IBM Big Data Hub

MAY 1, 2024

From demand forecasting to route optimization, inventory management and risk mitigation, the applications of generative AI are limitless. Generative AI, with its ability to autonomously generate solutions to complex problems, will revolutionize every aspect of the supply chain landscape.

Forecasting 77

Forecasting Optimization Digital Transformation Risk 77

Smart Data Collective

JUNE 18, 2021

National Institute of Justice’s (NIJ) “ Recidivism Forecasting Challenge ” (the Challenge) aims to increase public safety and improve the fair administration of justice across the United States. NIJ will evaluate all entries on how accurately they forecast the outcome of recidivism.

Predictive Analytics 68

Predictive Analytics Forecasting Analytics Big Data 68

Jet Global

MARCH 30, 2021

It follows that tax teams should think about how they can make significant contributions to the ERM planning process by providing short, mid- and long-term ETR forecasts based on accurate financial information. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight. Foster an Appropriate Risk Mindset.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

Jet Global

NOVEMBER 16, 2020

Learn how to enable complex planning and forecasting processes. In this webinar, attendees responded to a poll asking which areas of long-term forecasts are of most interest to them. Scenario planning is an increasingly important way for multinational enterprises to operate effectively in an uncertain and unpredictable world.

Forecasting 98

Forecasting Snapshot Finance Recreation/Entertainment 98

Smart Data Collective

JANUARY 14, 2021

A lot of experts have talked about the benefits of using predictive analytics technology to forecast the future prices of various financial assets , especially stocks. While this obviously means that there is more risk, it also gives more informed investors a chance to beat market benchmarks.

Predictive Analytics 83

Predictive Analytics Forecasting Analytics Machine Learning 83

IBM Big Data Hub

MARCH 25, 2024

For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well. Longer-term local climate change risks might still devalue property that hasn’t suffered damage. As a result, their market would shrink.

Insurance 92

Insurance Forecasting Risk Risk Management 92

Jedox

AUGUST 13, 2020

In our last post, “ Rolling Forecasts: The Pros and Cons ,” we looked at why rolling forecasts are used, when it makes sense to use them, and for whom. In our third and last post in this series, we give five tips for a successful implementation of rolling forecasts in your organization’s FP&A processes. .

Forecasting 52

Forecasting Risk Finance Software 52

CIO Business Intelligence

JULY 18, 2022

Organizations that do not invest in the short term will likely fall behind in the medium term and risk not being around in the long term,” warned Lovelock in a statement. We forecast this trend is going to continue over the next couple of years.”. trillion, according to projections released by Gartner Research.

IT 132

IT Uncertainty Data-driven Sales 132

CIO Business Intelligence

APRIL 29, 2024

As organizations roll out AI applications and AI-enabled smartphones and devices, IT leaders may need to sell the benefits to employees or risk those investments falling short of business expectations. CIOs and CTOs must also set the rules of the road for using AI and navigate or mitigate potential risk and ethics issues, he says.

Experimentation 118

Experimentation Forecasting Risk Consulting 118

CIO Business Intelligence

JANUARY 18, 2024

Global spending on technology is predicted to be up by virtually all forecasts. By all accounts, 2024 will be a good year on the CIO hiring front. Most midsize and large organizations are spending significantly on cloud capabilities. Cybersecurity has been pegged as a top priority for funding in many industries.

IT 126

IT Data-driven Marketing Technology 126

CIO Business Intelligence

APRIL 25, 2022

It’s no secret that companies face major hurdles and risks when it comes to global supply chains. Forecast risks before they occur. The platform allows collaboration from order management, forecasting, capacity planning, inventory and quality, to cost management. Eliminate silos, glue the chain together.

Risk 52

Risk Forecasting Machine Learning Management 52

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

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. PODCAST: COVID 19 | Redefining Digital Enterprises. Management.

Risk Management 128

Risk Management Risk Enterprise Management 128

Jedox

SEPTEMBER 11, 2019

Even though we have so much advanced technology surrounding us, we still cannot just ask, “ Hey Siri, what’s my forecasted EBITDA look like ?” Many of the algorithms used for budgeting, planning, and forecasting are already in use and were proven decades ago. This is not just risk mitigation. Experimental” Technology.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

Smart Data Collective

MARCH 2, 2023

Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services. Big data technology used to be a luxury for small business owners. In 2023, big data Is no longer a luxury. These factors are place, promotion, product, and price.

Big Data 82

Big Data Uncertainty Risk Data mining 82

CIO Business Intelligence

FEBRUARY 13, 2023

Upgrading cloud infrastructure is critical for deploying broad AI initiatives more quickly, so that’s a key area where investments are being made this year. Fifty-two percent of organizations plan to increase or maintain their IT spending this year, according to Enterprise Strategy Group.

IT 145

IT Insurance Machine Learning Marketing 145

DataRobot Blog

MAY 26, 2022

To start with, SR 11-7 lays out the criticality of model validation in an effective model risk management practice: Model validation is the set of processes and activities intended to verify that models are performing as expected, in line with their design objectives and business uses. Validating Machine Learning Models.

