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PaymentsJournal: AI in Finance: The Predictions

Jet Global

The term “AI” is being thrown around a lot lately, but realistically how will it change the world of finance? Here are our predictions as the modern finance department looks to the future. We predict reporting automation will continue to gain huge ground inside organisations in the very near future. .

Finance 58
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How to streamline and enhance critical F&A functions with generative AI

IBM Big Data Hub

Imagine the future of Finance and Accounting (F&A). Perhaps you are using a next-gen Enterprise Resource Planning (ERP) system and an unmatched F&A planning platform that delivers advanced predictive analytics. In this future, your F&A function is cutting edge.

Finance 52
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Enabling AI-powered business intelligence across the enterprise

IBM Big Data Hub

From marketing to HR, finance to supply chain and more, decision-makers can use these insights to improve decision-making and productivity enterprise-wide. Start using IBM Cognos Analytics free for 30 days The post Enabling AI-powered business intelligence across the enterprise appeared first on IBM Blog.

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Accelerating AI & Innovation: the future of banking depends on core modernization

IBM Big Data Hub

With the power of AI and machine learning, financial institutions can leverage predictive analytics, anomaly detection and shared learning models to enhance system stability, detect fraud and drive superior customer-centric experiences. This shift toward data-driven economies places embedded finance at the core of financial services.

Finance 60
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Digital Twin Use Races Ahead at McLaren Group

CIO Business Intelligence

Meanwhile, the digital twin market is set to grow at a 50% compound annual growth rate, reaching $184.5 For businesses like the McLaren Group, these two trends are at the core of the conglomerate’s digital transformation and competitive strategy, on and off the track. . billion by 2030. A Competitive Differentiator.

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CIOs still grapple with what gen AI can do for the enterprise

CIO Business Intelligence

Yves Caseau, global CIO, Michelin Michelin Some technology leaders, including Patrick Thompson, former chief information and digital transformation officer of Albemarle, go so far to say that generative AI will become the most disruptive technology in our lifetimes. “It Companies that don’t embrace generative AI will become obsolete.”

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The Intersection of Planning & Technology

Jedox

However, the changed, driver-based approach requires not only close collaboration between the finance department and the specialist departments, but also clean and correctly linked data and a tool suitable for management that can be used without programming knowledge. Companies invest a lot of time and resources in their business planning.