AI will not replace auditors, but empower them
Published on : Saturday 15-06-2024
A striking 77% of auditors now trust AI to deliver quality and efficiency in their roles, a notable increase from 74% in last year's report.
Amsterdam, June 13, 2024 – DataSnipper, the leading intelligent automation platform for audit and finance professionals, has released its new AI Report 2024. This in-depth report explores the transformative impact of artificial intelligence on the audit and finance industry, providing a comprehensive analysis of how AI is revolutionising workflows, enhancing productivity, and improving job satisfaction across the sector.
The audit and finance industry is in the midst of a significant transformation, driven by the rapid adoption of AI technologies. After introducing a new suite to automate data extraction from documents at scale using AI, DataSnipper's AI Report 2024 captures key trends and insights from over 150 industry professionals, offering a well-rounded perspective on AI adoption.
A striking 77% of auditors now trust AI to deliver quality and efficiency in their roles, a notable increase from 74% in last year's report. This growing trust underscores the reliability and effectiveness of AI in enhancing audit processes. As one survey participant shared, "AI has really earned our trust. It has boosted the accuracy in our work so much. It's like having an extra teammate we can always count on."
AI continues to transform the audit landscape by automating repetitive tasks, allowing professionals to focus on more complex and strategic work. An impressive 88% of respondents reported that AI helps reduce the time spent on manual tasks, up from 86% last year. The efficiency gains are undeniable, with AI enabling faster data analysis and streamlined workflows. One auditor shared, "AI has reduced our data processing time by half, allowing us to dedicate more time to client interactions and strategic planning."
Link to full press release and the report:
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