Jedox

APRIL 16, 2020

Dean Boyer as a guest to the Jedox Blog for our series on “Managing Uncertainty” Mr. Boyer is a Director of Technology Services at Marks Paneth LLP, a premier accounting firm based in the United States. What does your economic forecast look like for the foreseeable future? Budget available resources and investments.

Uncertainty 94

Uncertainty Management Forecasting Predictive Modeling 94

IBM Big Data Hub

JULY 5, 2023

You can scale your cloud resources up or down to meet demand, and costs will follow. Cloud optimization helps reduce waste and avoid overspending by identifying unused resources and neglected tools. How will we provision our cloud resources and monitor and control spending over time? It’s not only about getting costs down.

Optimization 68

Optimization Forecasting ROI Metrics 68

IBM Big Data Hub

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Data integration and analytics IBP relies on the integration of data from different sources and systems.

Key Performance Indicator 80

Key Performance Indicator Forecasting Data Integration Sales 80

IBM Big Data Hub

JANUARY 25, 2024

2 Unless your demand forecasting is accurate, adopting a reactive approach might prove less efficient. Many organizations lack the in-house resources or knowledge to run these necessary procedures but those capable of doing so report: 3 A 50% reduction in unplanned downtime associated with parts. A 35% decrease in maintenance budgets.

Optimization 79

Optimization Cost-Benefit Prescriptive Analytics Manufacturing 79

IBM Big Data Hub

NOVEMBER 10, 2023

A recent survey 1 found that cloud over-spending was higher in 2022 than in the previous year: 56% of companies surveyed admitted that spending on public cloud was significantly over budget, some by over 20% to 30% of their intended spend. But there’s another option: cloud management platforms and FinOps to better manage costs.

Optimization 73

Optimization Machine Learning Interactive Management 73

datapine

APRIL 12, 2023

In other words, incremental sales are a KPI or method used to interpret the financial outcomes of your marketing efforts to make informed resource allocation decisions and drive growth. That said, experimenting with various types of media, channels, touchpoints, and platforms should form an integral part of your budgeting strategy.

Sales 176

Sales KPI Metrics Cost-Benefit 176

IBM Big Data Hub

DECEMBER 4, 2023

It empowers businesses in their sales planning, budgeting and forecasting processes.   Adoption barriers  The steep learning curve associated with planning tools can restrict overall adoption and hinder their effective use in supporting budgeting, investments and forecasting planning. . 

Forecasting 51

Forecasting Finance Optimization Marketing 51

CIO Business Intelligence

NOVEMBER 8, 2023

Due to the current economic circumstances security teams operate under budget constraints. It’s clear that traditional perimeter-based security models and limited security resources are ill-equipped to handle these challenges. Hence, they are focused on the need to optimize operational spending across two domains.

Cost-Benefit 134

Cost-Benefit Risk Digital Transformation Reporting 134

Jedox

JUNE 4, 2020

This week we are pleased to welcome one of our valued Jedox Partners in the USA as a guest to the Jedox Blog. Budgeting is an extraordinarily powerful tool to keep your business on track. Yet in recent surveys, the majority of smaller businesses (over 61%) didn’t create a budget. Re-forecasting for the remainder of the year.

Forecasting 64

Forecasting Uncertainty Data Processing Finance 64

IBM Big Data Hub

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. Ultimately, enabling real-time monitoring of site activities and enrollment progress could prompt timely mitigation actions ahead of time.

Optimization 57

Optimization Forecasting Data-driven Strategy 57

IBM Big Data Hub

AUGUST 16, 2023

As a result, IT budgets are experiencing decreases along with overall operational budgets. In addition, companies can run up cloud costs because they provision more resources than necessary for their normal business functions. It enables the lowest-level control of resources in the cloud.

Cost-Benefit 67

Cost-Benefit Data Processing Optimization Software 67

IBM Big Data Hub

JUNE 30, 2023

Pair that with a semiconductor shortage amidst global car sales that are forecasted to top 69 million , and you can understand that disruptions in the automotive supply chain would be detrimental to the industry.​ The post Building a sustainable automotive supply chain appeared first on IBM Blog.

B2B 64

B2B Manufacturing Consulting Forecasting 64

Jedox

APRIL 16, 2020

Dean Boyer as a guest to the Jedox Blog for our series on “Managing Uncertainty” Mr. Boyer is a Director of Technology Services at Marks Paneth LLP, a premier accounting firm based in the United States. What does your economic forecast look like for the foreseeable future? Budget available resources and investments.

