8 business concepts IT leaders should master

CIO Business Intelligence

CIOs know they must be business leaders, but the business knowledge they must bring to the proverbial table is something of a moving target. Speaking to that latter point, CIO.com polled analysts, consultants, and CIOs about the must-have business concepts of today.

Three Benefits of Driver-Based Budgeting

Insight Software

Driver-based budgeting (DBB) is a planning and budgeting process that focuses on the key variables that most dramatically impact business performance and ties budget numbers to the physical resources necessary to achieve targets for each of those variables.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Top 10 business needs driving IT spending today

CIO Business Intelligence

1 business need driving tech spending for the current year, followed by increasing operational efficiency and improving customer experience. Transforming existing business processes, improving employee productivity, and improving profitability rounded out the top six.

Why Data Governance Is Crucial for All Enterprise-Level Businesses

Cloudera

Even the COVID-19 pandemic and the acceleration to digital transformation — when data and data insights became two of the main business drivers — haven’t improved the situation. The post Why Data Governance Is Crucial for All Enterprise-Level Businesses appeared first on Cloudera Blog.

Integrated Business Planning – Provides continuous visibility and drives consensus

bridgei2i

Case study: Integrated Business Planning – Provides continuous visibility and drives consensus. Business Context. It was able to support multiple upstream and downstream business processes and give a lot more control to the client to tune their business drivers for topline gain.

Types of Data Models: Conceptual, Logical & Physical

erwin

Conceptual Data Models: High-level, static business structures and concepts. Typically, business stakeholders and data architects will create such a model to convey what a system contains. Choosing Between Types of Data Models for Business Stakeholders: Focus on What’s Important.

KPI Dashboard during Covid and Beyond

BizAcuity

KPIs are industry-specific metrics that specifically focus on the performance of a gaming business over a stipulated time period. Depending on the observed metrics of the online casino, the business may need to zoom in and focus on the improvement of specific KPIs over others.

KPI 52

Alation State of Data Culture Report: Bad Data Spells Trouble for AI

Alation

This latest report went beyond assessing organizations on the state of their data culture and key business drivers for data and analytics, and included an in-depth look at how organizations are deploying AI and the challenges inhibiting optimal results from those initiatives.

What Is Enterprise Performance Management?

Jedox

A new calendar year can be a great time to take a renewed, fresh look at your business planning and performance management. Let’s go back to the basics for a few minutes: From the definition of Enterprise Performance management through its business value.

When Does VMware Cloud on AWS Make Sense?

Sirius Computer Solutions

There are several compelling business factors that drive this solution for many clients which we’ll discuss, but the reality is that it is not a technical driver, it is a business driver. What is the business value?

The Value of Data Governance and How to Quantify It

erwin

As Mr. Pörschmann highlighted at the beginning of the series, data governance works best when it is strongly aligned with the drivers, motivations and goals of the business. The business drivers and motivation should be the starting point for any data governance initiative.

The Case for Continuous Financial Planning after Covid-19

Insight Software

Financial planning has always been vital to businesses in order to make sound, long-term decisions. The way we perceive business risk, and how we manage it, is fundamentally different for every finance leader on the planet.

The Never-Ending Evolution of Data Governance

erwin

For many organizations, data is the heart of the business, and data intelligence is the key differentiator. 91% of organizations place it among their top 10 business and technology priorities. New Drivers.

Incorporating Artificial Intelligence for Businesses : The Modern Approach to Data Analytics

BizAcuity

This article (like thousands of other articles), is aimed at presenting consolidated information about AI for business in simple language. AI for Business. The widespread adoption of AI technology is fueled by 3 major challenges that businesses have been facing since the last decade.

Eash Sundaram: CIOs offer much-needed expertise to PE-owned businesses

CIO Business Intelligence

After nearly 10 years at JetBlue, where he served as chief digital and technology officer, Eash Sundaram recently took on a new role: operating executive at Tailwind Capital, a private equity firm that focuses on mid-market companies in the business and industrial services markets.

Alation State of Data Culture Report: The Conflict Between Growth and Governance

Alation

Generating revenue ranks as the top business driver of data and analytics initiatives. That’s shown by the nearly two-thirds (63%) of data professionals who say enabling business growth takes precedence over protecting the business when it comes to their data strategy.

Performance Management Done Right Is A Gold Mine Of Insight

Jedox

Mr. Liu-Lindberg is the co-founder and COO of the Business Partnering Institute (BPI). A purpose-driven consulting firm aiming at cracking the code on business partnering, BPI helps unlock the value potential of the finance function. Business performance reviews – not financial.

