Automation of decision making through the implementation of task automation robots, advanced analytics and artificial intelligence is becoming the defacto direction for accountants, controllers and CFOs, but what does working with a Bot squad mean for you and your team?
We learn from Aico’s CTO Marko Maunula, who explains nine trending cornerstones of this brave new robot/human world.
And Marko, I love the Little Britain quote! A rare treat for me.
Data Scientist: Yo accountant dude! Why do you never forecast your miscellaneous revenue line?
Accountant: It’s miscellaneous, you can’t forecast that line.
DS: But dude, it’s 1% of your total revenue, that’s gotta impact the business and your forecast sensitivity, right?
AC: That line has no owner, you can’t forecast that line.
DS: I got exciting news dude, I can predict this line for you and be 75% accurate. That’s gotta be better than putting in a big fat zero? <holds up hand for a high five> Continue reading “Is your forecasting mindset killing CFO innovation – almost certainly!”
It is generally accepted that the accounting and finance profession is/will be going through a step change in its ways of working, due to automation technology change, but past experience of ERP, EPM and Business Intelligence change projects may suggest another period of chaos is on the way, before the calm and control.
Continue reading “BQs – Do we always lose Control when making Change?”
