In this article, the author explores the benefits and potential challenges of AI-powered models and techniques for enhancing our forecasting, exemplifying his observations with a case from his experience.
This article explores the roles of Human Intelligence and AI in FP&A, supported by findings from the 2024 FP&A Trends Survey and insights from the AI/ML FP&A Committee.
The 23rd meeting of the Global AI/ML FP&A Committee, which took place on June 4th, 2024, featured a presentation titled "How Generative AI Can Enhance Decision-Making and Planning", delivered by Michael Emerson, CTO - Extended Planning & Analysis at SAP.
This year’s FP&A Trends Survey, which has taken responses from 383 finance practitioners across diverse industries and regions, looks in depth at the ways FP&A supports data-led decision-making in the current dynamic landscape as well as the future developments that need to be implemented.
In this article, the author explores the possibilities of human-AI interaction, describes some practical examples, reviews considerations about responsible use of and value generation with AI, and ends with practical references about upskilling and adoption.
In this article, the author speculates on the evolution of capital planning and outlines how this process can be enhanced with modern technology like Artificial Intelligence/Machine Learning (AI/ML).
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