Uncertainty 52

Uncertainty Management Forecasting Predictive Modeling 52

Jedox

JUNE 25, 2020

Instead of controlling and updating budgets, the identification of value and cost drivers and the stronger intertwinement of financial planning and operational planning are required for long term success. Companies invest a lot of time and resources in their business planning. The preparation of annual budgets is very time consuming.

Technology 93

Technology Finance Cost-Benefit Forecasting 93

IBM Big Data Hub

NOVEMBER 10, 2023

Once your business has decided to switch to an enterprise resource planning (ERP) software system, the next step is to implement ERP. This is the first step to a successful enterprise resource planning integration and must be completed prior to choosing an ERP software.

Enterprise 119

Enterprise Consulting Testing Cost-Benefit 119

Sisense

JANUARY 26, 2020

All those customer insights can be used in a number of creative ways to better focus resources and improve products. Improve forecasts and maximize revenue. Gentex made the most of their budget to optimize their incoming revenue. They use predictive models to forecast revenues based on spending.

Predictive Analytics 78

Predictive Analytics Manufacturing Analytics Forecasting 78

Jedox

JULY 11, 2019

For most finance professionals, Excel has long been the gold standard for budgeting, planning, and forecasting. In a 2018 survey , 80% of organizations reported they are still reliant on Excel for their budgeting, planning, and forecasting and almost as many reported that non-integrated systems present a challenge.

Forecasting 40

Forecasting IT Digital Transformation Finance 40

Smarten

APRIL 28, 2023

In fact, today’s productivity statistics have decreased in nearly all segments of the economy and improved productivity can provide a competitive edge and allow your business to function with fewer resources. Mobile BI can add efficiency and access for your team to help you achieve your productivity goals.

Slice and Dice 52

Slice and Dice Business Intelligence ROI Statistics 52

datapine

MARCH 31, 2022

For a full rundown of European BI salary averages, check out this resource from Data Career. Added to this, if you work as a data analyst you can learn about finances, marketing, IT, human resources, and any other department that you work with. They can help a company forecast demand, or anticipate fraud. Not bad, huh?

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

IBM Big Data Hub

OCTOBER 5, 2022

You also build planning models to capture relationships and constraints so that you can change your driver assumptions and immediately see the impact on resources and capacity over time. As such, planning becomes a continuous rolling activity as the lines between “plan”, “budget” and “forecast” are blurred.

Analytics 52

Analytics Forecasting Predictive Modeling Manufacturing 52

IBM Big Data Hub

JUNE 30, 2023

Improve forecasting accuracy Develop a good understanding of materials needed for infrastructure expansion or transportation of services/goods and ensure stock levels are sufficient. All of which can lead to reduction in asset downtime, maintenance budget savings, reduction in inventory costs, and an increase in service levels.

Consulting 63

Consulting B2B IoT Optimization 63

IBM Big Data Hub

JANUARY 16, 2024

During this process, a business should extensively research similar products and fully investigate the new product’s competitive advantage over other offerings to forecast an accurate future market share. Will the benefit of a product or feature improve engagement and outweigh the resources expended?

Strategy 80

Strategy Cost-Benefit Testing Manufacturing 80

IBM Big Data Hub

FEBRUARY 14, 2024

AI software can identify when and how resources are used, and match actual demand in real time. See what’s ahead AI can assist with forecasting. By introducing AI into energy generation, transmission and distribution processes, AI can also improve customer care, freeing up resources for innovation.

Cost-Benefit 86

Cost-Benefit Insurance Unstructured Data Machine Learning 86

IBM Big Data Hub

SEPTEMBER 19, 2023

New Relic, on the other hand, generally relies on manual configuration and effort to achieve comprehensive observability, resulting in increased time and resource allocation. Learn more about IBM Instana The post Buying APM was a good decision (so is getting rid of it) appeared first on IBM Blog.

IT 86

IT Metrics Forecasting Technology 86

Cloudera

NOVEMBER 12, 2020

Traditional on-premise architectures, which create a fixed, finite set of resources, forces every business request for new insight to be a crazy resource balancing act, coupled with long wait times, or a straight-up no, it cannot be done. This causes resource restrictions on various groups that use the platform.