Using Data to Adapt Your Workforce

Sisense

Other businesses have had to furlough staff, with some even cooperating with other organizations to find their staff other work, helping ease the transition to their workers’ next steps. What is the business plan going forward? Lots of businesses are in hiring freezes right now.

Invest in a Data Culture or Fall Behind: Q3 2021 State of Data Culture Report

Alation

The report explores the challenges leaders within these enterprises face in embracing data-driven decision-making , and recounts their progress in leveraging data to drive business value.

Five Types of Budgets: Which One is Right for You

Insight Software

Traditionally, most businesses approach budgeting as an adjustment to the status quo. Although this is an entirely legitimate approach, it is only one of five main types of budgeting processes that business leaders have at their disposal. Driver-Based Budgeting.

Data integration: The key to AI-supported planning systems

Jedox

Starting points are concrete applications for optimizing existing core processes, such as increasing the speed and quality of forecasts and predictions, improving the integration of planning or identifying important business drivers in performance management.

CIAM Balancing Act: Security vs. Customer Experience? Which Should Win in Today’s Landscape?

CIO Business Intelligence

While the primary goal of implementing passwordless may be security, organizations need to remember that customer experience was the original business driver.

Using Technology to Add Value in Insurance

Decision Management Solutions

And that while some of these will require an investment in technology, that investment should be framed in terms of those business drivers. This resonated with me as we have been doing a lot of work recently developing digital decisioning solutions using our DecisionsFirst approach for insurance carriers and have seen all three drivers in play. But they remain ruthlessly focused on business value.

3 Essential Cybersecurity Strategies for 2020

Sirius Computer Solutions

As you develop your IAM strategy, be sure to involve key stakeholders to enable successful identification of business drivers, desired outcomes and success criteria.

Deliver AI-Powered Analytics Apps on Cloud-Native Sisense

Sisense

And while cloud-native architecture is paramount to drive the future of analytics apps, AI is also a critical component in order to reduce manual, repetitive steps during data prep and give business users the ability to gain new insights from which they can take action. Currently, data-driven decision making is based on the business users’ ability to successfully filter, slice, and dice known KPIs they want to track and improve upon. Introducing Sisense Release Q3 2019.

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

The Unofficial Google Data Science Blog

In choosing the appropriate method, a key distinction lies in the business stakes associated with a given forecast publication cycle. Using multiple forecasts forces a conversation about the drivers, a revisitation of the input assumptions.

How to Create a Successful Real-time Dashboard

Juice Analytics

Business drivers Your dashboard should express a well-understood structure of the business. By the time you design a real-time dashboard, you should have an understanding for how the pieces of the business fit together (i.e. [link].

The year of the data catalog

Alation

Enterprises are… turning to data catalogs to democratize access to data, enable tribal data knowledge to curate information, apply data policies, and activate all data for business value quickly.”. This was an eventful year in the world of data and analytics. Be it the surprising $5.2

Score the Best Data Protection Solution for Your Organization

Sirius Computer Solutions

Every year companies invest resources on data collection, and employees spend countless hours mulling over that data to make informed business decisions like how to market to their target audience or where to expand the business. If you want effective protection, it is imperative that you align your data protection strategy with your unique use cases and business goals.

A Framework for the New FP&A Department

Jedox

The priorities of Finance are changing due to business demands and the opportunities provided by new technology. Our time and energy will shift from compliance and control to planning, analysis, and business partnering—deploying resources rather than just counting coins. We need a framework to be specific about what it is we want the department to do differently in the future to support the CFO and our business partners.

The Digital Transformation of your Planning Process

Jedox

Digitalization is tactical – automating activities, for example, while Digital Transformation is strategic – focusing on improving overall business processes and increasing business value. Digitalization brings technological improvement but not a huge business value. Planning processes require collaboration, business logic policy and data integration. Digitalization usually allow to collaborate on a specific business function. Business (planning) logic.

In-depth with CDO Christopher Bannocks

Peter James Thomas

I’m very glad that he has been able to find time in his busy calendar to speak to us. My role encompasses being the business driver for the data platform that we are rolling out across the organisation and its success in terms of the data going onto the platform and the curation of that data in a governed state, depending on the consumer requirements. Finally, I have worked for businesses with a presence in the Netherlands on a number of occasions.