IBM Big Data Hub

FEBRUARY 19, 2024

It includes everything from product development and strategic decision-making to information systems and new technologies. To mitigate these risks , companies need the resources and technology to develop robust contingency plans. Fewer disruptions : A healthy supply chain mitigates risks and protects against inevitable disruption.

Strategy 88

Strategy Management Forecasting Cost-Benefit 88

bridgei2i

JUNE 2, 2020

Episode 7: The Impact of COVID-19 on Financial Services & Risk. The Impact of COVID-19 on Financial Services & Risk Management. Additionally, institutions are finding it difficult to forecast trends, as historical data isn’t relevant anymore. Now, bureau information may not be reliable anymore, right.

Risk Management 128

Risk Management Risk Enterprise Management 128

CIO Business Intelligence

DECEMBER 7, 2023

A nation known for innovative efficiency was a failure in one key area It goes without saying that the faster and more effectively disasters can be forecasted, detected, and responded to, the better the chance of minimizing damage and saving lives. Information from all sources is integrated and accessible from a central location.

IoT 108

IoT Internet of Things Forecasting Digital Transformation 108

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59

CIO Business Intelligence

APRIL 4, 2024

To keep up, Redmond formed a steering committee to identify opportunities based on business objectives, and whittled a long list of prospective projects down to about a dozen that range from inventory and supply chain management to sales forecasting. “We We don’t want to just go off to the next shiny object,” she says. “We

Enterprise 134

Enterprise Cost-Benefit Forecasting Strategy 134

CIO Business Intelligence

OCTOBER 16, 2023

Predictive AI uses advanced algorithms based on historical data patterns and existing information to forecast outcomes to predict customer preferences and market trends — providing valuable insights for decision-making. However, there is one form of AI that will allow businesses to see almost an immediate value: Predictive AI.

Forecasting 137

Forecasting Machine Learning Software Data-driven 137

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Energy: Forecast long-term price and demand ratios. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

datapine

MAY 2, 2023

To work effectively, big data requires a large amount of high-quality information sources. Proactivity: Another key benefit of big data in the logistics industry is that it encourages informed decision-making and proactivity. Where is all of that data going to come from?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

CIO Business Intelligence

FEBRUARY 20, 2024

Microsoft Copilot can bring to bear a range of capabilities to help manufacturers mitigate risk, manage their inventory, improve planning, and make informed decisions quickly across the entire supply chain.

Manufacturing 98

Manufacturing Sales Risk Management Forecasting 98

IBM Big Data Hub

SEPTEMBER 6, 2023

Obsolete data and financial projections A budget, at its core, is a financial forecast. If it’s based on old information, it won’t be accurate. Unanticipated risks Good budgeting plans for risks. Rolling forecasts These are a dynamic alternative to traditional static annual budgets.

Forecasting 89

Forecasting Marketing Risk Sales 89

The Unofficial Google Data Science Blog

APRIL 17, 2017

by ERIC TASSONE, FARZAN ROHANI We were part of a team of data scientists in Search Infrastructure at Google that took on the task of developing robust and automatic large-scale time series forecasting for our organization. So it should come as no surprise that Google has compiled and forecast time series for a long time.

Forecasting 83

Forecasting Modeling Statistics Uncertainty 83

IBM Big Data Hub

JUNE 29, 2023

Integrated planning incorporates supply chain planning, demand planning, and demand forecasts so the company can quickly assess the impact on inventory levels, supply chain logistics, production plans, and customer service capacity. A retail company experiences a sudden surge in online sales due to a viral social media campaign.

Key Performance Indicator 83

Key Performance Indicator Forecasting Data Integration Sales 83

IBM Big Data Hub

DECEMBER 18, 2023

This is information relating to the Earth’s surface, its climate, the people who live on it, its ecosystems and more. Geographic information systems (GIS ) visualize and make sense of this data, helping people and businesses better understand the patterns and relationships of our world.

Internet of Things 106

Internet of Things IoT Forecasting Visualization 106

CIO Business Intelligence

MARCH 18, 2024

How technology is used for social sustainability Governance and ethical practices: Data security and privacy technologies are critical for good governance, particularly in our digital-first world where cybersecurity risks are on the rise.

Manufacturing 119

Manufacturing Forecasting Technology Software 119

CIO Business Intelligence

SEPTEMBER 26, 2023

Already, SAP’s energy management data (EDM) solution was being used to store information gathered by the smart meters measuring the power production of each of the various solar PV systems. With ML producing a total load profile in 15-minute intervals, forecasters could view solar production in eight-hour chunks.

Machine Learning 105

Machine Learning Forecasting Measurement Data Warehouse 105

datapine

JUNE 15, 2023

These analytical tools allow decision-makers to get a sense of their performance in a number of areas and extract valuable insights to inform their future strategies and boost growth. With this 360-view, decision-makers can extract insights to inform their strategies and boost business growth.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

CIO Business Intelligence

APRIL 5, 2022

Enterprises face multiple risks throughout their supply chains, Deloitte says, including shortened product life cycles and rapidly changing consumer preferences; increasing volatility and availability of resources; heightened regulatory enforcement and noncompliance penalties; and shifting economic landscapes with significant supplier consolidation.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

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

DataRobot

OCTOBER 19, 2021

When tackling a crisis, policymakers are often confronted with a scarcity of reliable information—as is the case regarding community spread and COVID-19 variant surges in respective communities. Many available forecasts provide less than four weeks notice at the state and county level. reporting backlogs). reporting backlogs).

Forecasting 98

Forecasting Predictive Modeling Optimization Testing 98

IBM Big Data Hub

OCTOBER 19, 2023

Smallholder farmers lack access to hyperlocal weather forecasting and data that can help increase their crops’ chances of success, which jeopardizes the productivity and profitability of their season. Their challenges are compounded further by inherent and unavoidable farming risks, such as pests, contamination and natural disasters.

