Smart Data Collective

NOVEMBER 22, 2021

Securing financing is a huge example. Data analytics technology is helping more companies get the financing that they need for a variety of purposes. One of the most important benefits of big data involves getting financing for new equipment. The Growing Importance of Using Big Data to Finance New Equipment.

Finance 100

Finance Data Analytics Analytics Big Data 100

Smart Data Collective

JUNE 19, 2022

Companies are using AI to better understand their customers, recognize ways to manage finances more efficiently and tackle other issues. AI is particularly helpful with managing risks. How AI Can Help Suppliers Manage Risks Better. Failure or Delay Risk. Brand Reputation Risk.

Risk 132

Risk Cost-Benefit Risk Management Manufacturing 132

IBM Big Data Hub

JUNE 23, 2023

Whether you’re a CFO, an accountant, a financial analyst or a business partner, artificial intelligence (AI) can help improve your finance strategy, uplift productivity and accelerate business outcomes. Our experts at IBM Consulting are taking a comprehensive look at generative AI for F&A and considering the need to balance risks.

Finance 56

Finance Consulting Data-driven Risk 56

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 67

Risk Strategy Risk Management Insurance 67

CIO Business Intelligence

SEPTEMBER 2, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Data engineer.

Finance 98

Finance IT Software Reporting 98

CIO Business Intelligence

AUGUST 31, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Data engineer.

Finance 98

Finance IT Software Reporting 98

Jedox

OCTOBER 14, 2021

Ask finance and accounting professionals if they would like to do more value adding work and you’ll hear a re-sounding “YES!” This is like a chronic disease of the finance function but unlike most chronical diseases this one has a cure! Why are you in Finance? ″ we need time. ″ we need time. Time & Energy.

Finance 106

Finance Optimization Forecasting Reporting 106

Smart Data Collective

JANUARY 19, 2021

One of the biggest industries that has been affected has been finance. The change that seems most prevailing in terms of technological advancement is in business and finance to kickstart this revolution. The most prominent advancements being business and finance. Bitcoin has been very important for many businesses.

Finance 138

Finance Insurance Marketing Uncertainty 138

Jet Global

DECEMBER 8, 2020

A full Power BI implementation is a large-scale project, and it carries similar risks. If you are considering using Power BI in your organization, here are some key points to keep in mind that impact project risk: 1. Power BI Without the Risk. Power BI Is Highly Complex. That’s a relatively straightforward proposition.

Finance 52

Finance Risk Reporting Software 52

Smart Data Collective

SEPTEMBER 13, 2021

Remote working has also created greater data security risks. Risk assessments. Enterprises must constantly review and address new risks and changes in protecting data. The program defines the categories of data priority from low-risk, to sensitive, to critical. million on damages caused by data breaches. Conclusion.

Risk 125

Risk Strategy Enterprise Finance 125

Jet Global

JULY 5, 2023

The results are in–for the third year in a row, insightsoftware has partnered with Hanover Research to deliver our yearly Finance Team Trends Report. Comparing results across the years shows an incredible journey for finance teams across the globe. Here, we discuss the top trends for finance teams this year.

Finance 52

Finance Uncertainty Reporting Marketing 52

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

Dataiku

FEBRUARY 25, 2021

who will the project benefit, how will it change their current processes and habits), the level of necessary effort, and the likelihood of success (how much risk is involved). When choosing a data science use case , it’s important to identify the potential business value (i.e.,

Finance 93

Finance Data Science Risk Strategy 93

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). Well-trained models can ensure that you adhere to predefined rules, standards and guidelines, reducing the risk of errors and eliminating inconsistencies in these narratives.

Finance 58

Finance Reporting Cost-Benefit Modeling 58

Smart Data Collective

NOVEMBER 22, 2022

Whether fiat currency always has an inflationary risk because more can always be printed. Bitcoin will never have this inherent risk attached to it. Because of this, you could be buying way too high which can expose you to a lot of unnecessary risks. The Risk to Reward Is Skewed. Limited Supply.

Risk 123

Risk Predictive Analytics Data-driven Marketing 123

Jedox

OCTOBER 24, 2019

Finance professionals regularly try to look in their crystal ball with forecasts and enable the company to have seamless, solid planning. Otherwise you could run the risk of missing your sales targets. This allows identification of opportunities and risks more quickly and derive more detailed recommendations for action.

Forecasting 84

Forecasting Finance Risk Sales 84

Cloudera

OCTOBER 20, 2021

The EU has defined a sustainable finance framework to provide guidance and oversight in the goal of becoming the first climate-neutral continent. Firms face critical questions related to these disclosures and how climate risk will affect their institutions. What are the key climate risk measurements and impacts?

