IBM Big Data Hub

JUNE 23, 2023

While you may have learned about generative artificial intelligence (AI), you may not know what it means for the future of Finance and Accounting (F&A). As the name suggests, it generates images, music, speech, code, video or text, while it interprets and manipulates preexisting data.

Finance 65

Finance Reporting Cost-Benefit Modeling 65

Jedox

MAY 9, 2022

There are glittering promises and lofty expectations of artificial intelligence (AI), yet misconceptions abound regarding its potential impact on the office of finance. Fear of change, specifically technological change, can also inhibit the adoption of artificial intelligence in finance organizations.

Finance 52

Finance Risk Manufacturing Forecasting 52

CIO Business Intelligence

OCTOBER 25, 2023

From IT, to finance, marketing, engineering, and more, AI advances are causing enterprises to re-evaluate their traditional approaches to unlock the transformative potential of AI. Indeed, since June 2023, the finance sector has experienced continuous growth in these areas. In general, they fall into two buckets: 1.

Enterprise 132

Enterprise Risk Manufacturing Finance 132

Alation

OCTOBER 26, 2021

Today’s best-performing organizations embrace data for strategic decision-making. Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. Recent articles extol the benefits of supercharging analytics for finance departments 1.

Finance 52

Finance Data Transformation Enterprise Metrics 52

Smart Data Collective

SEPTEMBER 12, 2021

Big data has been an invaluable contribution to our daily lives. We have started relying on big data to research new products, improve our experience online and make a number of other improvements. One of the biggest benefits of big data has been in the field of investing. Are you considering investing in stocks and shares?

Data-driven 81

Data-driven Strategy Big Data Cost-Benefit 81

Jet Global

OCTOBER 8, 2020

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. It also decreases the risk of errors by eliminating disjointed, manual processes.

Finance 98

Finance Reporting Forecasting Metrics 98

CIO Business Intelligence

DECEMBER 11, 2023

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. While these roles will not change, the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change.

Finance 100

Finance Forecasting IoT Predictive Modeling 100

Smart Data Collective

JANUARY 13, 2021

Big data is playing a very key role in the future of email communications. A growing number of companies are finding more innovative ways to use data technology to streamline communications and build more personalized relationships between various stakeholders. Big Data is Making Email Verification Much Easier.

Data-driven 94

Data-driven Cost-Benefit Big Data ROI 94

Jet Global

SEPTEMBER 29, 2021

The Importance of Data-Driven Finance Leaders. As the economic landscape rapidly changes, the roles of CFOs and Finance leaders have transformed into those of strategists and innovators. How Finance Leaders Use Data to Support Decision-Making. So, how data-driven is your team?

Data-driven 52

Data-driven Finance Data Collection Metrics 52

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

Smart Data Collective

AUGUST 26, 2021

Data analytics technology is one of the biggest reasons that things are changing faster than ever. This is one of the areas that has been fundamentally transformed by new advances in data analytics technology. Understanding the Shift Caused by Data Analytics in Digital Lending. Low risk, high reward.

Data-driven 69

Data-driven Software Risk Testing 69

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Many large financial institutions are starting to appreciate the many advantages that big data technology has brought. Data analytics can even help them prepare for financial disasters. Fraud risks. billion in the next two years.

Data Analytics 117

Data Analytics Analytics Finance Data mining 117

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. An enterprise starts by using a framework to formalize its processes and procedures, which gets increasingly difficult as data science programs grow. What Is Model Risk? Types of Model Risk.

Risk Management 64

Risk Management Risk Modeling Enterprise 64

Dataiku

APRIL 1, 2021

No better sector is better placed to drive the transition to a sustainable economy and a stable future than the finance sector itself. ESG integration in the financial sector will pave a path for all stakeholders being considered in the decision making process, which will result in real-world impact benefiting everyone.”

Data-driven 59

Data-driven Insurance Finance Risk 59

CIO Business Intelligence

MARCH 4, 2024

Tungsten Automation is delivering the benefits of AI-driven automation through a comprehensive suite of capabilities that can automate everything from low-value and repetitive data entry tasks through to highly complex actions such as risk analysis and fraud detection.

Cost-Benefit 139

Cost-Benefit Predictive Analytics Data-driven Finance 139

bridgei2i

NOVEMBER 20, 2020

Episode 2: AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. AI enabled Risk Management for FS powered by BRIDGEi2i Watchtower. Today the Chief Risk Officers(CROs) struggle with the critical task of monitoring and assessing key risks in real time and firefight to mitigate any critical issues that arise.

Risk Management 92

Risk Management Risk Management Metrics 92

Laminar Security

DECEMBER 13, 2023

In the ever-evolving digital landscape, the importance of data discovery and classification can’t be overstated. As we generate and interact with unprecedented volumes of data, the task of accurately identifying, categorizing, and utilizing this information becomes increasingly difficult.

Data-driven 119

Data-driven Machine Learning Risk Deep Learning 119

IBM Big Data Hub

APRIL 21, 2023

At IBM Consulting , our finance consulting practitioners have seen first-hand how the CFO can help foster enterprise-wide change. Our own finance leaders have weighed in on the value of innovation and the role a CFO plays in transformation. It’s the season for the strategic and innovative CFO.

Finance 81

Finance Consulting Enterprise Data-driven 81

O'Reilly on Data

APRIL 4, 2024

The race to the top is no longer driven by who has the best product or the best business model, but by who has the blessing of the venture capitalists with the deepest pockets—a blessing that will allow them to acquire the most customers the most quickly, often by providing services below cost. Venture capitalists don’t have a crystal ball.

