This site under reconstruction.
Something a little different tonight: talking about pricing. I’m not talking about pricing models created to figure out what to charge for a service or product. That topic is a typical FP&A topic. Not tonight though. It’s economic. It’s terminology which I have never really thought about before: price controls versus price fixing versus price…
There are a few tools for improving the bottom line, but the most common ones are: layoffs, outsourcing, offshoring and soon to be available automation with AI. These are predominantly all ways of reducing headcounts in the shortest time possible. You might deploy new technology systems, innovate new products or negotiate major deals but I…
I’ve always thought shareholders were a huge part of the problem for our current type of capitalism: while productivity has increased (according to some news I’ve read), labor’s wages have remained flat while all productive gains accrue to the shareholders. This site gives an example of what I have read quite a few times: Economic…
I think the moment that I’ve been dreading is here. Since around 2013 or 2014, I’ve always wondered how to prepare for when everything in finance is automated. Artificial intelligence has come for banking. Fortune: Beware, finance bros: AI is coming for banking before any other kinds of jobs, Citigroup warns. Forbes: AI Could Displace…
I’m still having issues with my internet connection, so we’ll see how far I get today with this post. While my internet was completely down and before someone came out to fix it, which unfortunately took a while, I read a lot of books. A lot of books. So, I’m going to talk a little…
Did you hear about the new AI? The one called CoPilot for Finance? Yep, slowly but surely automation is coming for finance jobs. Since 2013 I’ve been wondering when the automation robots would come and have been wondering what the next step for finance would be. If most of your job is manual, then you…