How governance gaps are creating a shadow AI risk for finance leaders

The use of AI across finance functions is soaring as it quickly becomes a key tool for getting the job done.

As such, businesses are investing heavily and spending continues to rise, meaning adoption has more than doubled since 2024.

But governance isn’t keeping pace, as almost half (49%) of UK finance leaders admit their organization has gaps in its AI governance strategy.

Head of Business Solutions, Soldo.

That’s a concern for two reasons. One, because governance is a compliance exercise, and two, because it underpins how confidently businesses can adopt AI at scale.

Without clear guardrails, employees will naturally start making their own decisions about which tools to use and how to use them – creating ripe conditions for Shadow AI to emerge and thrive.

The widening adoption-governance gap

I speak from experience when I say that AI is and will continue to be transformative for the finance function.

...

Copyright of this story solely belongs to techradar.com. To see the full text click HERE