Signal AI ranks second to cloud for cost savings; 49% of owners use it to find cost reductions against 40%

Summary

Deloitte reports that many companies are turning to AI to reduce operating costs while improving speed and accuracy. Among respondents who own cost optimization, AI is rated the second most effective path to savings, trailing only cloud-based solutions. Nearly half of these cost owners, 49%, say they are likely to use AI to spot cost-reduction opportunities, compared with 40% of leaders in supporting roles. Owners also lead on using AI to automate processes and cut costs. The report explains that AI can streamline repetitive processes or remove manual verification from certain transactions. Some interviewees, for example, use it to review receivables and flag errors or accounts likely to fall delinquent.