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Yahoo
30-05-2025
- Business
- Yahoo
Finance leaders plan sixfold increase in agentic AI: Wolters Kluwer
Wolters Kluwer has released survey findings highlighting the adoption, future plans, and drivers of artificial intelligence (AI) in the finance sector. The survey indicates that while 6% of finance leaders currently use agentic AI, 38% plan to adopt it within the next 12 months, leading to 44% utilisation by 2026, a 600% surge. Economic volatility has prompted 67% of finance leaders to use AI for the first time in Financial Planning & Analysis (FP&A). Additionally, 14% plan to increase AI adoption due to the current economic climate, and 8% intend to maintain their AI usage levels. Regarding team resources, 33% of respondents are considering hiring new members to manage economic volatility, while 24% are contemplating restructuring. However, 22% of finance leaders acknowledge lacking optimal team resources but are unable to implement changes. AI skills are deemed crucial by 85% of finance leaders when recruiting for their finance function, with 11% viewing these skills as essential. Data readiness is identified by 44% of respondents as a primary driver for increasing AI adoption. To facilitate this transition, Wolters Kluwer has introduced a Learning Hub to enhance AI fluency and data proficiency among finance professionals, aiming to optimise technology and boost productivity. Increasing accuracy and reducing human error are cited by 40% of finance leaders as key advantages of AI adoption, while 36% highlight efficiency and productivity gains. In terms of efficiency, 42% of respondents expect to save 10% of working time (26 days) through AI usage in the next year, allowing for a greater focus on strategic outputs. Additionally, 24% anticipate a 20% timesaving (52 days), and 22% expect a 5% timesaving (13 days). Wolters Kluwer Corporate Performance & ESG CEO Karen Abramson said: 'At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. 'We have evolved Ask AI to an embedded super agent; it now mobilises cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate.' The survey, conducted with 392 finance leaders on 21 May 2025, took place during CCH Tagetik inTouch25, an annual conference on corporate performance management innovation. Earlier in 2025, Wolters Kluwer released a study on accounting and taxation trends. "Finance leaders plan sixfold increase in agentic AI: Wolters Kluwer " was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
New survey from Wolters Kluwer reveals finance leaders plan to increase agentic AI adoption by 6x in next 12 months
NEW YORK, May 28, 2025--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, has released compelling survey findings on the current levels of adoption, future plans and key drivers related to Artificial Intelligence (AI) in the office of the CFO. The survey shows that while 6% of finance leaders are currently employing agentic AI, a further 38% intend to adopt agentic AI in the next 12 months. With 44% of finance teams set to be using agentic AI in 2026, this represents an increase of over 600%. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: "At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. We have evolved Ask AI to an embedded super agent; it now mobilizes cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate." Additional survey findings and announcements from CCH Tagetik inTouch 25: Finance leaders turn to AI and new hires to manage economic volatility As a result of economic volatility, 67% of finance leaders reported that they would be using AI for the first time for Financial Planning & Analysis (FP&A). A further 14% of respondents plan to increase their AI adoption due to current economic volatility, and 8% plan to continue their AI usage. When looking at team resources and structure, 33% of respondents said they will consider hiring new team members to manage economic volatility, with 24% considering restructuring. Notably, 22% of finance leaders shared that they did not have the optimum team resources and structure but were unable to make changes. Unlocking the potential of AI through hiring and data readiness The survey showed that 85% of finance leaders would consider AI skills as important when recruiting for their finance function, with 11% considering AI skills to be of essential importance. 44% of respondents identified data readiness as the key driver for increasing AI adoption. 25% highlighted the need for AI-powered corporate performance management (CPM) technologies and 23% cited the need for AI training. To support this shift, Wolters Kluwer has launched a dedicated Learning Hub designed to help finance professionals build skills including greater AI fluency and data proficiency – empowering them to optimise our innovative technology and drive productivity. Efficiency and accuracy, the key advantages of AI adoption 40% of finance leaders cited increasing accuracy and reducing human error as the key advantage of AI adoption, with 36% identifying efficiency and productivity gains as the primary benefit. Focusing on efficiency and productivity, 42% of respondents reported they expected to save 10% of working time (26 days) through AI usage in the next 12 months, enabling a greater focus on strategic outputs. 