Adopting a good and progressive generative artificial intelligence mindset is essential in today's journey to technological advancements in the finance function.
This requires a shift from traditional ways of thinking to a more adaptive, collaborative, and forward-thinking approach.
So what exactly is the right generative AI mindset?
It is important that finance leaders get to understand that generative AI is a tool--that it will not do their jobs for them, but rather they'll utilise it to do their jobs more effectively.
It should be pointed out that generative AI will not replace the need for human attributes such as creativity and the desire to solve problems, but it will dramatically cut the time spent on repetitive, manual, or technical aspects of the work.
Adaptability is also a key factor, meaning leaders must be willing to walk away from what they have previously known and learned. And even if they think it works, they must be open to try something new.
Curiousity can also come into play as this can be honed by training themselves to ask questions whenever they are uncertain about something.
In addition, it is imperative that finance leaders must develop an ongoing, continuous approach to learning, constantly updating skills and knowledge. Online courses can be of help in this regard, coupled with a growing awareness among employers of the need for upskilling and reskilling workforces.
Other factors also include a willingness to work collaboratively (with humans and machines), an awareness of the ethical implications of generative AI, critical thinking abilities, and a drive to solve problems.
