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Turning climate risks into business opportunitiesĀ 

IBM Big Data Hub

As businesses make plans to mitigate climate risks such as extreme weather events, they have an opportunity to innovate with new business models and demonstrate leadership by implementing more sustainable practices. What is climate risk? These risks can make it difficult or impossible for organizations to operate in affected locations.

Risk 66
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Humans-in-the-loop forecasting: integrating data science and business planning

The Unofficial Google Data Science Blog

ln this post he describes where and how having ā€œhumans in the loopā€ in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Googleā€™s internal time series forecasting platform described in an earlier blog post.

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5 Tips for High Quality Finance Forecasting

Jedox

A high-quality business forecast delivers far more than just numbers. It provides valuable information on what still needs to be done by whom in order to achieve the budget goals set. Finance professionals regularly try to look in their crystal ball with forecasts and enable the company to have seamless, solid planning.

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Predictive Analytics Drives Criminal Justice Reform with Recidivism Forecasting

Smart Data Collective

National Institute of Justiceā€™s (NIJ) ā€œ Recidivism Forecasting Challenge ā€ (the Challenge) aims to increase public safety and improve the fair administration of justice across the United States. NIJ seeks to use and distribute rigorous evidence to inform practice and policy; often relying on data analytic methods to do so.

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Mitigating the impact of climate change in insurance and other financial servicesĀ Ā 

IBM Big Data Hub

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Longer-term local climate change risks might still devalue property that hasn’t suffered damage. As a result, their market would shrink.

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How Scenario Planning for Tax Forecasts Should Work in 2021

Jet Global

It helps them to react to small and large market fluctuations in the most cost-effective and strategic manner, modelling ā€what-ifā€ situations according to both known and unknown information. Learn how to enable complex planning and forecasting processes. Understand how to reduce tax errors and improve productivity.

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Five Types of Concentration Risks to Monitor in Real Time

Jet Global

In the more modern terminology of business, we could rephrase that to say ā€œbe careful about concentration risk.ā€. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98