Data Warehouse 101

Data Warehouse Reporting Risk Cost-Benefit 101

Jedox

JUNE 26, 2019

Anders Liu-Lindberg, as a guest to the Jedox blog. Over the next few weeks, we’ll be sharing a blog series by Mr. Liu-Lindberg that focuses on how FP&A is changing in a rapidly evolving global marketplace and how you can help elevate the value your finance department provides across your organization. FP&A needs a new mindset.

Finance 89

Finance Data-driven Forecasting Marketing 89

Jedox

MARCH 13, 2019

For way too long, there has been a long-running cold (and sometimes warm, or even hot) war between Sales and Finance when it comes to designing, creating, analyzing, and ultimately utilizing the “Forecast/Budget/Plan” to execute the business strategy. Integrated Planning Across All Departments. Register Now for the Upcoming Webinars.

Sales 40

Sales Strategy Management Forecasting 40

Jedox

JUNE 26, 2018

This is the third in a series of blogs discussing the requirements of a successful Corporate Performance Management (CPM) implementation. The first two blogs stressed the importance of Executive Involvement and explained why the Office of the CFO, not IT, should lead the implementation. Many Vendors Claim CPM Expertise .

Forecasting 42

Forecasting Sales Software Consulting 42

Cloudera

JANUARY 20, 2021

This is the first in a six-part blog series that outlines the data journey from edge to AI and the business value data produces along the journey. Reporting – delivering business enterprise insight (sales analysis and forecasting, market research, budgeting as examples). More Data Collection Resources.

Digital Transformation 105

Digital Transformation Manufacturing Data Warehouse Predictive Analytics 105

IBM Big Data Hub

JULY 27, 2023

Cost control and budgeting : EAM systems provide valuable insights into asset performance as it relates to maintenance costs. By analyzing asset data, companies can identify inefficiencies, uncover cost-saving opportunities and make more accurate budget forecasts.

Cost-Benefit 58

Cost-Benefit IoT Internet of Things Enterprise 58

Smarten

JUNE 24, 2022

Provide forecasts to estimate the financial impact of proposed initiatives and projects and ensure positive return on investment (ROI). Monitor budgets, resources and deliverables and report on performance. Review income statements and compare results to expected performance to inform annual reporting and stay on track.

Analytics 52

Analytics Key Performance Indicator Finance Sales 52

Smart Data Collective

JUNE 28, 2021

Kayla Mathews addressed this trend in a blog post last year : “Walmart is one of the major e-commerce brands contributing to the data center boom. It is possible for companies using sophisticated data analytics infrastructures to forecast various stages and trends among their demographics, whether low or high turnover.

Management 87

Management Big Data Data Processing Advertising 87

Alation

NOVEMBER 28, 2022

They can even set their spreadsheets to auto-refresh on schedule, saving valuable time, money, and resources. Sales operations rely on spreadsheets for forecasting and resource planning. Subscribe to Alation's Blog. The spreadsheet problem. This is a huge boon for productivity. In conclusion. Q&A with the Creators.

Descriptive Analytics 52

Descriptive Analytics Risk Sales Data-driven 52

Alation

MARCH 7, 2023

It’s a resource we can use and reuse to create better outcomes for our communities, customers, and employees. How Avista Leverages Alation: 5 Key Uses Cases Weather forecasting As weather changes, so does the need for energy to cool or heat customer homes and businesses. That’s where I come in.

Data-driven 52

Data-driven Forecasting Data Science Optimization 52

Jedox

JULY 17, 2018

However, the necessary resources and experts to implement these new technologies are still limited today – both inside and outside the organization. What are predictive analytics, artificial intelligence, and machine learning – and how can they support fp&a, sales forecasting and other business processes now and in the future?

Machine Learning 46

Machine Learning Technology Digital Transformation Predictive Analytics 46

Jedox

JULY 18, 2019

Operating within your organization’s framework, as we discussed in the previous posts in this blog series , will frame how your FP&A team carries out this mandate. How can you best support your FP&A team so they can improve their budgeting, forecasting, and planning? How do we know?

Finance 59

Finance Forecasting Strategy Business Intelligence 59

IBM Big Data Hub

JULY 19, 2023

The explosion in digital data—in combination with declining availability of skilled and willing human resources to ingest and process the digital data in a compliant manner—is forcing life sciences organizations to explore AI, machine learning and now generative AI technologies. in 10 years, from 2012 to 2022.

Consulting 62

Consulting Machine Learning Manufacturing Optimization 62