Remove 2020 Remove Data-driven Remove Forecasting Remove Uncertainty
article thumbnail

Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

article thumbnail

The top 7 FP&A trends for 2023

Jedox

In times of uncertainty and change, technology can drive our ability to adapt quickly. Integrated business planning (IBP) is the next generation of decisive planning, with technology-driven cross-functional collaboration at its core. IBP allows for tighter collaboration between team members and more trustworthy forecasts and outputs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Cognizant Technology Solutions announced a full-year revenue forecast below expectations.

IT 78
article thumbnail

What it Means to be a Data-driven Financial Institution

Sisense

It’s what allows them to unlock the full power of their data and make informed decisions. But, many don’t know where to begin or how exactly to work with their data to their optimal benefit. Data gives insight into user demographics, habits, preferences, and more. What is business intelligence?

article thumbnail

The Case for Continuous Financial Planning after Covid-19

Jet Global

Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. Put this into the context of 2020, and you know exactly why the planning process needs to change. In the past few months, planning has changed – and it has changed dramatically.

article thumbnail

Operational Finance in the Age of Covid-19: Time to Change the Basics?

Jet Global

Invariably, these activities have seen added stress in 2020. Not only have finance teams had to close companies’ books remotely, but they’ve also been required to provide the insight and information needed for some extremely complex decision-making, and continuously plan and forecast for events with little or no historical context.

Finance 98
article thumbnail

Mission Critical Innovation: DataRobot 8.0 for the AI-driven Business

DataRobot Blog

Businesses today operate under greater pressure and greater uncertainty than ever before. DataRobot For the AI-driven Business: Empower Your Business with No-Code Solutions that Deliver Timely, Continuous, and Trusted Insights from more of Your Data. DataRobot AI Cloud 8.0 With DataRobot AI Cloud 8.0,