Risk 79

Risk Modeling Risk Management Measurement 79

bridgei2i

MAY 17, 2021

5 Ways AI Is Transforming The Finance Industry. AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. There are multiple benefits of AI in the finance industry.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

Alation

OCTOBER 26, 2021

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. And while some might see finance as the most conservative department in an enterprise, we believe that they can become innovators, driving how their business consumes and uses data.

Finance 52

Finance Data Transformation Enterprise Metrics 52

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

AUGUST 16, 2023

Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads. Since the route optimization came into place, fewer emptyings are required, he notes. This leads to environmental benefits and fewer transports.

Risk 97

Risk Cost-Benefit Digital Transformation Internet of Things 97

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 70

Risk Modeling Management Metadata 70

Smarten

APRIL 18, 2022

and analyzing this information to gain significant insights, predict future outcomes, or even ascertain risk.’. When these reports and tools are combined with the skill and knowledge of an accounting or a finance professional, the results can be profound. transactional data, financial data, investment analysis, etc.)

Finance 52

Finance Slice and Dice Analytics KPI 52

Jet Global

MAY 11, 2021

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98

Finance Technology Forecasting Uncertainty 98

Smart Data Collective

DECEMBER 6, 2023

There is a dark side of AI – it has led to a proliferation of cyberattacks. Cybersecurity threats are becoming increasingly dangerous for people all over the world. A growing number of businesses are grappling with the growing number of cyberattacks, especially as more hackers use AI to conduct data breaches. The growing number of […]

Risk 95

Risk Management IT Finance 95

Jet Global

JULY 21, 2022

Data show increased digital efficiency across most finance functions, but expanding responsibilities and diminishing resources create new challenges. July 21, 2022 – insightsoftware , a global provider of reporting, analytics, and performance management solutions, today launched its annual Finance Team Trends Report. RALEIGH, N.C.

Digital Transformation 52

Digital Transformation Finance Reporting Interactive 52

Jen Stirrup

AUGUST 14, 2019

This is particularly evidence in relationships between Finance and IT. IT and Finance concepts are difficult for non-specialists to understand, and messages may not be received as they were intended when working across different teams. The reality is that IT and Finance need to work together for the success of the whole organization.

Business Intelligence 96

Business Intelligence Finance IT Cost-Benefit 96

CIO Business Intelligence

APRIL 29, 2024

If you are a CIO or CISO and haven’t yet read this article – Finance worker pays out $25 million after video call with deepfake ‘chief financial officer,’ you should and then share it with your entire company. The digital impostors mimicked the finance worker’s actual team with disturbing accuracy. What happens then?

Finance 111

Finance Recreation/Entertainment Measurement Risk 111

DataRobot Blog

JUNE 3, 2022

AI is touching our lives and societies in ways that no other technology has before, from improving human efficiency in the Health , Finance , and Communication sectors, to allowing humans to focus on other important decision-making tasks that machines cannot yet safely or creatively tackle. When is enough ever enough? INDUSTRY ANALYST REPORT.

Risk 52

Risk Predictive Modeling Modeling Technology 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 Manufacturing Risk Finance 132

Cloudera

MAY 30, 2024

In this context, Cloudera and TAI Solutions have partnered to help financial services customers accelerate their data-driven transformation, improve customer centricity, ensure compliance with regulations, enhance risk management, and drive innovation. Regulation and risk are a big focus for financial institutions. Joe Rodriguez, Sr.

Data Analytics 80

Data Analytics Risk Management Digital Transformation Analytics 80

CIO Business Intelligence

MAY 29, 2024

As Eli Lambert, Managing Director of Accenture’s Global IT Finance Platforms, noted, “a significant challenge for a large IT enterprise is keeping up with the speed of business and ahead of technology change. Accenture needed a more agile, scalable, and innovative platform to support its dynamic and diverse business needs.

Cost-Benefit 124

Cost-Benefit Finance Strategy Risk 124

O'Reilly on Data

JUNE 15, 2023

Should we risk loss of control of our civilization?” If every company had a different way of reporting its finances, it would be impossible to regulate them. Disclosures should not be limited to the quarterly and annual reports required in finance. Should we automate away all the jobs, including the fulfilling ones?

Metrics 289

Metrics Reporting Measurement Finance 289

Jet Global

JANUARY 2, 2020

While BI tools serve many lines of business well and have their obvious merits, they often don’t hit the mark in finance. Finance teams’ reporting needs are too specialised for modern BI tools, so finance needs something different. But this does not solve the problem for finance, either.

Finance 52

Finance Management Data Warehouse Reporting 52

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

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 103

Finance Forecasting IoT Predictive Modeling 103

Smart Data Collective

SEPTEMBER 26, 2019

Not only will there be more money available for investment vehicles to deploy, but many people who currently do their investing through intermediaries such as advisors might chose to abandon their advisors and engage in investing all by themselves, thereby putting those careers at tremendous risk.

Finance 81

Finance Big Data Data mining Technology 81