A CPA Australia survey reveals that most Hong Kong businesses are utilizing AI tools to enhance productivity, impacting accounting and finance job roles. 89% of professionals across Asia-Pacific have used AI in the past year. In Hong Kong, 88% utilize AI solutions like ChatGPT and Copilot, affecting recruitment practices. 42% noted no change, but 17% reduced hiring junior staff due to AI deployment.

Data privacy and management are top concerns for Hong Kong respondents, with 26% highlighting these issues. 72% have implemented cybersecurity measures. The use of Managed Security Operations Centres and security measures to protect AI systems are emerging trends. Regular staff training on data protection is emphasized.

CPA Australia’s survey gathered feedback from 1,117 accounting and finance professionals, including 154 from Hong Kong. Many companies in Hong Kong are at the Proof-of-Concept stage with AI tools, focusing on productivity enhancement. Education is needed to fully unleash AI’s potential for business model reinvention and strategic goal alignment.

Read more at Yahoo Finance: AI adoption rises in Hong Kong: CPA Australia survey