In this video:
Knowledge Session by Bharat Agrawal, Director Finance – South Asia, Diversey
Topic: Reshaping Budgeting and Forecasting with AI and Big Data
Key Highlights:
[1] Emphasise the importance of data confidentiality, availability, and robust server practices.
[2] Implement stringent audit trails to safeguard sensitive financial information, fostering a secure budgeting landscape.
[3] Establish a leadership tone that champions the integration of AI and big data in budgeting.
[4] The primary attributes of AIML are neutral networks and deep learning, whereas the characteristics of big data include volume, velocity, variety, and veracity.
[5] Transitioning from manual to automated processes involves collecting historical data, consolidating it, obtaining external intelligence, and validating forecasts and budgets.
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