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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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Financial planning & budgeting: Navigating the Budgeting Paradox

IBM Big Data Hub

Obsolete data and financial projections A budget, at its core, is a financial forecast. Missed opportunities A slow budget can mean missed opportunities and potential ROI left on the table. Unanticipated risks Good budgeting plans for risks. Rolling forecasts offer a constantly updated look at future performance.

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Cloud Automation Drives the Trend of E-Procurement Technology

Smart Data Collective

ROI-Driven Concept. E-procurement technology gives you an opportunity to enhance your ROI. All you have to do is use cloud solutions to implement online sourcing in your business and see how the automation process reduces plenty of risks associated with the manual procurement process. In Conclusion.

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Promising Benefits of Predictive Analytics in Asset Management

Smart Data Collective

There are many other reasons AI and big data technology is changing finance. The good news is that predictive analytics technology is making it easier for people to boost their ROI and tweak their portfolios to align with their investment goals. Before you can create a strategy, you must determine your risk tolerance.

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5 Ways Data Analytics Helps Investors Maximize Stock Market Returns

Smart Data Collective

These funds allow you to diversify and spread your risk across a wider basket of stocks which means your portfolio will never be significantly affected by one crashing company. If you want to take the risk of buying an individual stock, you can allot a small part of the overall portfolio for that play.

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Improve Financial Accuracy with Tally ERP Analytics!

Smarten

Tally ® ERP is a popular finance and accounting solution used by many team members in many businesses. It provides modules to support inventory management, purchasing, sales professionals, accountants, finance managers and other expense and revenue related functions responsible for taxes, statutory reporting etc.

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Three Benefits of Shifting Your FP&A Focus from Resource Allocation to Life Cycle Management

Jet Global

Sales forecasts lay out expected revenue, department heads pull together their wish lists for the coming year, and finance brings it all together into a cohesive structure, after which the negotiation process can begin. Traditionally, business planning happens on a fairly predictable cadence.