IBM Big Data Hub

SEPTEMBER 6, 2023

Why budgeting feels like a marathon Just like marathon training takes months of preparation, crafting a budget involves a lot of data collection, metrics analysis, resource allocation and collaboration. Obsolete data and financial projections A budget, at its core, is a financial forecast.

Forecasting 89

Forecasting Marketing Risk Sales 89

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. In addition to enhanced decision-making, flexibility and visibility, analytics engines paired with AI can help manage supplier risk.

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. There’s a lot more weather data available that a professional meteorologist (especially one armed with software designed for analyzing weather data) could use to make detailed forecasts for anywhere from an hour to five days out.

Forecasting 106

Forecasting Software Metrics Enterprise 106

Jet Global

APRIL 27, 2020

In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Frequent updates based on real-time data provide an up-to-the-minute view of key metrics. Clear visibility to key metrics keeps the team focused and encourages clear, concise daily communication. Re-Assess Your Risks.

Forecasting 80

Forecasting Finance Metrics Risk 80

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

datapine

JUNE 15, 2023

By being able to make informed decisions, you’ll ensure your goals are being met with less financial risk, thanks to smart resource allocation. This time, including valuable forecasts for costs and income. Each of these KPIs is tracked in its actual value, its forecast value, and the absolute difference in number and percentage.

Reporting 207

Reporting Cost-Benefit Dashboards Sales 207

Smart Data Collective

JULY 9, 2023

Understanding E-commerce Conversion Rates There are a number of metrics that data-driven e-commerce companies need to focus on. It is a crucial metric that provides priceless information about your website’s ability to transform visitors into paying customers. Some of the most important is conversion rates.

Optimization 73

Optimization Data Analytics Analytics Data-driven 73

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

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 129

IT Risk Cost-Benefit Risk Management 129

IBM Big Data Hub

DECEMBER 13, 2023

By assessing and proactively managing risks inherent in the supply chain , organizations can shield themselves from disruptions and strengthen the resilience of their operations. This enables an effective and adaptive approach to sourcing that creates value and minimizes risk.

Strategy 72

Strategy Cost-Benefit Key Performance Indicator Consulting 72

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

Corinium

JUNE 6, 2019

Regulations and compliance requirements, especially around pricing, risk selection, etc., How can advanced analytics be used to improve the accuracy of forecasting? The use of newer techniques, especially Machine Learning and Deep Learning, including RNNs and LSTMs, have high applicability in time series forecasting.

Insurance 250

Insurance Analytics Forecasting Deep Learning 250

IBM Big Data Hub

MARCH 4, 2024

While many organizations have implemented AI, the need to keep a competitive edge and foster business growth demands new approaches: simultaneously evolving AI strategies, showcasing their value, enhancing risk postures and adopting new engineering capabilities. Otherwise, the risks become too significant.

Enterprise 106

Enterprise ROI Risk Strategy 106

DataRobot Blog

OCTOBER 18, 2022

The DataRobot expo booth at the 2022 conference showcased our AI Cloud platform with industry-specific demonstrations including Anti-Money Laundering for Financial Services , Predictive Maintenance for Manufacturing and Sales Forecasting for Retail. Today, his team is using open-source packages without a standardized AI platform.

Big Data 96

Big Data Forecasting Experimentation Metrics 96

CIO Business Intelligence

SEPTEMBER 20, 2023

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. He recommends that leaders identify a metric that focuses on value to the customer.

Digital Transformation 123

Digital Transformation Uncertainty Metrics Business Objectives 123

Smart Data Collective

JULY 20, 2021

Currently, lenders rely heavily on customer credit scoring and other metrics including income checks and affordability checks, but for the average personal loan or credit card, there is no real delving into someone’s banking activity or machine learning analysis. What Are the Risks Associated with Online Banking?

Machine Learning 133

Machine Learning Risk Data-driven Forecasting 133

IBM Big Data Hub

AUGUST 7, 2023

This article, part of the IBM and Pfizer’s series on the application of AI techniques to improve clinical trial performance, focuses on enrollment and real-time forecasting. Ultimately, enabling real-time monitoring of site activities and enrollment progress could prompt timely mitigation actions ahead of time.

Optimization 59

Optimization Forecasting Data-driven Strategy 59

Alation

OCTOBER 26, 2021

They need trusted data to drive reliable reporting, decision-making, and risk reduction. These include missing out on new revenue opportunities, poorly forecasting performance, and making bad investments. And, by implementing continuous data reviews, finance teams better support compliance and risk management.

Finance 52

Finance Data Transformation Enterprise Metrics 52

datapine

FEBRUARY 14, 2021

That’s why it’s critical to monitor and optimize relevant supply chain metrics. Finally, we will show how to combine those metrics with the help of modern KPI software and create professional supply chain dashboards. Your Chance: Want to visualize & track supply chain metrics with ease? Cash-to-cash Time Cycle.

Metrics 260

Metrics KPI Dashboards Sales 260

Smart Data Collective

JULY 9, 2021

It has been shown that big data can minimize employment risks during the hiring process. There are a lot of challenges that employees face when they try to forecast future staffing needs. Big data helps companies assess employee satisfaction by analyzing a variety of key metrics. It also helps with creating a solid hiring model.

Data Analytics 127

Data Analytics Management Analytics Big Data 127

Smart Data Collective

FEBRUARY 9, 2022

For instance, they display trend lines, pivot points, low volatility and other metrics in distinct colors. Target profit percentage: These metrics can enable you to set reasonable profit targets, which may help eliminate emotion in trading. For example, the trading duration, volatility and risk involved, among other things.

