Autonomous technology in finance to impact FP&A, controllership in three ways - FutureCFO

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How will AI affect the FP&A and controller functions in corporate finance? GartnerFinance expert Matt Mowrey highlighted three ways to futurecfo recently. Read the article here: CFO Gartner_inc

how functions can strengthen semantic models to improve data quality and transparency

By 2025, 70% of organisations will use data-lineage-enabling technologies such as graph analytics, machine learning , artificial intelligence and blockchain as critical components of their semantic modeling, the firm predicted. “When poorly understood data is used, and FP&A can’t explain its treatment, decision makers often revert to instinct or gut feel,” said Mowrey. “Data lineage solutions promise to better explain data’s treatment and improve its transparency for decision makers.”

However, FP&A teams have the right skills and capabilities to drive it within the organisation, Gartner noted. Although automated or augmented A&BI descriptive and diagnostic insights may minimise the analytical skills barrier, decision makers must still understand and act upon them appropriately, Gartner advised.

 

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