24% expected to see timesaving of 20% (52 working days) and 22% expected to save 5% (13 working days). To help facilitate higher productivity in familiar tools, Wolters Kluwer has launched a new Excel 365-based experience within its Intelligent Analytics solution. This new capability evolves the widely used cell-based retrieval approach, providing the necessary comfort for users coming from SmartView or similar tools. The add-in is designed to accelerate productivity for finance teams without disrupting the way they work. What makes it stand out is the seamless integration of Ask AI, which enhances the experience with natural language interaction: users can now pull data from CCH Tagetik and shape analysis-ready visualizations as needed. The award-winning, AI-powered CCH® Tagetik Intelligent Platform digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. At the heart of this evolution is Ask AI—an emerging super agent that embodies Agentic AI with a Finance Brain™. Designed to address finance-specific needs, Ask AI supports a growing range of use cases: from self-service analytics through natural language–driven data exploration and visualization, to tasks execution with diagnostic checks for financial close and consolidation, and intelligent assistance in configuring data transformation processes. The survey was conducted with 392 finance leaders on May 21, 2025, during CCH Tagetik inTouch25, an annual conference focused on innovation in corporate performance management. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. View source version on Contacts Media Contact Sarah WhybrowAssociate Director, External CommunicationsCorporate Performance & ESGWolters KluwerMob: +44 7855 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
New survey from Wolters Kluwer reveals finance leaders plan to increase agentic AI adoption by 6x in next 12 months
NEW YORK--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, has released compelling survey findings on the current levels of adoption, future plans and key drivers related to Artificial Intelligence (AI) in the office of the CFO. The survey shows that while 6% of finance leaders are currently employing agentic AI, a further 38% intend to adopt agentic AI in the next 12 months. With 44% of finance teams set to be using agentic AI in 2026, this represents an increase of over 600%. Karen Abramson, CEO of Wolters Kluwer Corporate Performance & ESG, said: 'At Wolters Kluwer, we are committed to continuous innovation for the office of the CFO. Last year, we launched the market's first AI-powered corporate performance management platform - the CCH Tagetik Intelligent Platform with Ask AI. We have evolved Ask AI to an embedded super agent; it now mobilizes cutting-edge agentic technology across multiple use cases, including responding to voice commands in multiple languages, drilling into data without the need for IT skills, and testing assumptions and running analysis. Agentic AI represents an evolutionary leap in how finance leaders operate.' Additional survey findings and announcements from CCH Tagetik inTouch 25: Finance leaders turn to AI and new hires to manage economic volatility As a result of economic volatility, 67% of finance leaders reported that they would be using AI for the first time for Financial Planning & Analysis (FP&A). A further 14% of respondents plan to increase their AI adoption due to current economic volatility, and 8% plan to continue their AI usage. When looking at team resources and structure, 33% of respondents said they will consider hiring new team members to manage economic volatility, with 24% considering restructuring. Notably, 22% of finance leaders shared that they did not have the optimum team resources and structure but were unable to make changes. Unlocking the potential of AI through hiring and data readiness The survey showed that 85% of finance leaders would consider AI skills as important when recruiting for their finance function, with 11% considering AI skills to be of essential importance. 44% of respondents identified data readiness as the key driver for increasing AI adoption. 25% highlighted the need for AI-powered corporate performance management (CPM) technologies and 23% cited the need for AI training. To support this shift, Wolters Kluwer has launched a dedicated Learning Hub designed to help finance professionals build skills including greater AI fluency and data proficiency – empowering them to optimise our innovative technology and drive productivity. Efficiency and accuracy, the key advantages of AI adoption 40% of finance leaders cited increasing accuracy and reducing human error as the key advantage of AI adoption, with 36% identifying efficiency and productivity gains as the primary benefit. Focusing on efficiency and productivity, 42% of respondents reported they expected to save 10% of working time (26 days) through AI usage in the next 12 months, enabling a greater focus on strategic outputs. 