A recent study by KPMG has shown that the use of artificial‑intelligence applications in the finance departments of companies across the United Arab Emirates is growing rapidly.
The study surveyed over 100 finance leaders, with 49 % reporting that they already have active plans to adopt AI in financial management. 59 % of firms are planning or implementing pilot AI projects, and 33 % are in the early planning or experimentation phase.
"We see a significant increase in AI integration in accounting, planning, analytics, and risk management," a KPMG representative said. "AI technologies help companies make decisions faster and increase efficiency."
The article highlights that the key drivers of growth include cost accounting, capital management, and tax optimisation. Further investment in AI within the finance sector is expected in the coming years.
