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IT leaders look beyond LLMs for gen AI needs

CIO Business Intelligence

And the benefits of MakeShift’s use of AI are beginning to multiply. With the generative AI gold rush in full swing, some IT leaders are finding generative AI’s first-wave darlings — large language models (LLMs) — may not be up to snuff for their more promising use cases. It’s fabulous.”

IT 118
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Expion Health revamps its RFP process with AI

CIO Business Intelligence

For Expion Health, a cumbersome manual process to determine what rates to quote to potential new customers had become a cap on the healthcare cost management firm’s ability to grow its business. ExpionIQ Advisor has cut the time to calculate the numbers needed for an RFP to a few hours, instead of days, Kumar says.

IT 86
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Do the Benefits of Cloud Outweigh the Costs?

Jet Global

But the constant noise around the topic – from cost benefit analyses to sales pitches to technical overviews – has led to information overload. In fact, a recent Gartner report on cloud expenditure found that cross-industry cloud spend has risen from 8% as a percentage of total IT spend in 2018 to 16% in 2022.

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3 Massive Cost-Saving Benefits of Smart Data for Businesses

Smart Data Collective

For example, they could maximize their employees’ skills or cut production costs. They can use itto forecast more precisely and streamline operations,and they can also use it to reduce business expenses. Not only that, but the cost of a bad employee remaining at a company is almost 30% of an employee’s annual salary.

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Why Rolling Forecasts Are a “Must”!

Jet Global

In periods of great uncertainty, organizations forecast more frequently in the hope that it will give them a better handle on their trading prospects, levels of activity, and resources needed for the coming months. The forecasting wheel is turning faster and faster, but the process hasn’t changed materially.

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Better Budgeting, Planning, and Forecasting With Bizview D365BC Connector

Jet Global

This applies to collaborative planning, budgeting, and forecasting, which, without the right tools, can be daunting on its best day. The truth is, your collaborative planning, budgeting, and forecasting processes are probably fine. Yes, Bizview can deliver planning and budgeting process benefits, but where is the risk?

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Planning vs Forecasting: Four Key Differences

Jet Global

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.