Forecasting 99

Forecasting Consulting Risk Modeling 99

Jedox

JANUARY 29, 2019

In today’s organizations, the role of financial controlling or FP&A is not only to provide financial insights so business partners can make better decisions, but it is also to lead the way towards a more mature use of analytics technology including predictive analytics for sales forecasting. Predictive Analytics for Sales Forecasting.

Predictive Analytics 41

Predictive Analytics Forecasting Sales Analytics 41

IBM Big Data Hub

NOVEMBER 29, 2023

Forecasts indicate that water scarcity will present a greater challenge in meeting long-term sustainability goals as the climate continues to change. Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved. As each transaction occurs, it’s put into a block.

Forecasting 82

Forecasting Marketing Testing Reporting 82

Paris Technologies

MARCH 31, 2023

FP&A is a crucial function in any organization because it helps to identify and manage financial risks. FP&A professionals work with key stakeholders, such as investors, customers, and employees, to develop budgets, forecasts, and performance measures that inform strategic decisions about the organization.

Forecasting 52

Forecasting Measurement Risk Management 52

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. This approach meant they avoided the risk of waiting 6-12 months to get any result. It was low-risk and required minimal training.

Digital Transformation 42

Digital Transformation Risk Finance Sales 42

CIO Business Intelligence

DECEMBER 13, 2023

When I think about unstructured data, I see my colleague Rob Gerbrandt (an information governance genius) walking into a customer’s conference room where tubes of core samples line three walls. His client gestures around the room and says, “This is mission-critical information. How can you help us with it?”

Unstructured Data 98

Unstructured Data IoT Metadata Modeling 98

DataRobot Blog

AUGUST 18, 2022

Challenges in inventory management, demand forecasting, price optimization, and more can result in missed opportunities and lost revenue. AI can reduce costs and minimize supply chain challenges by driving more informed choices across all aspects of supply chain management. improvement in forecasting accuracy 3.

Manufacturing 98

Manufacturing Cost-Benefit Forecasting Data-driven 98

Smart Data Collective

OCTOBER 8, 2020

Big data plays a role in shifting the risk-reward calculus in the favor of venture capitalists. Venture capital is a high risk, high reward game. Modern investors use machine learning and AI models to gather and produce signal information that generate insights on worthy startups. That’s alternative data.

Big Data 131

Big Data Machine Learning Forecasting Data-driven 131

IBM Big Data Hub

FEBRUARY 28, 2024

Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits. Blockchain Information is an invaluable business asset. But now, the benefits of strategic sourcing are becoming even more attainable thanks to innovation.

Strategy 105

Strategy Technology Cost-Benefit Risk Management 105

CIO Business Intelligence

JANUARY 22, 2024

It’s a significant project to lay this groundwork, so it carries a fair amount of risk. Finding the root cause of an existing issue can be extremely difficult given the immense quantity of information that an IT team member must analyze. The stack has become an intricate web of interdependencies, not all of which are well understood.

Forecasting 119

Forecasting Software Metrics Enterprise 119

IBM Big Data Hub

FEBRUARY 13, 2024

They also factor in how a strong partnership could reduce supply chain risk and advance sustainability. Sign up for a 30-day free trial here Risk management Supply chains are under tremendous stress, facing challenges from supply, demand, logistics and shifting industry landscapes.

Cost-Benefit 86

Cost-Benefit Scorecard Risk Recreation/Entertainment 86

Jet Global

APRIL 27, 2020

In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Re-Assess Your Risks. Start with key make-or-break assumptions such as sales forecasts, receivables, cash flow, and the reliability of your supply chain. Some of your risks may be less obvious. Forecast Early and Often.

Forecasting 80

Forecasting Finance Metrics Risk 80

John Wheeler

AUGUST 17, 2021

The world of risk is growing more complex and dynamic as organizations navigate challenges associated with COVID-19, privacy, ethics and compliance, ESG, cybersecurity and digital business. These challenges continue to drive Gartner client demand and inquiry for integrated risk management (IRM) products and services.

Risk Management 52

Risk Management Risk Forecasting Publishing 52

CIO Business Intelligence

JULY 28, 2023

Customers must have the trust and willingness to share data As enterprises continue to create new digital-first products and services, forecasting customer needs, preparing for potential issues, and building resilience is vital to sustaining trust. Being a custodian of this information is a privilege, not a right.

Strategy 97

Strategy Enterprise Forecasting Risk 97

Smart Data Collective

SEPTEMBER 13, 2021

This type of big data is used to forecast and for making the right decisions. Capturing and processing this information is easy. This is usually the information of a target audience or specific firm or niche. Investors cannot use it for long-term forecasting and strategizing. Concentrated and Slow. Broad and Slow.

Big Data 109

Big Data Forecasting Cost-Benefit Machine Learning 109

CIO Business Intelligence

OCTOBER 11, 2023

AI also forecasts demand so that energy companies can plan their modernization and expansion efforts. AI can help by proactively monitoring operations and flagging when an organization is at risk for non-compliance. AI models can also help evaluate risks, and generative AI can offer suggestions for mitigating those risks.

Unstructured Data 137

Unstructured Data Uncertainty Risk Data Processing 137

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT.

IT 137

IT Risk Cost-Benefit Risk Management 137

Smarten

OCTOBER 10, 2023

Gartner defines Data and Analytics (D&A) as, ‘…the ways organizations manage data to support all its uses, and analyze data to improve decisions, business processes and outcomes, such as discovering new business risks, challenges and opportunities.’

Reporting 67

Reporting Analytics Forecasting Data Integration 67