The Future of Finance Teams: Machine Learning and Artificial Intelligence
The generative artificial intelligence (AI) boom and machine learning (ML) will change the future of finance teams. With talent scarcity and budget constraints remaining top challenges, finding finance and accounting professionals with AI and ML experience is a new challenge CFOs face. In this blog post, we will explore the challenges faced by finance leaders and what investments are needed to stay ahead of the curve.
The latest CFO Indicator survey found that CFOs plan to invest in financial planning tools that utilize AI and ML to help improve the finance employee experience and attract future finance talent as they seek to mitigate the tight labor market.
Corporate Performance Management (CPM) solutions, like OneStream's Intelligent Platform, have advanced planning and automation technologies with AI and ML built in. Companies that are using them are reaping the benefits. This trend will likely continue as automating tedious and repetitive tasks frees finance professionals to focus on more strategic work and create data-driven strategies.
OneStream Sensible ML offers a guided experience to build, deploy and consume ML models which can help organizations finally take advantage of the promise of AI and ML for operational planning processes across the enterprise.
AI and ML technology can help Finance teams and business analysts improve forecasting accuracy. Organizations that can adapt and take advantage of AI and ML can better position themselves for success in the ever-changing world of work.
What do you think about advancements in AI and ML? Has your finance team been affected by the Great Resignation? How are you adapting to the changing landscape?