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Gartner Predicts Three Ways Autonomous Technologies Will Impact the FP&A and Controller Functions in Finance

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GartnerFinance predicts 3 ways autonomous technologies will impact the FP&A and controller functions in finance. Read the press release here: CFO Gartner_inc

. “80% of CFOs we surveyed in 2022 expected to spend more in AI in the coming two years, for example. Around two thirds of finance leaders we surveyed think their function will reach an autonomous state within six years”

By 2025, 70% of organizations will use data-lineage-enabling technologies such as graph analytics, machine learning , artificial intelligence and blockchain as critical components of their semantic modeling. “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.”

Although automated or augmented A&BI descriptive and diagnostic insights may minimize the analytical skills barrier, decision makers must still understand and act upon them appropriately. FP&A leaders must help establish continuous and evolving literacy programs for all employees — including senior executives — to remain relevant and competitive.

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