Risk 52

Risk Modeling Metrics Business Objectives 52

IBM Big Data Hub

FEBRUARY 19, 2024

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. It includes everything from product development and strategic decision-making to information systems and new technologies.

Strategy 86

Strategy Management Forecasting Cost-Benefit 86

CIO Business Intelligence

SEPTEMBER 14, 2022

technologies that fueled data strategies aimed at identifying inefficiencies, streamlining processes, and improving the ability to forecast and predict industry trends. technologies that fueled data strategies aimed at identifying inefficiencies, streamlining processes, and improving the ability to forecast and predict industry trends.

Manufacturing 116

Manufacturing IT Software Digital Transformation 116

CIO Business Intelligence

JULY 31, 2023

What major challenges and risks stand between the current state and the vision? For those companies operating on a calendar year, the end of summer signals the start of annual planning and the mad dash to prepare their IT strategies. This year, before you open any slides, grab a notepad. Can you answer these seven questions?

Strategy 95

Strategy IT Cost-Benefit Finance 95

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 129

Enterprise Cost-Benefit Forecasting Strategy 129

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

SEPTEMBER 6, 2023

Obsolete data and financial projections A budget, at its core, is a financial forecast. Unanticipated risks Good budgeting plans for risks. Using an old budget can result in inadequate hedging strategies, poor financial decisions, exposure to unfavorable currency fluctuations or misjudged credit risks. Far from it.

Forecasting 88

Forecasting Marketing Risk Sales 88

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 139

Predictive Analytics Analytics Predictive Modeling Forecasting 139

bridgei2i

APRIL 23, 2020

The banking sector globally is definitely going to see impact, some more grave than the others and most of them are announcing short to mid term measure both from a customer and business risk mitigation standpoint. Europe is in worse shape than America, with banks in UK, Italy and Germany in the risk of being in red.

Risk 52

Risk Management Scorecard Forecasting 52

DataRobot Blog

DECEMBER 6, 2022

Taking a Multi-Tiered Approach to Model Risk Management. Understand why organizations need a three-pronged approach to mitigating risk among multiple dimensions of the AI lifecycle and what model risk management means to today’s AI-driven companies. Forecast Time Series at Scale with Google BigQuery and DataRobot.

Experimentation 145

Experimentation Forecasting Data-driven Machine Learning 145

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. And the key to success is having data that can be analyzed for actionable insights.

IoT 83

IoT Internet of Things Forecasting Digital Transformation 83

CIO Business Intelligence

MAY 4, 2022

More specifically, Rasmussen is boosting her spend on cybersecurity to help manage risk, a key element for enabling Ceridian’s planned global expansion. Ceridian SVP and CIO Carrie Rasmussen got a 7% bump in her IT budget for 2022, with her company’s growth, its ongoing digitalization drive, and security mindfulness driving the boost.

IT 135

IT Business Driver Reporting Uncertainty 135

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. Artificial intelligence has already unlocked opportunities that most organizations never thought possible. It’s a huge shift from the norm. AI will impact how the work gets done.

Finance 93

Finance Forecasting IoT Predictive Modeling 93

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. While predictive AI certainly isn’t a new concept, it’s been seen as the little brother to GenAI. But it shouldn’t.

Forecasting 119

Forecasting Machine Learning Software Data-driven 119

CIO Business Intelligence

SEPTEMBER 6, 2022

Pimblett took a carrot-and-stick approach to get everyone working together, partnering with them on value creation (the carrot of profit) and risk mitigation (the stick of compliance). Very grew from the successive mergers of a number of mail order catalog companies, the oldest dating back to the 1890s.

IT 81

IT Forecasting Data Lake Enterprise 81

CIO Business Intelligence

DECEMBER 14, 2023

Additionally, generative AI can help with demand forecasting by using historical data to predict demand fluctuations and improve inventory management. Risk management Manufacturing operations are inherently prone to risks and disruptions, such as cyber vulnerabilities, operational safety, and others.

Manufacturing 131

Manufacturing Cost-Benefit Unstructured Data Optimization 131

CIO Business Intelligence

NOVEMBER 8, 2023

This requires knowing the risks involved with the cloud, which include external risks and threats, as well as internal risks and threats that could not only lead to a security compromise or an embarrassing leak but may affect organizations’ overall productivity and efficiency. 8 Complexity.

Cost-Benefit 129

Cost-Benefit Risk Digital Transformation Reporting 129

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. The complex and ever-evolving nature of logistics makes it an essential use case for big data applications. Did you know?

Big Data 275

Big Data Cost-Benefit Internet of Things Optimization 275

Smarten

MAY 17, 2019

Whether you need to anticipate and plan for equipment maintenance, target online customers, control customer churn, or identify ways to cross-sell and upsell customers on existing and new products and services, these predictive analytics tools can help you to optimize your marketing budget and your resources and mitigate risk and market missteps.

Predictive Analytics 65

Predictive Analytics Forecasting Analytics Predictive Modeling 65

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. It requires extensive planning and top-notch project management skills to get right. Power BI Is Highly Complex.

Finance 52

Finance Risk Reporting Software 52

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. Imagine a symphony orchestra where each musician plays their own tune without listening to others.

Key Performance Indicator 80

Key Performance Indicator Forecasting Data Integration Sales 80