Finance Leaders Panel Session: New Ways for Competitive Advantage: Data, Forecasting and Planning

What you need to know:

• AI in itself isn’t a solution. To realise the full potential of AI, organisations need to get the right data and people that have the right skillset and are ready to use these systems to get the desired outcomes.
• When using historical data to make predictions about the future, organisations will just recreate the biases and the problems of the past, because they don’t have the data about the outcome they are trying to predict.
• Organisations shouldn’t try to implement AI just for the sake of it. Instead, they need to understand the problems they are trying to solve and see if and how technology can help them overcome their challenges.
• Change doesn’t happen at once – companies need to focus on getting things done, testing and iterating until they find a solution that works for them