AI won’t fix garbage data

Everyone is talking about Artificial Intelligence, Machine Learning and other cognitive computing tools and the benefits they can offer CFOs and their finance teams. And rightfully so!

These new technology solutions are unleashing exciting capabilities from personalizing customer experiences and sophisticated fraud detection to process automation.

Finance teams need to be mindful of overlaying these innovative new technologies on finance data architectures that are decades old. Siloed, legacy systems can mean data flows require manual intervention or contain incomplete information.

In order to meet current and future regulatory and management reporting requirements, Finance functions need an efficient, automated data flow that can be enriched with non-financial data to improve analytics and insight generation.