FSN's Future of Planning, Budgeting and Forecasting Global Survey 2017 Shows:- Early adopters unconvinced by AI and Machine Learning

22nd November 2017

On the face of it, machine learning appears to be a game changer, adding unbiased logic and immeasurable processing power to the forecasting process, but the survey doesn’t show a substantial improvement in forecasting outcomes for organizations that use experimental technologies like these. And the CFOs and senior finance executives who responded to the survey believe there are substantial limitations to the effectiveness of machine forecasts. As the technology matures, and finance functions become more integrated, machine learning will proliferate, but right now it remains the domain of early adopters. 

 

Previous infographics related to the most recent Future of Planning, Budgeting and Forecasting Survey:

FSN's Future of Planning Budgeting and Forecasting Global Survey 2017:- Shows sharp increase in organizations reforecasting more than twice a year

The FSN Modern Finance Forum on LinkedIn is Driving the CFO Agenda

 

 

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The research was conducted amongst the 50,000 members of the FSN Modern Finance Forum on Linkedin and represents one of the largest and most authoritative global surveys of its kind.

849 senior finance professionals responded to the survey covering 23 countries and 13 industry sectors.  Approximately half of the respondents were from organisations with more than 1,000 employees. 

The research was sponsored by BOARD InternationalProphixTagetik and Workday.

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