In 2022, global anxiety feels unavoidable. From climate change to the continued impact of Covid-19, we are experiencing challenges affecting everyone across the globe. Business leaders are not exempt from this fear. They are expected to build strong and resilient businesses despite adversity, so the weight of responsibility is ever-present.
It will come as no shock then, that financial anxiety and stress have increased 213% among business leaders in the UK in the last two years, with nearly nine in ten people having reported feeling greater financial fear and sadness.
Nearly a third of business leaders have been worried about bankruptcy during the pandemic, which undoubtedly leads to anxiety and fear. To conquer this and remain resilient and well-positioned for growth, leaders must focus on what they can control. When it comes to money, greater financial control means keeping on top of digital transformation. Leaders are aware that precious time is being wasted on repetitive finance tasks, taking away these resources from the strategic problem-solving issues that need attention.
So, what avenues in technology should they invest in to help ease pressure?
Technology for intelligent decision making
Robotics, AI and machine learning are key to relieving leaders of the burden of operational anxiety. In fact, 81% of UK business leaders believe organizations that don’t rethink finance processes will face more risks, including falling behind competitors, increasing stress on workers and inaccurate reporting.
When being asked to make high-level financial decisions in response to crisis, business leaders cannot afford to waste time bogged down in operational detail or process-heavy decision-making. By taking control of where energy and precious human resource is invested, more intelligent decisions can be made, alleviating fear and strengthening resilience.
Continue reading: https://internationalbanker.com/technology/easing-financial-nerves-with-artificial-intelligence/
It will come as no shock then, that financial anxiety and stress have increased 213% among business leaders in the UK in the last two years, with nearly nine in ten people having reported feeling greater financial fear and sadness.
Nearly a third of business leaders have been worried about bankruptcy during the pandemic, which undoubtedly leads to anxiety and fear. To conquer this and remain resilient and well-positioned for growth, leaders must focus on what they can control. When it comes to money, greater financial control means keeping on top of digital transformation. Leaders are aware that precious time is being wasted on repetitive finance tasks, taking away these resources from the strategic problem-solving issues that need attention.
So, what avenues in technology should they invest in to help ease pressure?
Technology for intelligent decision making
Robotics, AI and machine learning are key to relieving leaders of the burden of operational anxiety. In fact, 81% of UK business leaders believe organizations that don’t rethink finance processes will face more risks, including falling behind competitors, increasing stress on workers and inaccurate reporting.
When being asked to make high-level financial decisions in response to crisis, business leaders cannot afford to waste time bogged down in operational detail or process-heavy decision-making. By taking control of where energy and precious human resource is invested, more intelligent decisions can be made, alleviating fear and strengthening resilience.
Continue reading: https://internationalbanker.com/technology/easing-financial-nerves-with-artificial-intelligence/
