Remove Finance Remove Forecasting Remove Risk Remove Testing
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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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The new CFO: How AI has changed the game for chief financial officers

CIO Business Intelligence

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 98
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Exercising Control Over Transfer Pricing: How to Avoid Risks at Year-End

Jet Global

Although the workbooks were standardized, data entered were not always complete or in line with numbers forecast earlier in the year. As part of their testing process, the transfer pricing team completed a normal historical replication for validation of the system. The Need to Free Up Time.

Risk 98
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The Benefits, Challenges and Risks of Predictive Analytics for Your Application

Jet Global

But we’re also seeing its use expand in other industries, like Financial Services applications for credit risk assessment or Human Resources applications to identify employee trends. Analysts can use predictive analytics to foresee if a change will help them reduce risks, improve operations, and/or increase revenue.

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How CIOs align with CFOs to build RevOps

CIO Business Intelligence

That includes many technologies based on machine learning, such as sales forecasting, lead scoring and qualification, pricing optimization, and customer sentiment analysis. We’ve been doing proof-of-value and different test cases on efficiency opportunities within our organization as it relates to AI,” he says.

Sales 125
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Data-driven financial planning is still falling short of its potential

CIO Business Intelligence

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. They tested free shipping as a lever against a 10% discount on each order and found that the former generated twice as much business. Poor quality data.

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How to Incorporate Long-Term Forecasts Into Your Tax Reporting Toolkit

Jet Global

Many organizations already consider the potential short-term challenges to their tax positions when building forecasts. How prepared are they, though, for the different sets of risks and opportunities associated with long-term uncertainties? Instead, they should already be incorporating these considerations into their tax forecasts.