Visualization 133

Visualization Optimization Analytics Testing 133

IBM Big Data Hub

JANUARY 16, 2024

During this process, a business should extensively research similar products and fully investigate the new product’s competitive advantage over other offerings to forecast an accurate future market share. Tracking these metrics can help an organization make a systematic plan to prioritize products and features.

Strategy 82

Strategy Cost-Benefit Testing Manufacturing 82

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. RALEIGH, N.C. – Visit insightsoftware.com for more information.

Finance 98

Finance Technology Forecasting Uncertainty 98

Smart Data Collective

AUGUST 30, 2020

“As it is the case with any venture, there are some risks that are inherent to the housing market. Being able to mitigate these risks and navigate various market trends is essential for generating a profit,” Mashvisor notes. In fact, the use of real estate data has entirely replaced gut decisions with metric-driven practices.

Big Data 114

Big Data Risk Data-driven Marketing 114

Jet Global

OCTOBER 8, 2020

Not only have finance teams had to close companies’ books remotely, but they’ve also been required to provide the insight and information needed for some extremely complex decision-making, and continuously plan and forecast for events with little or no historical context. Tip 2: Improving accounts receivable procedures.

Finance 98

Finance Reporting Forecasting Metrics 98

IBM Big Data Hub

OCTOBER 5, 2022

Having the ability to build and use models in this way is fundamental to managing supply chain and financial risk through activities like “what-if scenario planning”, as explained in this blog post. As such, planning becomes a continuous rolling activity as the lines between “plan”, “budget” and “forecast” are blurred.

Analytics 52

Analytics Forecasting Predictive Modeling Manufacturing 52

CIO Business Intelligence

OCTOBER 1, 2022

You wanted something, or needed a part to produce a product, and you simply ordered it and it would be delivered — quickly, affordably, and with forecastable precision. Prior to the pandemic, most people — even businesses — took supply chains for granted. This is no longer the case.

Cost-Benefit 107

Cost-Benefit Manufacturing Forecasting Metrics 107

Smart Data Collective

JUNE 29, 2022

For example, users can get forecasts on their income or expenses in the future. Being able to forecast demand and revenue, improving cash flow management, and predicting financial risks are all ways that fintech companies can remain relevant in the modern market. Success Metrics. Key Challenges of AI in Fintech.

Cost-Benefit 86

Cost-Benefit Predictive Analytics Finance Forecasting 86

bridgei2i

JULY 8, 2020

They discuss the impact of the pandemic on enterprises and the need to adopt parallel windows – a short term window to get an enterprise’s operational system up and running as effectively as possible, and a medium-term outlook to mitigate the supply chain shocks and risks. Tune in, and don’t forget to subscribe!

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

CIO Business Intelligence

JULY 31, 2023

What major challenges and risks stand between the current state and the vision? Borrow revenue projections from FP&A, then layer in projected IT run-rate spend, IT project spend for each year in the forecast, and summarize total IT spend as a percentage of revenue. Hint: Be ready to explain any increase in this metric.

Strategy 94

Strategy IT Cost-Benefit Finance 94

Smarten

NOVEMBER 28, 2023

Managers should support these tools and require that team members ‘show their work’ with reports and graphs and charts gleaned from the augmented analytics solution to support team recommendations, reveal metrics for existing processes, and show results for new approaches, insight into problems and possible business opportunities.

Analytics 67

Analytics Digital Transformation Cost-Benefit Testing 67

datapine

NOVEMBER 15, 2022

1) What Are Product Metrics? 2) Types Of Product Metrics. 3) Product Metrics Examples You Can Use. 4) Product Metrics Framework. The right product performance metrics will give you invaluable insights into its health, strength and weaknesses, potential issues or bottlenecks, and let you improve it greatly.

Metrics 141

Metrics KPI Measurement Dashboards 141

FineReport

APRIL 9, 2024

By leveraging advanced analytics capabilities, businesses can uncover hidden opportunities and potential risks within their datasets, allowing them to proactively address challenges and capitalize on emerging trends. In addition to these advancements, another prominent trend in data analysis is the growing impact of data visualization.

Business Intelligence 52

Business Intelligence Software Data-driven Predictive Modeling 52

datapine

NOVEMBER 5, 2019

By harnessing the insights, information, and metrics that are most valuable to key aspects of your business and understanding how to take meaningful actions from your data, you will ensure your business remains robust, resilient, and competitive. If you fail to do so, you risk damages in your productivity and costs. Smart alarms.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

CIO Business Intelligence

AUGUST 17, 2022

The 2022 KPMG Fraud Outlook report “A Triple Threat Across the Americas” affirmed the increasing challenges; 77% of respondents to the KPMG survey say their cyber risk will grow over the next year. The evidence that enterprises want the “autonomous” component to be built into storage platforms underscores what we forecasted for 2022.

Enterprise 98

Enterprise Cost-Benefit Snapshot Data-driven 98

Jet Global

SEPTEMBER 10, 2020

Forward-looking enterprises that are achieving better outcomes have already quickly reworked forecasts on supply chains, materials, and costs. How many times have you had to wait for the operations team to supply the data needed to complete a forecast? Navigating Your Transition to xP&A.

Forecasting 52

Forecasting Finance Uncertainty Sales 52

Jet Global

APRIL 27, 2020

Financial modeling involves combining key accounting, finance, and business metrics to build an abstract representation, or model, of a company’s financial situation. Executives typically use financial models to make decisions about: Budgeting and forecasting. What Is Financial Modeling? Organic business growth. Valuing the company.

Modeling 72

Modeling Forecasting Finance Visualization 72