Nov 19, 2024, 9:55 AM
(from Harvard Business Review) In recent years, artificial intelligence and machine learning have been deployed to bring accuracy and efficiency to financial forecasting and resource allocation in corporate budgets. Gartner predicted that 50% of organizations will use AI to replace “time-consuming bottom-up forecasting approaches” by 2028. Yet challenges remain. Experts suggest that AI excels at tactical budgeting, while humans are better at strategic budgeting and that to maximize AI's use, managers need to give it lots of context, including goals and KPIs.
Listen to the latest episode of the Net Assets podcast.