Marketing 154

Marketing Modeling Finance Experimentation 154

Smart Data Collective

JULY 16, 2023

Big data is the most important business trend of the 21st century. It has completely changed the game in business and finance. The usage, volume, and types of data have increased significantly. In fact, big data keeps gaining momentum. Countless industry have been shaped by big data.

ROI 71

ROI Data Analytics Analytics Risk Management 71

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Some of the benefits of AI in banking include: Banks use AI bots to onboard clients and analyze borrower risk. Many small businesses are investing in AI-driven financial management software. Guess who has the information?

Software 88

Software Finance Cost-Benefit Data-driven 88

Jedox

APRIL 10, 2019

When embracing better-practice, balancing risk to return can be complex and choosing a path that delivers high business value, with minimum disruption is not always easy. The best finance teams I’ve worked with apply very simple principals, even in complex transformation projects. A third reason is not knowing where to start.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

Cloudera

APRIL 19, 2023

Data has become an essential driver for new monetization initiatives in the financial services industry. With the emergence of new technologies, including privacy enhancing techniques (PETs) that further protect the customer, monetizing data has become more accessible than ever before.

Data-driven 69

Data-driven Data Architecture Measurement Risk 69

Smart Data Collective

SEPTEMBER 30, 2022

Given the growing importance of big data and the rising reliance of businesses on big data analytics to carry out their day-to-day operations, it is safe to say that big data has irrevocably altered the online world for anyone running a digital enterprise or an e-business. Breaches That Result in Obstruction of Privacy.

Big Data 135

Big Data Data-driven Risk Measurement 135

Cloudera

FEBRUARY 14, 2018

I’ve spent the last four years here at Cloudera talking with our customers about how to run their businesses better using their data and Cloudera’s products and services. Now I get to put my money where my mouth is – and turn my focus internally on how we at Cloudera can become more data-driven.

Data-driven 43

Data-driven Data Quality Risk Interactive 43

CIO Business Intelligence

JUNE 30, 2023

It’s well acknowledged that data, when used correctly, has the potential to be a strategic growth asset driving innovation – and with the recent developments in large language models (LLM) for AI, data is really having its day in the sun. And we’ll let you in on a secret: this means nailing your data strategy.

Internet of Things 89

Internet of Things Strategy Risk Data Strategy 89

O'Reilly on Data

APRIL 22, 2020

Three months ago, Apple released a new credit card in partnership with Goldman Sachs that aimed to disrupt the highly regulated world of consumer finance. Apple is a great producer of computer hardware, while Goldman knows finance and its complex rules backwards and forwards. This could mean millions, if not billions, of lost revenue.

Cost-Benefit 249

Cost-Benefit Finance Strategy Data-driven 249

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? We have compiled a list of resources to help you on your journey as a CFO.

KPI 105

KPI Finance Dashboards Digital Transformation 105

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Financial services: Develop credit risk models. Forecast financial market trends.

Predictive Analytics 143

Predictive Analytics Analytics Predictive Modeling Forecasting 143

Jet Global

MARCH 20, 2023

This data is gleaned from a report from insightsoftware and Hanover Research: The Operational Reporting Global Trends Report. The issues finance and operations teams face are twofold: the nature and increasing demands for operational data and analytics, and the fact that tools on hand are not optimized to handle the data or analysis.

Operational Reporting 52

Operational Reporting Reporting Uncertainty Finance 52

CIO Business Intelligence

AUGUST 23, 2022

To address this requirement and ensure seamless connectivity, organizations are rapidly adopting consumption-driven NaaS models to balance the cost of their network growth with the digital experience of their stakeholders. Obtaining more insight into hidden costs (e.g.,

Cost-Benefit 103

Cost-Benefit Business Objectives ROI Risk 103

IBM Big Data Hub

APRIL 10, 2023

A well-designed data architecture should support business intelligence and analysis, automation, and AI—all of which can help organizations to quickly seize market opportunities, build customer value, drive major efficiencies, and respond to risks such as supply chain disruptions.

Strategy 94

Strategy Data Architecture Cost-Benefit Reporting 94

IBM Big Data Hub

JANUARY 30, 2024

In the last post , we looked at creating a blueprint for a sustainable data center. Now we’ll look at how to get the most out of a modern data center. Get inspired A successful data center implementation can best be described as a distributed, dynamic, efficient and resilient IT nucleus.

Manufacturing 80

Manufacturing Business Objectives Optimization Risk Management 80

IBM Big Data Hub

JUNE 29, 2023

By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. Data integration and analytics IBP relies on the integration of data from different sources and systems.

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

bridgei2i

APRIL 26, 2021

In recent times, it has been seen that the finance and banking sector is quickly adopting artificial intelligence. So, it’s evident that AI has taken the finance sector by a storm. Risk management . AI helps make better decisions and mitigates potential risks. More than 30% of financial authorities are already using AI.

Finance 105

Finance Risk Risk Management Enterprise 105

Jet Global

AUGUST 28, 2023

It also complements insightsoftware’s previous acquisition of Power ON , and extends write-back : the ability to update source data in enterprise databases directly onto the Qlik platform. The rate at which the world’s finance, operations, and business leaders must analyze complex, robust data continues to increase at a rapid pace.

Dashboards 75

Dashboards Visualization Finance Data Quality 75

Smart Data Collective

FEBRUARY 28, 2023

Data analytics technology has had a profound impact on the state of the financial industry. Deloitte discussed this new trend in a report titled “Tax data analytics A new era for tax planning and compliance.” ” Small businesses need to understand the role that data analytics plays in assisting with tax compliance.

Analytics 103

Analytics Data mining Finance Analytics Technologies 103