Smart Data Collective

MARCH 2, 2023

Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. However, there are even more important benefits of using big data during a bad economy.

Big Data 81

Big Data Uncertainty Risk Data mining 81

Jedox

JANUARY 16, 2019

I believe in the not-too-distant future, best-in-class FP&A functions will be incorporating Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), data mining, and simulation analysis to produce predictive analytics and give our business partners across the enterprise actual foresights.

Finance 45

Finance Forecasting Predictive Analytics Cost-Benefit 45

IBM Big Data Hub

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. Data integration and analytics IBP relies on the integration of data from different sources and systems.

Key Performance Indicator 81

Key Performance Indicator Forecasting Data Integration Sales 81

CIO Business Intelligence

OCTOBER 23, 2023

In today’s uncertain economic landscape, it is no surprise that organizations are driven to optimize business costs. All of these present challenges for IT professionals within their day-to-day activities in data centers. With outdated and inefficient equipment, valuable resources and energy are being wasted in data centers.

Cost-Benefit 105

Cost-Benefit Uncertainty Digital Transformation Optimization 105

datapine

NOVEMBER 5, 2019

Studies suggest that businesses that adopt a data-driven marketing strategy are likely to gain an edge over the competition and in turn, increase profitability. In fact, according to eMarketer, 40% of executives surveyed in a study focused on data-driven marketing, expect to “significantly increase” revenue. Still unsure?

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

CIO Business Intelligence

OCTOBER 3, 2023

Another research company, Mordor Intelligence, is forecasting annual CAGR of 19.8 These tools bring benefits beyond automation. Intelligent document processing: uses artificial intelligence and machine learning techniques to automate the processing of documents and unstructured data.

Cost-Benefit 122

Cost-Benefit Machine Learning Interactive Software 122

datapine

JUNE 5, 2019

“It is a capital mistake to theorize before one has data.”– Data is all around us. Data has changed our lives in many ways, helping to improve the processes, initiatives, and innovations of organizations across sectors through the power of insight. Let’s kick things off by asking the question: what is a data dashboard?

Dashboards 316

Dashboards KPI Sales Visualization 316

Smart Data Collective

JULY 9, 2023

E-commerce businesses around the world are focusing more heavily on data analytics. There are many ways that data analytics can help e-commerce companies succeed. One benefit is that they can help with conversion rate optimization. One report found that global e-commerce brands spent over $16.7 billion on analytics last year.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

Smart Data Collective

JUNE 2, 2022

Companies can invest in specialized cloud software that provides essential data that helps give them real-time access to suppliers, electronic invoices, and other information. Since information on suppliers is usually readily available in the cloud, they can tap this data and make timely decisions. ROI-Driven Concept.

Technology 120

Technology ROI Cost-Benefit Forecasting 120

DataKitchen

AUGUST 27, 2021

DataOps has become an essential methodology in pharmaceutical enterprise data organizations, especially for commercial operations. Companies that implement it well derive significant competitive advantage from their superior ability to manage and create value from data.

Analytics 246

Analytics Sales Testing Cost-Benefit 246

IBM Big Data Hub

FEBRUARY 14, 2024

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.

Cost-Benefit 87

Cost-Benefit Insurance Unstructured Data Machine Learning 87

CIO Business Intelligence

SEPTEMBER 8, 2022

Most organizations understand the profound impact that data is having on modern business. In Foundry’s 2022 Data & Analytics Study , 88% of IT decision-makers agree that data collection and analysis have the potential to fundamentally change their business models over the next three years. Customers have too many options.

Cost-Benefit 122

Cost-Benefit Internet of Things Data-driven Data Lake 122

datapine

MARCH 31, 2022

Does data excite, inspire, or even amaze you? Despite these findings, the undeniable value of intelligence for business, and the incredible demand for BI skills, there is a severe shortage of BI-based data professionals – with a shortfall of 1.5 2) Top 10 Necessary BI Skills. 3) What Are the First Steps To Getting Started?

