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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 “humans in the loop” 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 Google’s internal time series forecasting platform described in an earlier blog post.

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The Digital Transformation of your Planning Process

Jedox

For example, a system that allows modern sales planning but misses links between the sales, compensation and the cost of sales will not allow digital transformation for planning. Business (planning) logic. We simply cannot reap the benefits of digital transformation where significant logics resides on vulnerable spreadsheets.

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The Case for Continuous Financial Planning after Covid-19

Jet Global

Financial planning has always been vital to businesses in order to make sound, long-term decisions. Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. The past few months have shown the benefits of continuous planning.

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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. The benefits for data-driven enterprises are real.

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Three Benefits of Driver-Based Budgeting

Jet Global

This article explores some basic definitions of DBB with examples and then zeros in on some of the key benefits of DBB. Identifying Key Business Drivers. The DBB process begins with identifying the variables that have the greatest impact on overall business performance. Benefit #1. Benefit #2.

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What Is Embedded Analytics?

Jet Global

These benefits provide a 360-degree feedback loop. SAID ANOTHER WAY… Business intelligence is a map that you utilize to plan your route before a long road trip. In a recent study by Mordor Intelligence , financial services, IT/telecom, and healthcare were tagged as leading industries in the use of embedded analytics.

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Five Types of Budgets: Which One is Right for You

Jet Global

It helps company leaders to aggressively streamline inflated budgets and to bring costs under control while minimizing any negative impact on operations. In effect, ZBB forces companies to prioritize and take a more intentional approach to managing their costs, focusing on the areas that generate the highest value for the business.