No matter where your team is in the Finance transformation journey, it’s always a good time to take more advantage of advanced analytics. Why? Well, like it or not, advanced analytics – such as predictive analytics and machine learning (ML) – are here to stay. How am I so confident? It’s pretty simple, actually. How many Finance leaders wouldn’t want to infuse statistically significant forecasts into the planning process to help reduce the fog of uncertainty? None!
In fact, with the explosion of data and compute power available today, the barriers of entry for using advanced analytics are lower than ever. So what’s holding Finance teams back? Here’s my take – Finance teams aren’t sure how to leverage advanced analytics for everyday processes without disrupting people and processes.
Re-posted with permission from Source