New Delhi, Aug. 6 -- Artificial intelligence (AI) has reached an inflection point in finance, with 76 per cent of organisations already using it in financial planning. However, while adoption is outpacing organisations' ability to scale AI across the enterprise, the next competitive edge will depend on building AI-centric finance operating models and robust governance frameworks, as per a report by KPMG.

The report highlighted that AI delivers its greatest value in finance by enhancing decision-making rather than reducing transaction costs. However, the biggest challenge is governance.

Noting, 76 per cent of organizations are actively leveraging AI in financial planning, it stressed, "Competitive advantage will increasingly belong to or...