Board Foresight is an enhancement to the Board Enterprise Planning Platform that extends planning capabilities with predictive analysis and scenario planning. It enables organizations to anticipate future outcomes, evaluate the impact of external drivers, and support more proactive tactical and strategic decision-making.
With Board Foresight, businesses can combine internal data with relevant external data sources to improve forecast accuracy and scenario analysis. Updated forecasts generated through Foresight can be incorporated directly into medium- and long-range planning processes within the Board platform.
This article covers:
What Board Foresight is
Who Board Foresight benefits
What is Board Foresight?
Board Foresight is designed to bring predictive analytics and scenario planning into the hands of operational and strategic planners. By integrating internal time series data with external drivers—such as macroeconomic indicators and market conditions—it enables organizations to generate more informed forecasts and assess potential future scenarios.
Board Foresight analyzes relationships between external factors and internal business performance to identify the drivers most likely to influence future results. These insights can then be used to update forecasts and support planning activities directly within the Board environment.
Why it matters
Board Foresight embeds updated, data-driven forecasts directly into medium- and long-term planning, enabling more informed and forward-looking decisions. By incorporating macroeconomic indicators and other relevant external data, it provides insights that support planning across areas such as inventory management, pricing, workforce planning, and financial forecasting.
These insights help planners assess potential impacts, evaluate alternative scenarios, and respond more effectively to changing conditions, risks, and opportunities.
Key benefits
Board Foresight provides the following capabilities:
Identify key external drivers. Discover which macroeconomic and industry-specific indicators are most likely to impact business performance.
Correlation with internal data. Connect internal time series data and allow Foresight to evaluate a large number of statistical models to surface the strongest performance drivers.
AI-generated explanations. Gain clarity not only on what is affecting forecasts, but also why, through natural language explanations generated by AI.
Forecasting for continuous planning. Generate updated forecasts that support an ongoing planning cycle, enabling more agile and informed decision-making.
Who does Board Foresight benefit?
Board Foresight is intended for operational and strategic planners who want to improve forecast accuracy and scenario responsiveness. It is particularly valuable for teams that need to account for external influences when planning across different time horizons.
Functions that benefit from Board Foresight include:
Finance
Supply chain
Merchandising
Sales
Using Board Foresight, these teams can:
Adapt more confidently to economic and market shifts
Align strategic objectives with updated, data-driven insights
Improve planning consistency across short-, medium-, and long-term horizons.