Analytics, Data Warehouse, Forecasting and Insurance

How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

OCTOBER 30, 2023

IBM, a pioneer in data analytics and AI, offers watsonx.data, among other technologies, that makes possible to seamlessly access and ingest massive sets of structured and unstructured data. AWS’s scalable infrastructure allows for rapid, large-scale implementation, ensuring agility and data security.

Insurance

Insurance Data Warehouse Data-driven Unstructured Data

IBM and AWS Create a Path to Modernization Via Industry-Specific Solutions

CIO Business Intelligence

OCTOBER 13, 2022

Companies across industries have core requirements related to data security and governance controls, yet different industries have uniquely focused considerations. In healthcare, securing personal health data is key, governed by national standards laid out by the Health Insurance Portability and Accountability Act (HIPAA).

Insurance

Insurance Data Warehouse Manufacturing Forecasting

The Gartner 2021 Leadership Vision for Data & Analytics Leaders Webinar Q&A

Andrew White

JANUARY 11, 2021

It was titled, The Gartner 2021 Leadership Vision for Data & Analytics Leaders. This was for the Chief Data Officer, or head of data and analytics. The fill report is here: Leadership Vision for 2021: Data and Analytics. Which industry, sector moves fast and successful with data-driven?

Data Analytics

Data Analytics Analytics Data-driven Finance

Webinars

Generative AI Deep Dive: Advancing from Proof of Concept to Production

Understanding User Needs and Satisfying Them

Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Leading the Development of Profitable and Sustainable Products

How To Get Promoted In Product Management

MORE WEBINARS

It’s not your data. It’s how you use it. Unlock the power of data & build foundations of a data driven organisation

CIO Business Intelligence

MAY 24, 2022

Data has always been fundamental to business, but as organisations continue to move to Cloud based environments coupled with advances in technology like streaming and real-time analytics, building a data driven business is one of the keys to success. There are many attributes a data-driven organisation possesses.

Data-driven

Data-driven Data Lake Data Warehouse Cost-Benefit

How data stores and governance impact your AI initiatives

IBM Big Data Hub

OCTOBER 12, 2023

Once trained and deployed, models also need reliable access to historical and real-time data to generate content, make recommendations, detect errors, send proactive alerts, etc. To optimize data analytics and AI workloads, organizations need a data store built on an open data lakehouse architecture.

Cost-Benefit

Cost-Benefit Metadata Data Governance Modeling

Themes and Conferences per Pacoid, Episode 6

Domino Data Lab

FEBRUARY 4, 2019

In my experience, hyper-specialization tends to seep into larger organizations in a special way… If a company is say, more than 10 years old, they probably began analytics work with a business intelligence team using a data warehouse. Stakeholders increasingly depend on results from data science teams.

Data Science

Data Science Experimentation Data-driven Machine Learning

Budget Forecasting: What It Is and How To Do It

Jet Global

FEBRUARY 2, 2022

Forward-looking financial documents may include budgets, projections, forecasts, and pro forma financials. In a recent post , we covered the fundamental distinctions between forecasts and projections. Budgeting and forecasting, likewise, are somewhat different. What is a Forecast? So What Exactly is “Budget Forecasting”?

Forecasting

Forecasting IT Recreation/Entertainment Finance

Financial Forecasts vs. Projections: 3 Essential Differences

Jet Global

SEPTEMBER 22, 2021

Financial Forecast vs. Projection In a Nutshell : Projections outline financial outcomes based on what might possibly happen, whereas forecasts describe financial outcomes based on what you expect actually will happen, given current conditions, plans, and intentions. Financial Forecasts vs. Projections.

Forecasting

Forecasting Recreation/Entertainment Finance Reporting

Demand Planning and Forecasting: The Key to Supply Chain Challenges

Jet Global

OCTOBER 18, 2021

The “What” and “Why” of Demand Planning and Forecasting. To allocate assets effectively and operate more efficiently, supply chain managers have turned to the science of demand planning and forecasting. Demand forecasting is about predicting potential spikes or troughs in demand. Successful Demand Planning and Forecasting.

Forecasting

Forecasting Recreation/Entertainment Sales Finance

How Agile is Corporate Forecasting?

