INDUSTRY OUTLOOK
opportunities . AI can help perform thorough scenario analysis and risk management , preparing a company for inevitabilities when change is happening both internally and externally .
AI doesn ’ t just automate manual work ; it can also put the power of data science into the hands of finance leaders . This can only be a good thing , as finance teams have historically relied on data scientists to help make sense of their data . However , data scientists have little to no finance background and the outputs are still capturing past activity , instead of being forward-looking .
Unlike Generative AI or AI automation , true purpose-built AI can help guide the business by addressing specific business challenges . For example , finance leaders can leverage this technology to identify the impact of their product forecasting in real time based on current key drivers combined with historical data and business intuition . This granular level of insight into the business is crucial to drive strategic decisions , allowing the business to remain agile and better allocate resources in response to changing market conditions .
Achieving this level of precision and sophistication is only feasible with AI . This revolution is not just about tools . The eventual outcome will be business leaders ready to lead with confidence , enhanced risk management and better cross-functional collaboration and overall productivity . We will see a new workforce
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