As developments in Artificial Intelligence (AI) – particularly Machine Learning (ML) – increasingly impact our everyday lives, their value for FP&A is also being recognised. But with the technology evolving so rapidly, keeping track can be challenging.
AI/ML are advanced statistical techniques that can uncover business drivers and trends that can be used to make predictions about the future. According to FP&A Trends Survey 2023, 7% of organisations make use of AI/ML, and 54% of organisations are planning to use it in the next few years.
The Artificial Intelligence (AI) / Machine Learning (ML) FP&A Committee was established on the 29th of March 2018.
It aims to guide the development, application and promotion of better practices for using AI/ML and other related data science techniques within Finance (FP&A). It identifies, drives and supports new trends and focuses on the practical application of these tools within organisations. The Committee’s regular meetings take place digitally to maximise global reach. To review information about the previous meetings, please, follow this link.
Our members are senior finance practitioners and thought leaders demonstrating a passion for and practical experience of relevant data science techniques in FP&A. They represent over 30 leading organisations, including Amazon, Microsoft and PepsiCo. The list of members can be found here.
If you are interested in joining the Committee, you can view our complimentary membership criteria here.