Jet Global

JULY 16, 2021

The results of the FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 analyzes the performance and agility of the PBF processes across over 500 organizations. They show that, on the whole, we forecast more quickly than we did four years ago, but that forecast accuracy has deteriorated. Consolidation.

Forecasting

Forecasting Recreation/Entertainment Snapshot Finance

Why Smart CFOs Are Transforming the Planning, Budgeting, and Forecasting Process (PBF)

Jet Global

JULY 2, 2021

FSN’s most recent research, “Agility in Planning, Budgeting and Forecasting” , confirms and quantifies the compelling advantages of modernizing and digitizing the planning, budgeting, and forecasting process. In a nutshell, transformation leaders forecast more quickly and accurately and further out on the time horizon.

Forecasting

Forecasting Recreation/Entertainment Finance Reporting

The Characteristics of Those Using Rolling Forecasts

Jet Global

JULY 20, 2021

The results of the recent FSN’s Agility in Planning, Budgeting, and Forecasting (PBF) Survey 2021 clearly shows how implementing rolling forecasts helps organizations to improve both forecast speed and accuracy. However, rolling forecasts are not something you can create and manage in spreadsheets.

Forecasting

Forecasting Recreation/Entertainment Snapshot Finance

16 Top Hospital KPIs for 2024 Reporting

Jet Global

MARCH 25, 2024

Insurance Claim Processing Time and Cost : These hospital KPIs show the amount of time and money spent by the hospital staff processing insurance claims instead of providing healthcare. Average treatment cost could be broken down by age group, condition, patient history and risk factors to provide further insight.

Reporting

Reporting KPI Key Performance Indicator Metrics

16 Top Hospital KPIs for 2023 Reporting

Jet Global

JUNE 25, 2023

Insurance Claim Processing Time and Cost : These hospital KPIs show the amount of time and money spent by the hospital staff processing insurance claims instead of providing healthcare. Average treatment cost could be broken down by age group, condition, patient history and risk factors to provide further insight.

Reporting

Reporting KPI Key Performance Indicator Metrics

Exercising Control Over Transfer Pricing: How to Avoid Risks at Year-End

Jet Global

JUNE 17, 2021

Although the workbooks were standardized, data entered were not always complete or in line with numbers forecast earlier in the year. The semi-manual approach to data capture also led to inaccuracies that needed to be managed and corrected centrally. The Need to Free Up Time. User Acceptance.

Risk

Risk Recreation/Entertainment Forecasting Manufacturing

5 Ways to Ensure ERP Migration Success

Jet Global

NOVEMBER 8, 2021

Once your new ERP is in place, financial and operational reporting should have access to uninterrupted data sets and forecasting that draws on a successive, accurate history. Essentially, the data will not give clues that it was ever transported from one system to another. Why You Should Migrate. Consolidation. None right now.

Recreation/Entertainment

Recreation/Entertainment Reporting Finance Cost-Benefit

16 Top Hospital KPIs for 2021 Reporting

Jet Global

SEPTEMBER 30, 2021

Insurance Claim Processing Time and Cost : These hospital KPIs show the amount of time and money spent by the hospital staff processing insurance claims instead of providing healthcare. Average treatment cost could be broken down by age group, condition, patient history and risk factors to provide further insight.

Reporting

Reporting KPI Key Performance Indicator Metrics

The Four C’s of Financial Planning in 2021

Jet Global

SEPTEMBER 24, 2021

For many businesses, the idea of financial forecasting or planning based on last year’s numbers seems far less advisable than it was in the past. Fortunately, there are some powerful tools available to make financial planning, forecasting, and budgeting processes significantly easier than they once were. Finance Plays a Pivotal Role.

Finance

Finance Forecasting Recreation/Entertainment Sales

89% of Finance Pros Are Unhappy: Here’s Why

Jet Global

FEBRUARY 28, 2022

Creating operational reports using Microsoft Power BI requires significant technical skills and investment in a data warehouse to transform data into an optimal format for operational reporting, which loses the immediacy of the data and makes it more difficult to drill into transactional data to answer follow-up questions.

