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What is Predictive Analytics and Can it Help You Achieve Business Objectives?

Smarten

Today’s self-serve predictive analytics and forecasting tools are designed to support business users and data analysts alike. Predictive analytics is the process of forecasting or predicting business results for planning purposes. Can Predictive Analytics Help You Achieve Business Objectives?

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Automating Model Risk Compliance: Model Validation

DataRobot Blog

What are some steps that the modeler/validator must take to evaluate the model and ensure that it is a strong fit for its design objectives? Evaluating ML models for their conceptual soundness requires the validator to assess the quality of the model design and ensure it is fit for its business objective.

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7 Keys to Effective Planning, Budgeting, and Forecasting

Jet Global

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. Monitor, Forecast, and Adjust. The idea of changing your approach to planning, budgeting, and forecasting may seem daunting.

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AI adoption accelerates as enterprise PoCs show productivity gains

CIO Business Intelligence

To keep up, Redmond formed a steering committee to identify opportunities based on business objectives, and whittled a long list of prospective projects down to about a dozen that range from inventory and supply chain management to sales forecasting. “We We don’t want to just go off to the next shiny object,” she says. “We

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3 force multipliers for digital transformation

CIO Business Intelligence

While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% A force-multiplying approach would consider several objectives and recognize that a speedy cloud transition may cause a longer, more expensive transformation.

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How to build a successful procurement strategy

IBM Big Data Hub

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

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The Building Blocks of Cloud Strategy

CIO Business Intelligence

Meanwhile, enterprises risk employee and customer frustration when IT environments don’t meet their speed and performance expectations. Also, they may not achieve business objectives for increased or sustainable revenues if IT cannot keep up. It’s important to map your cloud strategy to attain business value.