There has been not a lot of details about how to get started with a machine learning (ML) project in FP&A. This article will cover the financial forecasting process in companies and how ML can help with it.
Integrated business planning (IBP) is not a new concept. Yet it’s still hard to find organizations that have fully embrace it, because their efforts have been hampered by the proliferation of legacy systems and data silos. IBP is characterized by aligned planning processes and calendars, full integration of cross-functional data, and cross-functional and business collaboration.
This blog discusses the importance of improving your digital IQ, a term used by PWC for corporates but something that I believe should also be applied to individuals. Your digital IQ (your knowledge of technology and its impacts) is in effect a ‘gateway’ or an ‘enabler’ to the future role of any commercial finance/ FP&A individual.
This is one of a series of three blogs – assessing some of the predictions about the future role of finance. The other two blogs focus on the skills needed for the digital world, one covering technical/digital knowledge and the other covering soft skills.