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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 ”what-if” situations according to both known and unknown information. Learn how to enable complex planning and forecasting processes. Discover our top tips for achieving tax agility in 2020.

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5 Ways Real-Time Financial Reporting Mitigates Enterprise Risk

Jet Global

2020 brought with it a series of events that have increased volatility and risk for most businesses. Let’s look at some of the key risk categories that are often encountered by growing businesses. Credit Risk. An area of particular concern is credit risk concentration. Revenue Concentration Risk.

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Get Ready For These Six 2020 Business Intelligence Trends

Smart Data Collective

Here are the six trends you should be aware of that will reshape business intelligence in 2020 and throughout the new decade. In the future, companies that come to rely on these new data sources will also need to protect that data — or risk the consequences. How Business Intelligence Will Change in 2020.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services.

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Can AI Slash the Costs of Accounting Errors in 2020?

Smart Data Collective

Machine learning is helping companies in every sector optimize their business models. A few of them are listed below: Machine learning technology can help forecast demand for your products or services. Most accounting systems track risk assessments. The post Can AI Slash the Costs of Accounting Errors in 2020?

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PODCAST: COVID19 | Redefining Digital Enterprises – Episode 7: The Impact of COVID-19 on Financial Services & Risk Management

bridgei2i

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

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Five Ways AI Can Help States Solve Their Hardest Problems (Part 1): Enhance Crisis Response

DataRobot

Many available forecasts provide less than four weeks notice at the state and county level. Additionally, these forecasts often miss surges in community transmission until it is too late to change course. Traditional predictive models do not account for anomaly detection on data reporting issues (e.g., reporting backlogs).