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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. Rolling forecasts These are a dynamic alternative to traditional static annual budgets. Unanticipated risks Good budgeting plans for risks.

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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. Through the use of e-procurement, you will have greater control over your accounts, finance, cash flow, and business-related data. Each of them directly helps in saving your money while improving your ROI and profitability.

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6 Tremendous Benefits of Big Data for Financial Management

Smart Data Collective

These companies tend to have a much better ROI than those without one. For small and medium-sized businesses, especially if they are start-ups, managing business finances can be a more significant challenge than there is for corporations that have an extensive and comprehensive accounting department.

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Cloud Analytics Powered by FinOps

Cloudera

The FinOps framework is helping organizations to obtain the best ROI for their cloud transformation. FinOps 3 — Cloud Financial Operations — is a framework that allows companies to take the most of their investments in the cloud; in other words, maximize ROI. But FinOps is not only about cost management and control.

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What is cloud cost optimization?

IBM Big Data Hub

Many organizations approach cloud cost optimization strategy and implementation by employing a cross-functional FinOps team—one with members from IT, finance and engineering—to bring financial accountability to the cloud. ” They allocate at least 50% of their cloud spend, and their forecast-to-spend accuracy variance is 20%.

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How can CIOs Build Business Value with Business Analytics?

Smart Data Collective

Here, the dashboard could include project health elements such as cost, schedule, scope, ROIs, feedback, value to the partner, evaluation of meaningful outcomes, and management hierarchy to name a few. For most organizations, it sets the narrative for project forecasting, recruiting, scaling, and others. Conclusion.