WEBVTT 00:00:00.000 --> 00:00:02.500 align:middle line:90% 00:00:02.500 --> 00:00:06.010 align:middle line:84% Today's finance leaders have one thing in common-- 00:00:06.010 --> 00:00:09.850 align:middle line:84% a digital first mindset, using new technologies 00:00:09.850 --> 00:00:13.780 align:middle line:84% to automate routine tasks, analyze valuable data, 00:00:13.780 --> 00:00:16.190 align:middle line:90% and influence business strategy. 00:00:16.190 --> 00:00:19.960 align:middle line:84% But these digital finance leaders are the minority. 00:00:19.960 --> 00:00:23.500 align:middle line:84% A study of more than 700 global finance leaders 00:00:23.500 --> 00:00:27.370 align:middle line:84% revealed that only 11 percent have embraced AI. 00:00:27.370 --> 00:00:30.900 align:middle line:84% Only 16 percent have automated processes. 00:00:30.900 --> 00:00:35.200 align:middle line:84% 90 percent of teams lack the skills necessary for tomorrow. 00:00:35.200 --> 00:00:39.850 align:middle line:84% And two-thirds are waiting to be disrupted rather than disrupt 00:00:39.850 --> 00:00:41.680 align:middle line:90% their own industries. 00:00:41.680 --> 00:00:46.060 align:middle line:84% It's time to catch up or get left behind. 00:00:46.060 --> 00:00:47.800 align:middle line:90% Disruptors don't take prisoners. 00:00:47.800 --> 00:00:50.400 align:middle line:84% We need to have that change mindset. 00:00:50.400 --> 00:00:52.900 align:middle line:84% And we shouldn't be afraid of questioning 00:00:52.900 --> 00:00:56.620 align:middle line:84% our fundamental business model, and consider disrupting it 00:00:56.620 --> 00:00:58.550 align:middle line:90% ourselves. 00:00:58.550 --> 00:01:01.210 align:middle line:84% We will see more and more organizations 00:01:01.210 --> 00:01:05.120 align:middle line:84% moving to the cloud, modernizing their financial back office. 00:01:05.120 --> 00:01:07.090 align:middle line:84% And more and more organizations looking 00:01:07.090 --> 00:01:10.420 align:middle line:84% to reimagine the customer experience. 00:01:10.420 --> 00:01:15.460 align:middle line:84% This is agile finance unleashed, and these are the superstars 00:01:15.460 --> 00:01:17.787 align:middle line:90% driving its evolution. 00:01:17.787 --> 00:01:19.620 align:middle line:84% We are a technology company, and we are just 00:01:19.620 --> 00:01:21.240 align:middle line:90% dropped in an industry. 00:01:21.240 --> 00:01:24.390 align:middle line:84% And we really want to be ahead of the game on the finance side 00:01:24.390 --> 00:01:25.230 align:middle line:90% as well. 00:01:25.230 --> 00:01:28.120 align:middle line:84% My department is focused on leveraging technology 00:01:28.120 --> 00:01:29.670 align:middle line:90% to establish processes. 00:01:29.670 --> 00:01:33.543 align:middle line:84% They are agile enough to support the company in the future. 00:01:33.543 --> 00:01:35.210 align:middle line:84% We are completely reassessing everything 00:01:35.210 --> 00:01:37.540 align:middle line:84% due to the changes that are going on in the marketplace. 00:01:37.540 --> 00:01:39.457 align:middle line:84% And we're making sure that we're getting ahead 00:01:39.457 --> 00:01:42.330 align:middle line:84% of the curve with digital technology, the use of AI, 00:01:42.330 --> 00:01:44.310 align:middle line:84% machine learning, working with our partners 00:01:44.310 --> 00:01:45.600 align:middle line:90% like Oracle around. 00:01:45.600 --> 00:01:47.800 align:middle line:84% What does this look like for the future? 00:01:47.800 --> 00:01:50.460 align:middle line:84% The customer has to be at the heart of everything that we do. 00:01:50.460 --> 00:01:53.130 align:middle line:84% And in finance, we have to modernize 00:01:53.130 --> 00:01:55.650 align:middle line:84% to accommodate the needs of the customers in the future. 00:01:55.650 --> 00:01:57.192 align:middle line:84% In order to do that in finance, we're 00:01:57.192 --> 00:02:00.640 align:middle line:84% going to need technologies such as machine learning, chat bots, 00:02:00.640 --> 00:02:03.110 align:middle line:90% [INAUDIBLE]. 00:02:03.110 --> 00:02:07.030 align:middle line:84% As our CEO, Safra Catz, says at Oracle, 00:02:07.030 --> 00:02:09.800 align:middle line:84% we're the co-pilots of the organizations. 00:02:09.800 --> 00:02:13.220 align:middle line:84% And leaders who do not assume that role 00:02:13.220 --> 00:02:17.420 align:middle line:84% will find that their roles will not have that much influence 00:02:17.420 --> 00:02:19.370 align:middle line:90% or relevance going forward. 00:02:19.370 --> 00:02:24.340 align:middle line:90% Standing still is not an option. 00:02:24.340 --> 00:02:27.810 align:middle line:90% Build tomorrow's finance today. 00:02:27.810 --> 00:02:31.254 align:middle line:90%