Smart Data Collective

OCTOBER 6, 2023

One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. In this article, we will explore the significance of managing seasonal fluctuations and the strategies businesses can implement. Businesses must forecast demand accurately to ensure supply can meet demand.

Management 116

Management Analytics Predictive Analytics Cost-Benefit 116

CIO Business Intelligence

DECEMBER 26, 2023

As a first step toward reducing uncertainty and surprise in 2024, I suggest CIOs take baby steps to operationalize learning by leaning into this briefing structure. Uncertainty is Certain A key reason to do this is because uncertainty abounds. Today, not so much. Here’s what that means and how to achieve it.

Uncertainty 97

Uncertainty Technology Forecasting Strategy 97

O'Reilly on Data

JUNE 16, 2020

We know, statistically, that doubling down on an 11 is a good (and common) strategy in blackjack. But when making a decision under uncertainty about the future, two things dictate the outcome: (1) the quality of the decision and (2) chance. Mike had made the common error of equating a bad outcome with a bad decision.

Uncertainty 282

Uncertainty Testing Risk Reporting 282

Jet Global

FEBRUARY 2, 2023

Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9% trillion worldwide by 2030.

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

Jedox

APRIL 21, 2020

In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. Once the low point has passed, transformation strategies – which were already on the agenda – may be accelerated. In the face of uncertainty, investor relations are paramount.

Uncertainty 52

Uncertainty Modeling Management Finance 52

CIO Business Intelligence

MAY 2, 2022

Digital transformation is not a strategy —a strategy has an end point, a set of tactics designed to achieve that end point, and a timeline. IT strategy in the digital age. The path forward begins with strategy and strategy begins with conversations—conversations with customers, employees, suppliers, and stakeholders.

Digital Transformation 144

Digital Transformation Uncertainty Strategy Forecasting 144

Jet Global

MARCH 30, 2021

Tax planning is playing an increasingly important part in corporates’ enterprise resource management (ERM) strategies, driven by the many uncertainties created by political, economic, and pandemic-related trends. Reputational management is another driver for boards to build tax planning into ERM strategies.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

CIO Business Intelligence

JANUARY 15, 2024

Bernaert cited differences of opinion over governance as the reason for his departure: He disagreed with the board about the need for recent changes in the company’s strategy, and the way they were executed. However, it expects to miss its free cash flow forecast of negative €1 billion, falling a further €100 million short.

Uncertainty 97

Uncertainty Sales Finance Forecasting 97

Jedox

JANUARY 3, 2023

In times of uncertainty and change, technology can drive our ability to adapt quickly. Geopolitical tensions could cause rapid change across the economy, requiring organizations to change strategies quickly, re-forecast often, and use multiple scenario planning with all information available. Technology is a talent magnet.

Uncertainty 83

Uncertainty Forecasting Finance Data-driven 83

CIO Business Intelligence

MAY 4, 2022

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. More specifically, Rasmussen is boosting her spend on cybersecurity to help manage risk, a key element for enabling Ceridian’s planned global expansion.

IT 135

IT Business Driver Reporting Uncertainty 135

Jet Global

AUGUST 6, 2020

Andy Burrows is a UK-based finance consultant who coaches businesses all over the world to drive performance using data and financial strategies that work in practice, not just in theory. I always have a value driver tree in my strategy sessions, and employee engagement can go on that tree.

Strategy 96

Strategy Finance Forecasting Consulting 96

Jet Global

JANUARY 31, 2022

In most companies, planning, budgeting, and forecasting processes are fairly well-established, but just because you’ve always done things a certain way doesn’t mean you can’t improve them. In many respects, strategy is as much about deciding what is less important as it is about specifying what is most important.

Forecasting 52

Forecasting Recreation/Entertainment Finance Software 52

Jet Global

OCTOBER 18, 2021

Factory shutdowns, shipping bottlenecks, and shortages of raw materials have led to substantial uncertainty for businesses seeking to address the vicissitudes of supply-side availability. The “What” and “Why” of Demand Planning and Forecasting. There is equal danger in not having enough inventory on hand.

