Creating accurate forecasts, reliable predictions, and strong strategic insights has always been a goal of accounting. But considering how much time, focus, and manual labor it requires, it’s a goal that's rarely realized.
That's all changing thanks to a new wave of data-driven technologies. The confluence of artificial intelligence and machine learning have made large-scale data management accessible to any accounting department. As a result, finding insights takes less time, and developing and applying strategy becomes the focus of finance.