Are you ready to unlock the full potential of AI in accounting and finance? How can Azure OpenAI revolutionize the way financial professionals work?
In this special bonus episode of the Accounting Influencers podcast, Rob Brown explores the world of artificial intelligence with Microsoft experts Jas Brar and Matt Quinn. The conversation explores how AI, particularly Azure OpenAI, is transforming the accounting and finance sector, offering new opportunities for efficiency, insight, and value creation.
Jas and Matt discuss the evolution of AI from traditional rule-based systems to more sophisticated generative AI, emphasizing how these technologies can augment human capabilities rather than replace them. They address common concerns about data security and privacy, explaining how Azure OpenAI provides a secure environment for businesses to leverage AI while maintaining control over their sensitive information. The experts also offer practical advice on how accounting professionals can start incorporating AI into their work, from using productivity tools like Copilot to partnering with IT teams for more complex implementations.
Key Takeaways:
✓ AI is evolving from rule-based systems to more sophisticated, context-aware models
✓ Azure OpenAI offers secure, private AI capabilities for businesses
✓ AI can help accountants shift from data crunching to more strategic, value-added activities
✓ Starting with productivity tools like Copilot can help professionals become comfortable with AI ✓ Successful AI implementation requires considering technology, processes, and people
Quotes:
“I’d rather flip that on its head and that way, you know, I’m more confident in the decision we would want to make based on spending more time getting to the roots of different scenarios on the table.” – Jas Brar
“Always start with why, right? How do you think about what, why would I use this technology? It’s not technology for technology’s sake.” – Matt Quinn
Chapters and Timestamps:
03:40 – Evolution of AI in accounting and finance
09:40 – How AI complements accountants’ work
14:00 – Azure OpenAI and data security
20:40 – The future of AI in accounting
26:50 – Overcoming barriers to AI adoption
29:40 – Call to action for accounting professionals
_________
The Accounting Influencers Podcast is for accountants, bookkeepers, finance professionals and those who lead, work in, and serve them. Hosted by Rob Brown and special guests who are influential within their field, the podcast covers topics such as leadership, business growth, technology and automation, diversity and career development. Join the accounting influencers conversation at one of our virtual speed networking events for influential leaders and professionals in the accounting, finance and tech world:
https://accountinginfluencers.com/events
source