inlumi blog

Artificial Intelligence (AI) is taking the world by storm. Enabling machines to simulate intelligent human behaviour, AI unleashes a world of possibilities for businesses to automate and optimise processes, as well as generating insights for better decision-making. Nevertheless, developing this cutting-edge technology relies on historical data generated by humans, and therefore risks reproducing discriminatory practices and harmful stereotypes created by those very humans. How can we ensure that we leverage AI in the right way?

With the advances in technology over the last two decades, Finance leaders can now benefit from a powerful set of tools to collect and analyse data, and to report and gain actionable insights about their businesses. That means both one-off and ongoing IT-run costs are increasing, and in its latest report, Gartner forecasts IT spend to grow a further 5% in 2022 alone.

The discipline of Planning, Budgeting and Forecasting has covered a lot of ground over the past 20+ years, sustaining a steady evolution and maturing into a fully-fledged, crucial element of Management Reporting and Enterprise Performance Management.

Let’s start with something we all know: people dislike change. While it’s easy enough to say ‘change is good’ from an outsider perspective, when it comes to actually implementing a change ourselves we suddenly feel differently. This is because change takes two things that are very difficult to part with: time and effort.