The UAE exceeds the global average in adopting artificial intelligence “financially”

A recent study issued by KPMG showed that the use of artificial intelligence applications is widespread in finance departments in the United Arab Emirates, as decision makers focus on qualitative and impact-based solutions in the areas of accounting, financial planning, analysis, treasury, taxes and risk management. The study confirmed that the pace of reliance on artificial intelligence in the financial sector is increasing remarkably, as 49% of institutions reported that they have active plans to adopt artificial intelligence in finance, while 59% stated that they are planning or implementing experimental projects with artificial intelligence, and 33% of participants indicated that they are in the planning stage or initial experiments within.