A recent survey by the Governing Institute, sponsored by Workday, reveals that many state and local government agencies still rely on outdated financial systems, with 40% using legacy technologies. While most plan to modernize within five years—many favoring cloud-hosted platforms—AI adoption remains limited due to varied readiness and concerns over data security. Agencies are most interested in AI for fraud prevention, automation, and forecasting but lack confidence in AI's ability to meet privacy standards, prompting recommendations for improved data governance and strategic tech partnerships.

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