Forecasting 52

Forecasting Recreation/Entertainment Sales Finance 52

CIO Business Intelligence

DECEMBER 13, 2023

The company is focusing on automating financial processes so workers can concentrate on the strategic aspects of their businesses, said Dan Brown, Certinia’s chief product and strategy officer, in a conference call to present the new release to press and analysts. We’re pretty excited about it.”

Finance 75

Finance Forecasting Uncertainty Sales 75

CIO Business Intelligence

OCTOBER 12, 2023

Premium Plus includes access to sustainability insights derived from business processes’ carbon footprints and financial costs (SAP’s “ green ledger ”), new generative AI capabilities accessed through its Joule virtual assistant, improved forecasting, and the ability to create a portal for suppliers to simplify spend management.

Cost-Benefit 121

Cost-Benefit Uncertainty Enterprise Risk 121

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

CIO Business Intelligence

SEPTEMBER 22, 2022

This echoes some existing sentiment, especially around D&I, for instance, but the discipline of success lies in not only thinking 10 years ahead but also walking it back to the present to account for progress—a model that has given the IFTF a consistent track record of successfully forecasting futures. “I

Uncertainty 102

Uncertainty Forecasting Visualization Big Data 102

Jet Global

FEBRUARY 10, 2021

Contributory factors to uncertainty. Two of the biggest reasons that lead to year-end uncertainty and eleventh-hour price changes are the lack of proper planning and coordination that should happen throughout the year. A further 10 percent calculate October actuals and 2-month forecasts.

Finance 98

Finance Uncertainty Forecasting Software 98

CIO Business Intelligence

FEBRUARY 13, 2023

We realize the value of a multi-cloud strategy as part of the overall effort to modernize the federal IT infrastructure. As a long-term supplier to the U.S. government, including customers related to our national security, Broadcom is committed to serving the federal market. UK, Germany and France included a heavy focus on multi-cloud.

IT 59

IT Uncertainty Sales Risk 59

erwin

AUGUST 13, 2020

Here are some of the issues and questions being raised: Growth : How do we define growth strategies (e.g., Customer Engagement : How can we better engage with customers including brand, loyalty, customer acquisition and product strategy? Compliance and Legislation : How do we manage uncertainty around legislative change (e.g.,

Enterprise 143

Enterprise Cost-Benefit Uncertainty ROI 143

CIO Business Intelligence

SEPTEMBER 20, 2023

They are afraid of failure and the uncertainty of knowledge work, and so that’s stressful. Agile is an amazing risk management tool for managing uncertainty, but that’s not always obvious.” The key is recognizing that planning must be an agile discipline, not a standalone activity performed independently of agile teams.

Digital Transformation 124

Digital Transformation Uncertainty Metrics Business Objectives 124

Jet Global

MAY 11, 2021

By a significant margin, respondents identified financial planning and analysis (66%) as the finance team’s main responsibility, followed by its key elements of financial modeling (56%) and budget and forecasting (48%). COVID-19 Response & Economic Recovery Indicators. Visit insightsoftware.com for more information.

Finance 98

Finance Technology Forecasting Uncertainty 98

O'Reilly on Data

JANUARY 22, 2019

Whether financial models are based on academic theories or empirical data mining strategies, they are all subject to the trinity of modeling errors explained below. All models, therefore, need to quantify the uncertainty inherent in their predictions. Image by Mike Shwe and Deepak Kanungo. Used with permission.

Modeling 136

Modeling Finance Uncertainty Data mining 136

Jet Global

APRIL 9, 2023

Now more than ever, organizational leadership is looking to the Office of the CFO to be a strategic partner in building an overall business strategy. This means finance is saddled with providing timely planning, forecasting, and reporting that informs business decisions in the moment. But it should be.

Finance 52

Finance Forecasting Predictive Analytics Data-driven 52

CIO Business Intelligence

MAY 23, 2023

By extending our multi-cloud strategy, we will invest in extending Vmware’s software stack to run and manage workloads across private and public clouds, which means any enterprise can run application workloads easily, securely, and seamlessly on-prem, or in any cloud platform they prefer. To learn more, visit Broadcom.

Uncertainty 129

Uncertainty Cost-Benefit Risk Technology 129

Jet Global

JUNE 21, 2023

CEOs are increasingly partnering with CFOs to guide companies through this current uncertainty. Accurate financial forecasting requires more frequent reporting, tapping the productivity of already lean finance teams,” said Bryan Motteram, VP of product marketing at insightsoftware.

