Artificial Intelligence (AI) has the potential to revolutionize many industries, and the field of financial planning and analysis (FP&A) is not different. There are several tasks in the FP&A domain that professionals wish AI could take over and add value to their work. Here are ten tasks in which AI's benefits are most desired:
1. Financial Modeling: The intricate and complex task of financial modeling can be significantly simplified with AI's predictive capabilities and data processing speed.
2. Data Analysis: Analyses, which could typically take days to complete, could be done in a matter of minutes with AI.
3. Forecasting: AI-powered forecasting can improve accuracy and efficiency, allowing professionals to spend more time strategizing.
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By implementing AI in these FP&A capabilities, professionals could free up several days each month for more value-oriented work, boosting productivity and enhancing strategic decision making.
Disclaimer: The above article was written with the assistance of AI. The original sources can be found on IBM Blog.
