What AI CAN’T Do: The Human Side of FP&A - Martin Zych (Pt. 2) | Ep.061

Tech for Finance

More goodies at www.techforfinance.com | Listen in as we navigate the intricate dance between AI and human intuition in the realm of financial forecasting and analysis. Together with my insightful guest Martin, we dissect the irreplaceable value of human touch in financial planning. We highlight how a strategic blend of AI tools and expert knowledge can amplify our financial foresight, transforming analysts into superheroes of data. Martin shares pearls of wisdom on the importance of simple, direct questions in crafting more effective financial plans, underscoring the necessity of human connection in an increasingly automated world. This conversation also delves into the evolution of financial planning and analysis platforms, as Martin sheds light on the nuanced limitations and burgeoning capabilities of AI in this field. From discussing the potential of Python's Prophet library to contemplating the future of interaction design and anomaly detection in FP&A tools, we explore the balance between technological allure and the essential need for human judgment. Moreover, we get playful with AI's storytelling prowess, revealing how it can generate custom bedtime tales for kids, and we probe the nascent co-pilot feature in Office apps, setting realistic expectations for AI assistance in data and modeling tasks. Wrapping up our chat, Martin takes us on a detour through the realms of personal health, fitness, and the arts. We share transformative experiences with fitness apps and the quantified self-movement, reflecting on the impact of tracking and consistency in our wellbeing journeys. And for those enchanted by the intersection of creativity and technology, Martin extends an invitation to engage with his art and connect through various platforms, ensuring his insights and inspirations are but a click away. So join us for a rich blend of finance, technology, and personal growth that promises to enlighten and entertain. ------SHOW NOTES------ - Connect with Martin on LinkedIn - https://www.linkedin.com/in/martinzych/ - Check out Jirav - https://www.jirav.com/ ------CHAPTERS------ (00:00) The Role of AI in Forecasting (10:47) AI in Financial Planning and Analysis (17:18) Exploring Financial Modeling and AI Storytelling (24:13) Tech Apps and Fitness Transformations (29:17) Finding Martin's Art and Contact Information https://newsletter.techforfinance.com