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Jet Global

JUNE 22, 2023

Blogs Podcasts Whitepapers and Guides Tools and Calculators Webinars Sample Reports The Evolution of the CFO into the Chief Data Storyteller View Insight Now Our Favorite CFO Blogs The Venture CFO Blog Link: [link] Are you looking for blog posts for CFOs by CFOs? It is viewed as a burden that costs companies money.

KPI 105

KPI Finance Dashboards Digital Transformation 105

CIO Business Intelligence

JUNE 1, 2022

The company is applying winning insights from rapid, data-driven, evolutionary models versus relying on engine speed and aerodynamics alone to win races. Cloud-connected cars are now commonplace in the mainstream connected car market that is forecast to surpass $166 billion by 2025. Using Data to Generate Simulations.

Manufacturing 119

Manufacturing Digital Transformation Predictive Analytics Strategy 119

datapine

AUGUST 14, 2019

Data science has become an extremely rewarding career choice for people interested in extracting, manipulating, and generating insights out of large volumes of data. To fully leverage the power of data science, scientists often need to obtain skills in databases, statistical programming tools, and data visualizations.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

Jet Global

DECEMBER 9, 2020

When a cash crunch hits, the business managers who have optimized working capital will be better positioned to survive the crisis without resorting to costly financing, liquidating assets at the wrong time, or other desperate measures. Inventory reduction has other benefits as well. The cost of holding inventory is often overlooked.

Reporting 81

Reporting Finance Sales Measurement 81

Jet Global

APRIL 27, 2020

More than just crunching the numbers, the modern retail CFO now needs to be at the forefront of technology , leading how retailers collect and use their data—especially in financial planning. Modern retail financial planning requires data agility and the support of the CFO’s office in taking on a more flexible approach.

Finance 52

Finance Forecasting Sales Reporting 52

Jet Global

JUNE 16, 2020

Tyee Carr, CPA, leads a team of finance/accounting professionals as the Managing Partner of Tyee Carr Advisory. You do that the way you always have: by taking what you know about the amount of time an accounting process takes and what it costs the company, then looking at whether a tech product can provide a material benefit.

Finance 52

Finance Cost-Benefit Metrics Data-driven 52

Jet Global

SEPTEMBER 22, 2020

They can either ask the financial planning team to revise their revenue/loss projections for the year (so the tax team can adjust their effective tax rate forecasts), or make pricing adjustments between the entities to help support existing profitability/effective tax rate forecasts. How is training provided to our team?

Software 98

Software Forecasting Risk Cost-Benefit 98

CDW Research Hub

OCTOBER 19, 2021

Sirius’ services and solutions capabilities in key growth areas, including Hybrid Infrastructure, Security, Digital and Data Innovation, and Cloud and Managed Services, will enhance the breadth and depth of CDW’s services and solutions offerings. “As Sirius and CDW share common values and a performance-driven, customer-focused culture.

Uncertainty 102

Uncertainty Sales Finance Cost-Benefit 102

Jedox

FEBRUARY 13, 2019

While AI is still a far-off concept for many companies, it is real and I truly believe it is the future of FP&A and really, Finance as a whole. How Financial Planning and Analysis Benefits from AI. I look at AI (or really all technology for that matter) as having the potential to enhance and/or improve the FP&A function.

IT 54

IT Finance Cost-Benefit Unstructured Data 54

Jedox

OCTOBER 8, 2020

We are pleased to welcome renowned finance expert Mr. Brian Kalish back to the Jedox blog. It’s about the preparation for a range of possible outcomes, the likelihood of each outcome, and developing corresponding strategies to maximize the long-term benefit. Think about the organizations that didn’t and were negatively impacted.

Uncertainty 75

Uncertainty Cost-Benefit Unstructured Data Data-driven 75

CIO Business Intelligence

MARCH 21, 2022

Among the relationships that technology teams have with other business departments, the potential for improved IT-finance collaboration is quite possibly the most under-explored. It’s especially poignant when we consider the extent to which financial data can steer business strategy for the better. Poor quality data.

