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Bayer is using detailed data to improve forecasting, CFO says

5 min read . Updated: 24 May 2022, 06:11 PM IST NINA TRENTMANN, The Wall Street Journal

CFO Wolfgang Nickl discusses Bayer’s data lake, anticipating Black Swan events and why it’s important to stick to automated forecasts

Germany’s Bayer AG is working to improve its forecasting capabilities with the help of new technologies and data. While the company doesn’t rely on fully automated forecasts for its divisions yet, it is experimenting with advanced forecasting and predictive analytics, according to Chief Financial Officer Wolfgang Nickl.

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Bayer is using detailed data to improve forecasting, CFO says

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