Finance

Finance Operational Reporting Recreation/Entertainment Reporting

The Importance of Data Quality in Financial Reporting

Jet Global

DECEMBER 23, 2021

Although the FSN study cannot pinpoint the exact percentage contribution that data errors make to the month-end mountain, any errors that are not trapped when and where they occur, lead to significant bunching of activities and delays at the corporate center every period-end. Consolidation. None right now.

Data Quality

Data Quality Reporting Recreation/Entertainment Finance

Planning vs Forecasting: Four Key Differences

Jet Global

DECEMBER 30, 2021

Many people use terms like “planning,” “forecasting,” “budgeting,” and “financial projection” somewhat interchangeably. When it comes to a plan vs forecast in particular, the line can be blurry. Let’s look at four key features that distinguish financial planning from forecasting: 1. Access Resource Now.

Forecasting

Forecasting Recreation/Entertainment Sales Finance

Introductory Guide to Business Cash Flow Planning

Jet Global

JULY 14, 2022

Cash Flow Forecast. Your cash flow forecast, the ultimate goal of cash flow planning, represents cash flow for your company in a given future time period, usually 12 months. You have several ways to forecast your cash flow, which benefits your business so you can be ready for difficulties ahead when they actually happen.

Finance

Finance Cost-Benefit Measurement Sales

Ultimate Guide to ESG Reporting

Jet Global

MARCH 2, 2022

In terms of the regulation, asset management, pension funds, and insurers must disclose how they take ESG issues into account in their investment decisions. These recommendations are designed to help companies provide better information that gives investors, lenders, and insurers the ability to make better decisions regarding investments.

Reporting

Reporting Recreation/Entertainment Risk Insurance

Why Construction Businesses Should Track KPIs to Conquer Economic Uncertainty

Jet Global

FEBRUARY 2, 2023

The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9% There are two types of performance measures that form the base of every analytics program: KPIs and metrics. Safety incidents lead to mounting costs, including increased insurance payments and settlements.

Uncertainty

Uncertainty KPI Reporting Measurement

10+ Government KPIs for 2021 Reporting

Jet Global

JUNE 25, 2021

Your KPIs should be a mix of: Leading and lagging metrics : Ensure that you have both predictive (leading) and corrective (lagging) measures to forecast and report performance, respectively. Consolidation. None right now.

Reporting

Reporting KPI Metrics Measurement

The Trickle-Down Effect of Manual Processes for Finance Teams

Jet Global

MAY 21, 2021

Finance teams working on financial reporting, operational reporting , FP&A, or demand forecasting often require a specialized, customized set of reports that enable drill-down capabilities and comparative analysis between data sets that may exist in disparate formats or systems.

Finance

Finance Recreation/Entertainment Reporting Forecasting

Global Tax Trends in 2021 and 2022: How to Manage Through an Era of Transformation

Jet Global

JANUARY 24, 2022

Relying on manual or spreadsheet-based processes to gather data from subsidiaries and forecast tax liabilities will be even less tenable than in previous years. This includes mid- and long-term forecasts, as well as “what-if” scenarios that help senior leaders prepare for the future, however unexpected that might prove to be.

Management

Management Recreation/Entertainment Finance Forecasting

Help Your CFO Double Their Strategic Value

Jet Global

NOVEMBER 23, 2021

Deep data capabilities allow your CFO to find and analyze both financial and operational information by looking up a set of dimensions that are specific to your business. Near Real-Time Data Integration with Your Systems and Built-in Forecasting Modules. Consolidation. None right now.

Slice and Dice

Slice and Dice Recreation/Entertainment Reporting Finance

7 Keys to Effective Planning, Budgeting, and Forecasting

Jet Global

JANUARY 31, 2022

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. Monitor, Forecast, and Adjust. The idea of changing your approach to planning, budgeting, and forecasting may seem daunting.

Forecasting

Forecasting Recreation/Entertainment Finance Software

Examining the Skills Most in Demand by Tax Teams: The Merger of Tech and Finance

Jet Global

FEBRUARY 14, 2022

Tax leaders recognize that their teams need entirely new technical skills, with data analytics (45%) and technology transformation (43%) at the top of their wish lists,” it says. In the second of its three-part Tax Transformation Trends series, it explains how technology will alter the skills mix required. Consolidation.