Finance 52

Finance Uncertainty Digital Transformation Reporting 52

Jet Global

OCTOBER 21, 2020

Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. Furthermore, obtaining organisational consensus on a forecast can be as difficult as getting the organisation to contribute to the planning process in the first place.

Forecasting 98

Forecasting Finance Business Driver Key Performance Indicator 98

IBM Big Data Hub

MAY 24, 2023

In an era of evolving consumer preferences and economic uncertainties, the beverage industry stands as a vibrant reflection of changing trends and shifting priorities. We are bringing together a diverse team of consultants to lead the strategy and help implement RISE with SAP S/4HANA Cloud across Diageo’s global business.

Digital Transformation 79

Digital Transformation Consulting Data-driven Uncertainty 79

IBM Big Data Hub

FEBRUARY 20, 2024

According to the Geophysical Fluid Dynamics Laboratory of the US’s National Oceanic and Atmospheric Association (NOAA), “Climate models reduce the uncertainty of climate change impacts, which aids in adaptation.” In some cases, the latter can mean rolling back older flood mitigation strategies.

Modeling 114

Modeling Forecasting Reporting Risk 114

Jet Global

JULY 16, 2020

The construction industry has been hit especially hard by the events of 2020, with spending in the US forecast to be down as much as 9 percent. Deal furthers mission to deliver powerful portfolio of enterprise software solutions for Office of the CFO; expands real-time financial reporting capabilities for top ERPs Sage and Viewpoint.

Software 98

Software Forecasting Uncertainty Finance 98

Jet Global

OCTOBER 10, 2023

Learn how the connect effect can help transform employee experience and business outcomes. Monica Boydston of insightsoftware explains “the connect effect” and its impact on transforming employee experience and driving better business outcomes. Learn how connected data, capabilities, applications, and global teams can lead to success.

Finance 59

Finance Operational Reporting Reporting Forecasting 59

Jedox

JUNE 4, 2020

Integrated continuous planning supports this in several ways: Lessens the “growing pains” that come with planning and forecasting in a fast-growing business. If the idea of doing an annual budget seems scary, let alone re-forecasting monthly, then you haven’t been working with the right tools or embracing the right strategy.

Forecasting 64

Forecasting Uncertainty Data Processing Finance 64

CIO Business Intelligence

MAY 16, 2023

By Bryan Kirschner, Vice President, Strategy at DataStax Consumers love smart personalization. The company is all in on AI, as this Forbes article posits: “Target can now use artificial intelligence (AI) to recommend products based on searches, to aid demand forecasting and ordering and all along the supply chain.

Recreation/Entertainment 52

Recreation/Entertainment Uncertainty Strategy Forecasting 52

IBM Big Data Hub

MARCH 8, 2024

Some forecasts suggest online retail might be responsible for half of all retail revenues by next year. In the constantly shifting, rapidly expanding ecommerce ecosystem, businesses must think creatively about their digital strategies and how best to create dynamic, interactive shopping experiences that improve customer relationships.

Consulting 80

Consulting Marketing Sales Data Processing 80

CIO Business Intelligence

FEBRUARY 24, 2023

Tanzu is a central part of VMware’s software portfolio and its multi-cloud strategy, and will remain that way after Broadcom’s acquisition of VMware closes. Air Force Software Factory is now self-sustaining, employing more than 1200 people who build mission critical systems that will increasingly leverage a multi-cloud strategy.

Software 101

Software Uncertainty Risk Cost-Benefit 101

Jet Global

JULY 28, 2023

Here, we discuss how factors like market uncertainty and IT dependence impact finance teams throughout EMEA. The State of Finance in EMEA Finance teams worldwide have been deeply impacted by market uncertainty. Financial skills shortages across EMEA is a key contributor to Finance team over-reliance on IT.

Finance 52

Finance Uncertainty Reporting Forecasting 52

Jet Global

JULY 28, 2023

No matter what industry you’re in, the ability to quickly and accurately forecast budgets is key to keeping your business healthy and successful. It’s challenging to balance the costs and demands of those trends without accurate and robust forecasting capabilities.

Forecasting 52

Forecasting Sales Dashboards Reporting 52