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Decision Making with Uncertainty Requires Wideward Thinking

Andrew White

COVID-19 and the related economic fallout has pushed organizations to extreme cost optimization decision making with uncertainty. In the realm of AI and Machine Leaning, data is used to train models to help explore specific business issues or questions. The models are practically useless. Everything Changes.

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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. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. In 2023, big data Is no longer a luxury.

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Humans and AI: How Should You Talk About AI? Be Positive or Give Warnings?

DataRobot

In a July 2020 interview with the New York Times , Musk expressed his opinion that London research lab DeepMind is a “top concern” when it comes to artificial intelligence. AI and Uncertainty. Some people react to the uncertainty with fear and suspicion. This finding held regardless of the characteristics of the uncertainty.

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IT budget shock: Global IT services firms continue to struggle

CIO Business Intelligence

The global IT services industry is at a significant crossroads, with the explosive growth of generative AI and deepening economic uncertainties reshaping its future. Tata Consultancy Services experienced its slowest profit growth since 2020 in the December quarter, and Infosys failed to meet its quarterly profit expectations.

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How the cloud and AI will help more companies become future proof

CIO Business Intelligence

In a world where macroeconomic uncertainty has become the new normal, being future-proof is no longer a ‘nice to have’. We all saw a global case study in how the cloud can support resiliency when the pandemic hit in 2020. It’s easy to see why. It’s a must have. IT Leadership

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The top 7 FP&A trends for 2023

Jedox

In times of uncertainty and change, technology can drive our ability to adapt quickly. A recent study by the Business Application Research Center (BARC) revealed that, in just two years, productive use of predictive planning technology in corporate planning had increased nearly 7x from 4% in 2020 to 27% in 2022.

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Surviving Radical Disruption with Data Intelligence

erwin

Now to survive and thrive in the face of radical disruption requires radical transformation and new business models. The companies that come out of this historic period of global uncertainty and change are those who’ve taken intelligent and data-driven approaches to their businesses. Subscribe to the erwin Expert Blog.