24% expected to see timesaving of 20% (52 working days) and 22% expected to save 5% (13 working days). To help facilitate higher productivity in familiar tools, Wolters Kluwer has launched a new Excel 365-based experience within its Intelligent Analytics solution. This new capability evolves the widely used cell-based retrieval approach, providing the necessary comfort for users coming from SmartView or similar tools. The add-in is designed to accelerate productivity for finance teams without disrupting the way they work. What makes it stand out is the seamless integration of Ask AI, which enhances the experience with natural language interaction: users can now pull data from CCH Tagetik and shape analysis-ready visualizations as needed. The award-winning, AI-powered CCH® Tagetik Intelligent Platform digitally transforms the efficiency, accuracy, and strategic ability of the Office of the CFO. At the heart of this evolution is Ask AI —an emerging super agent that embodies Agentic AI with a Finance Brain™. Designed to address finance-specific needs, Ask AI supports a growing range of use cases: from self-service analytics through natural language–driven data exploration and visualization, to tasks execution with diagnostic checks for financial close and consolidation, and intelligent assistance in configuring data transformation processes. The survey was conducted with 392 finance leaders on May 21, 2025, during CCH Tagetik inTouch25, an annual conference focused on innovation in corporate performance management. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services. Wolters Kluwer reported 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
Associated Press
16-04-2025
- Business
- Associated Press
CMiC is Positioned to Revolutionize Construction Software with the Launch of NEXUS, the First AI-Powered Construction ERP
TORONTO, ONTARIO / ACCESS Newswire / April 16, 2025 / CMiC, the leading provider of next-generation construction ERP, is setting the stage to transform construction software with the launch of NEXUS, the first AI-powered construction ERP. These cutting-edge capabilities are designed to empower construction teams to make sound data-driven decisions, boost productivity, and enhance employee retention strategies. At its core, this groundbreaking technology represents the first of its kind in the construction software industry, setting a new standard for innovation and operational excellence. As expressed by Gord Rawlins, President & CEO - CMiC, 'Our AI-powered features offer users advanced data visualization capabilities, business intelligence tools, and the ability to leverage natural language to optimize key business functions. This development underscores CMiC's dedication to continuous innovation and the integration of customer feedback into our product evolution, positioning us as a technology leader at the forefront of AI-driven construction ERP solutions.' CMiC's Long-Term AI Strategy and Initial Rollout: Driving Transformational Change, Enhancing Core Functionality, and Developing Innovative New Features Historically, CMiC has been a pioneer and early adopter of emerging technologies, consistently aligning with the broader industry's shift toward digital transformation. In 2022, they solidified their AI strategy by incorporating transformational change management, enhancing existing functionality, and creating a roadmap for developing new features. According to Steve Cangiano, Chief Product Officer - CMiC, 'Our long-term AI strategy is intentionally designed to leverage the power of AI within our core features and functionality. This approach will include phased rollouts and ongoing improvements to ensure continuous innovation.' To date, CMiC has introduced a range of feature enhancements, including AI-powered API integrations, AI-generated workflows, AI-enhanced process automation, and AI-driven data entry screens and apps. Additionally, their system leverages AI for data summarization, anomaly detection alerts, and predictive analytics. Building on this, CMiC's product leaders have harnessed the power of Generative AI to incorporate user-defined flysheets (data entry fields), driving the development of new features that are currently in production. The next feature to be released is an AI drawing extraction feature which uses a Large Language Model (LLM) to extract sheet information. Leading CMiC AI-Enabled Features: 'Ask Al' and Daily Sentiment Analysis CMiC's recent AI launch was led by the introduction of 'Ask AI' and Daily Sentiment Analysis. Below is an overview of each of these groundbreaking features. 