Improve Financial Planning with AI-Powered Predictive Insights

Classic AI and Gen AI are together revolutionising financial planning by providing quick analysis, simplifying complex reporting and working with data sets to give financial planners powerful predictive tools. While AI is being adopted by many in the finance space, significant challenges exist. In a recent Oracle survey, 51% of respondents indicated that disconnected systems pose a barrier to connected planning, while 94% are not tapping the full potential of algorithmic forecasting. Yet, there has been significant growth - 50% of organisations now complete forecasts in under two weeks, and only about 30% still use spreadsheets.

Tapping the right solutions with Gen AI can help the leadership teams manage costs, retain the best talent, invest in the right projects, optimise revenue and deliver products and services on time. The power of AI can help detect patterns and automate routine tasks, spot anomalies and improve results. It can analyse data from multiple sources to make predictions that can act as a guide for decision-making. This new normal allows humans to drive decisions, leveraging the best of AI and intuition.

FinancialExpress.com and Oracle bring you this exclusive Finance Leadership Dialogue to understand how some of India’s top decision-makers are leveraging AI for business growth.