Artificial Intelligence (AI) is rapidly gaining ground in finance departments across the UAE, with leaders focusing on targeted, high-impact applications in areas such as accounting, financial planning, treasury, tax, and risk management.
According to KPMG’s latest benchmarking study Is Your Finance Function AI Ready?, adoption levels are strong: 49% of organisations have active AI plans in finance, 59% are running or preparing pilot projects, and 33% remain in early planning stages.
Accounting and management control teams are leading the way, using AI for narrative reporting, predictive analytics, and real-time insights. For example, a central UAE bank has deployed generative AI to automate internal reporting, regulatory disclosures, and risk assessments. Meanwhile, a government utility has introduced an AI assistant to handle billing, financial reporting, and documentation workflows.
However, despite growing adoption, measurable results remain limited. Only 37% of UAE finance leaders report positive returns on AI investments, compared to 66% globally. UAE organisations currently allocate about 10% of IT budgets to AI, close to the global benchmark of 13%, reflecting strong intent but highlighting the need for scalable, structured adoption to embed AI into core performance processes.
Also Read:
US-India Trade Negotiations That Were Set for August 25–29 Were Canceled
Two Ladies are Fined Dhs1.750 Million by an Abu Dhabi Court for Selling Rental Gold
About Author