'Ask AI,' powered by OpenAI's Assistant V2 API with GPT-4, revolutionizes our analytics platform by making data interaction more intuitive and accessible. This AI feature simplifies complex data analytics into conversational exchanges, allowing users to query data, gain insights, and make informed decisions quickly - accordingly, users can now ask questions in natural language. Additionally, the conversational AI understands context and nuance, ensuring responses are both accurate and relevant to specific queries. This personalized interaction encourages deeper data exploration and fosters a more analytical mindset among users. Daily Sentiment Analysis is a groundbreaking dashboard that redefines how users monitor project health. This feature allows them to tap directly into the pulse of their projects by leveraging sentiment analysis drawn from daily journals. Each project's sentiment is carefully scored on a scale from 1 (negative) to 10 (positive), providing an unmatched, real-time view of each team's attitudes and the potential challenges they may encounter throughout a project. As stated by Jeff Weiss, Chief Revenue Officer - CMiC, 'Ask Al not only democratizes data access across the company, but it also enables team members with varied technical skills to harness critical business insights. As a result, it significantly reduces the time spent on analyzing vast datasets.' He adds: 'Our Daily Sentiment Analysis feature is not only designed to inform, but to revolutionize the project management strategy of construction teams.' Looking Ahead: Launching a Multi-Year Roadmap for AI Features and Product Enhancements CMiC's AI-enabled ERP launch will mark the start of an expansive, multi-year product rollout and enhancement journey. The official debut will take place at CONNECT 2025, their annual user conference, scheduled for November. At the forefront of product innovation, Cangiano captures it best: 'As technology leaders, my product teams are fully committed to keeping our features and functionality at the cutting edge of construction technology, reinforcing CMiC's position in the construction ERP space.' For more information about CMiC's AI-powered ERP, please click here. About CMiC: As an industry pioneer, CMiC delivers complete and unified Financials and Project Management software solutions for construction and capital projects firms. CMiC's powerful software transforms how firms optimize productivity, minimize risk and drive growth by planning and managing all financials, projects, resources, and content assets - from a Single Database Platform™. With customers throughout North America and overseas, CMiC serves one-quarter of ENR's Top 400 Contractors and hundreds of small and mid-sized construction firms, from general and specialty contractors to heavy/highway and project owners. Over $100 billion in construction revenue is handled by CMiC annually. Media Inquiries: Shirin Ali Head of Marketing - CMiC Email: [email protected] SOURCE: CMiC press release
Miami Herald
19-03-2025
- Business
- Miami Herald
iAsk Surpasses Half a Billion Searches
is Becoming One of the Fastest-Growing AI Answer Engines CHICAGO, ILLINOIS / ACCESS Newswire / March 19, 2025 / iAsk's groundbreaking answer engine, iAsk Ai , has reached a significant milestone: over half a billion searches processed . The Ask AI platform currently processes over 1.5 million searches daily, demonstrating explosive growth as users turn to novel AI Answer Engines. Since its launch, iAsk has been transforming how people access information by providing instant, factual, and highly relevant direct answers without the clutter of traditional search engines. Unlike conventional search engines that rely on keyword-based ranking and paid advertisements, iAsk leverages transformer neural networks to deliver precise, well-sourced responses that align with user intent. As users become increasingly frustrated with outdated or irrelevant search results, iAsk has emerged as the preferred choice for students, young professionals, and researchers who require reliable answers. The platform eliminates the need to sift through pages of search results by providing direct answers using the most trustworthy information. " Surpassing half a billion searches is a testament to how people are shifting away from traditional search engines and embracing AI-powered solutions ," said iAsk's CEO and co-founder Dominik Mazur . " Users want truthful and unbiased answers without the frustration of multiple search attempts or sifting through various websites. " For example, a search for " best productivity hacks for students " doesn't just return a list of web pages and sponsored links. Instead, iAsk analyzes the most authoritative sources, real-world data, the live internet, and current trends to generate well-researched, fact-based answers with related images, videos, and searches. With rapid user adoption and growing momentum, iAsk is on track to reach a billion searches in 2025 . The company's mission is to provide truthful answers to any questions users ask, saving thousands of hours of research. " We are committed to making information easily understandable for everyone ," Mazur added. " The growth we've seen has been organic, driven primarily by word of mouth, and that speaks volumes about the demand for a smart AI answer engine that increases productivity. " As AI technology advances, iAsk focuses on improving its answer relevance, user experience, and a suite of AI productivity tools. With its expanding user base and ongoing AI enhancements, the platform is set to play a leading role in the future of AI search. For more information, visit Ask AI . Contact Information Rahul Srivathsa Marketing Managerrahul@ Phillip DeRenzo Head of Marketing at iAskphillip@ SOURCE: AI SEARCH INC press release
