Some people believe that Artificial Intelligence (AI) will eventually replace humans within FP&A. Thought leaders and experienced AI users feel that this is completely wrong. For AI to be effective, it needs to be combined with human intelligence (HI).
Our business environment is changing dramatically. Smart devices, smart offices, autonomous vehicles are boosting and creating avalanches of data every day. Big data will benefit a business. It enables business with greater insights and new opportunities, but only if you are able to manage it well.
Today, the tools that are being offered are smart enough that with a few inputs and financial insight, you are able to achieve amazing results. No need to be a data scientist to deliver these results. In this article, we discuss Roche's FP&A transformation and how the company started with small experiments before going big.
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In this 7-minute presentation, Stefan Spiegel, CFO at Swiss Railway Freight Logistics (SBB Cargo AG), explains his company's journey towards merging finance and operations.
The FP&A transformation journey should start right now. In this video, you will learn about three important things about leveraging modern technology for FP&A.