rather than a threat.

Andrew Harding, CEO of CIMA, said: ‘While it’s possible to imagine a nightmare scenario where advances in technology lead to mass redundancies, finance departments in the south east have a less alarmist view. Our members believe that artificial intelligence, robots and other technologies will alter, but not destroy the jobs of accountants and other professionals.’