Predictive vs Prescriptive Analytics: How Finance Can Beat the Bots

Predictive analytics aims to predict potential outcomes by analyzing trends and models. Prescriptive analytics seeks to offer insights and solutions to optimize performance and outcomes.
Prescriptive vs. Predictive Analytics fuses the use of artificial intelligence (AI) in finance) and automation tools with financial acumen and business insights. 35% of business and financial operations could be automated and 300 million jobs impacted by AI according to a report from Goldman Sachs. For finance professionals to be best-in-class, they must harness the power of AI and tools like ChatGPT while offering prescriptive analysis and insights for business partners.
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