What is modern FP&A? Many of us have heard about promise of predictive analytics (PA) in machine learning (ML). Over 50% of organisations think that data science and ML are critical for success. At the same time, less than 20% of finance teams are deploying data science today. Why did this happen?
Although we hear a lot about the benefits of ML, it is still not clear what these benefits mean for FP&A on a daily basis. So, what is holding us back and what are the common misconceptions about PA and ML? What are the differences between the two concepts?
In this video, Scott Stern, Global Director of Finance Solutions at OneStream Software, answers the above questions and provides a general overview of the FP&A future.