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Technical

Making faster decisions with AI Logo cgma

  Richard N Williams |   Free |   CGMA |   Feb 2019 |   FM magazine

The analysis of data using increasingly sophisticated tools can produce huge advantages. This article considers the use AI to answer three questions: what’s current performance, the reasons for performing in this way and how can it be improved. It lists four objectives of financial management analytics with value creation as the most important.

Topics covered:
  • Management accounting: Technical: Business planning: Planning, forecasting & budgeting, Advanced

1 Comments/Reflections

Richard Clark

Richard Clark Apr 2019

Shows the power of being able to drive business decisions within large amounts of data.

The key pull here is that the AI is programmed correctly to interpret data, but also that this underlying data is correct and is related correctly to form data sets.