In this video, KPMG principal Sanjay Sehgal discusses how AI is able to analyze external data and signals to provide organizations with more accurate earnings forecasts.
VO: AI could improve earnings estimates. The number of companies missing their estimates has increased 29 percent in the last year, but AI analyzing external data could reverse that trend.
Sanjay Sehgal soundbite: We need to leverage signals, from weather patterns to housing starts, to create our forward-looking estimates.
VO: Thanks to AI, one company’s estimates were 50 percent more accurate.
Sanjay Sehgal soundbite: We have found empirical evidence that our forecast accuracy is significantly better with artificial intelligent technology.
Created in partnership with Bloomberg Media Group.