Data-driven 116

Data-driven IT Finance Forecasting 116

IBM Big Data Hub

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Finance 89

Finance Cost-Benefit Consulting Optimization 89

Jedox

APRIL 10, 2019

Whether saving costs or improving revenue, FP&A digital transformation projects must provide strong gains in productivity and effectiveness. The best finance teams I’ve worked with apply very simple principals, even in complex transformation projects. They stood to gain a lot by digital Finance Transformation.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

bridgei2i

AUGUST 4, 2020

And there, and by the way, the finance person’s doing their job, they’re saying, ‘Hey, I will start writing checks out when I start seeing checks coming back in’. And here’s how you’re going to cost justify this. And so we’ve got to have data on what’s the representative of the new norm.

Sales 93

Sales Enterprise B2B Digital Transformation 93

datapine

FEBRUARY 9, 2024

An even more interesting fact: The blogs we read regularly are not only influenced by KPI management but also concerning content, style, and flow; they’re often molded by the suggestions of these goal-driven metrics. Ineffective management of KPIs means little actionable data and a terrible return on investment.

KPI 221

KPI Management Key Performance Indicator Measurement 221

datapine

OCTOBER 21, 2020

Big data has changed the way we manage, analyze, and leverage data across industries. One of the most notable areas where data analytics is making big changes is healthcare. In this article, we’re going to address the need for big data in healthcare and hospital big data: why and how can it help?

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

CIO Business Intelligence

FEBRUARY 1, 2024

When organizations buy a shiny new piece of software, attention is typically focused on the benefits: streamlined business processes, improved productivity, automation, better security, faster time-to-market, digital transformation. It can help uncover hidden costs that could come back to bite you down the road.

Software 131

Software Enterprise Cost-Benefit ROI 131

Jen Stirrup

FEBRUARY 24, 2024

Artificial Intelligence revolutionizes large and small businesses with automation, data analysis, and improved customer experiences, offering cost savings and a competitive edge. Computer Vision Computer vision empowers Artificial Intelligence systems to identify, analyze, and understand visual data like images and videos.

Cost-Benefit 72

Cost-Benefit Data-driven Testing Risk 72

Jet Global

JULY 30, 2020

Excel has such a long history in business accounting and corporate finance that it has inevitably become the butt of some easy jokes. In many cases, you can improve the value Excel offers your budgeting and forecasting activities just by taking time to learn some of its nuances.

Forecasting 91

Forecasting Finance Cost-Benefit Software 91

CIO Business Intelligence

APRIL 24, 2024

The first use of generative AI in companies tends to be for productivity improvements and cost cutting. But there are only so many costs that can be cut. CIOs are well positioned to cut costs since they’re usually well acquainted with a company’s digital processes, having helped set them up in the first place.

Sales 128

Sales Finance Experimentation Cost-Benefit 128

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. 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.

Forecasting 113

Forecasting Data Science Statistics Uncertainty 113

datapine

JUNE 29, 2022

Explore our 14 day free trial & benefit from great accounting reports! It details the sources and uses of cash in relation to a business’s operations, investments, and financing. You can be sanctioned for accountancy inaccuracies, that’s why you want to avoid them at all costs. What Are Accounting Reports?

Visualization 200

Visualization Reporting Cost-Benefit Snapshot 200

bridgei2i

AUGUST 4, 2020

And there, and by the way, the finance person’s doing their job, they’re saying, ‘Hey, I will start writing checks out when I start seeing checks coming back in’. And here’s how you’re going to cost justify this. And so we’ve got to have data on what’s the representative of the new norm.

Sales 52

Sales Enterprise B2B Digital Transformation 52

datapine

JANUARY 21, 2020

Big data plays a crucial role in online data analysis , business information, and intelligent reporting. Companies must adjust to the ambiguity of data, and act accordingly. As a result, BI can benefit the overall evolution as well as the profitability of a company, regardless of niche or industry. What Is BI Reporting?

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259