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What your CFO really needs in periods of economic uncertainty

CIO Business Intelligence

The pressure is on to navigate economic uncertainty. Build multiple budget scenarios with increasing levels of cost reduction to illustrate the plays you could run in response to various market conditions. If your top line is shrinking, prepare for questions on adjusting your cost structure to sustain margins during the storm.

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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

However, there are even more important benefits of using big data during a bad economy. As a result, they will need to invest in data analytics tools to sustain a competitive edge in the face of growing economic uncertainty. Big data offers many benefits for companies in any economy. Some of these benefits include the following.

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Accenture to lay off 19,000 to cut costs amid economic uncertainty

CIO Business Intelligence

of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. The job cuts reflect stabilizing demand, following explosive post-pandemic growth, and prudent cost management, according to Ignacio Rasero, vice president for Moody’s Investors Service. billion to $16.7

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Top 8 challenges IT leaders will face in 2024

CIO Business Intelligence

To get back in front, IT leaders will have to transform lessons learned from 2023 into actionable, adaptable processes, as veteran technology pros have been remarkably consistent in identifying global and economic uncertainties as key challenges for IT leaders to anticipate in 2024 as well.

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How customers capture real economic value with zero trust

CIO Business Intelligence

But in today’s world, endlessly extending the network to more branch offices, remote users, and cloud apps, and defending network access through ever-growing stacks of point product hardware appliances breeds significant costs. You will also see examples of the benefits reaped by customers of the One True Zero Trust Platform.

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SAP’s new generative AI pricing: Neither transparent nor explainable yet

CIO Business Intelligence

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

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Managing Seasonal Fluctuations in Retail with Analytics

Smart Data Collective

One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. Understanding the dynamics of seasonal shifts is crucial for companies to operate efficiently, reduce costs, and maximize profits.