Finance

Finance Recreation/Entertainment Software Reporting

How Technology Helps CFOs Make Lightning-Fast Finance Decisions

Jet Global

MAY 25, 2023

We were delighted to be joined by our client, Savings Bank Life Insurance (SBLI), to discuss the evolution of The Office of the CFO and how technology can support better decision making. insightsoftware recently hosted a webinar on the topic of “ The Office of the CFO – A New Era: Decision Making at the Speed of Light ”.

Finance

Finance Technology Reporting Operational Reporting

5 Ways Certent Equity Management Can Help You with Your SPAC

Jet Global

DECEMBER 13, 2021

Directors and officers (D&O) insurance carriers are now also adjusting their premiums and policy terms to account for these increased risks in using SPACs.?Such This slamming of the brakes is due to increased scrutiny from the United States Securities and Exchange Commission (SEC) along with plaintiff stockholder class action law firms.?Directors

Management

Management Recreation/Entertainment Reporting Insurance

From Steward to Strategist via Value-Added Analysis

Jet Global

JUNE 2, 2021

With purpose-built tools for financial reporting, operational reporting, financial planning and analysis, tax provisioning and reporting, disclosure management, and more, insightsoftware integrates with more ERP and other business systems than any competitor in the industry to provide fast, automated access to accurate data. Consolidation.

Finance

Finance Recreation/Entertainment Reporting Software

Efficiently Scaling Your Cap Table: A Look at Equity Management Solutions

Jet Global

JULY 13, 2021

Investors typically want to understand how much control they have over the company, forecast potential payouts, and calculate dilution under various possible future scenarios. Finally, any leadership team evaluating term sheets should understand the economic impacts prior to completing any stock purchase agreement. Consolidation.

Management

Management Recreation/Entertainment Reporting Software

Workforce Planning Best Practices for 2022

Jet Global

DECEMBER 22, 2021

Human resources has some special requirements with respect to the privacy and security of confidential employee data. Company executives need HR analytics that give them a complete picture, including employer taxes, benefits, and other non-wage expenses. Yet the security and confidentiality of that information is paramount.

Recreation/Entertainment

Recreation/Entertainment Finance Software Reporting

What is the Business Intelligence Cycle?

Jet Global

DECEMBER 7, 2021

As business analytics tools become more powerful and affordable than ever before, more and more business leaders are building upon their existing technology toolsets to add true business intelligence (BI) to their organization’s capabilities. We should be clear from the outset that BI is fundamentally different from reporting. Consolidation.

Business Intelligence

Business Intelligence Slice and Dice Recreation/Entertainment Reporting

Step-by-Step Guide to Month-End Close + Free Checklist

Jet Global

JANUARY 20, 2022

If a particular account reconciliation process bogs things down, consider shifting to near-real-time reporting and analytics tools that can make your life easier by extracting information directly from your ERP system and making it available in Microsoft Excel. Doing so can streamline your processes and save hours of intensive work.

Recreation/Entertainment

Recreation/Entertainment Reporting Finance Software

Ultimate Guide to Equity Compensation Management and Software

Jet Global

FEBRUARY 4, 2022

Consolidation. None right now.

Software

Software Management Recreation/Entertainment Reporting

Navigating Banking and Insurance With Longview Tax

Jet Global

JUNE 5, 2023

The same report finds that 37% of businesses think a lack of a sustainable plan for data and technology is the biggest barrier to achieving their tax and finance function’s vision. Modernizing tax tools will improve collaboration throughout the consolidation process and increase the granularity of the data available to work with.

Insurance

Insurance Finance Forecasting Reporting

11 Financial Model Examples & Templates for 2021

Jet Global

APRIL 5, 2021

Executives typically use financial models to make decisions regarding: Budgeting and forecasting. That means the FP&As are the people creating the budget and performing financial forecasting to help the CFO and other members of senior management understand the company’s financial situation. Forecasting Models.

Modeling

Modeling Forecasting Metrics Finance

Top 5 KPIs for Strategic Planning

Jet Global

MAY 5, 2021

This metric highlights the performance of sales and marketing while helping to inform financial forecasts. Every business needs to understand what it is spending to attract customers compared to what it gains for each customer attracted.

Recreation/Entertainment

Recreation/Entertainment Metrics Key Performance Indicator Finance