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How to build a successful procurement strategy

IBM Big Data Hub

A procurement strategy allows an organization to navigate an increasingly complex global supply chain, adapt swiftly to market fluctuations, and achieve cost optimization, operational efficiency and growth. A procurement strategy is not merely a series of steps for acquiring goods and services. What is a procurement strategy?

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Vendor Security is Key to Preventing Future Data Breaches

Smart Data Collective

As data breaches continue to be a serious concern, organizations need to take stringent measures to protect against them. One issue that they need to take into consideration is the importance of third-party data security risks caused by improper vendor security. The truth is that data breaches are as common as ever.

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What is Integrated Business Planning (IBP)?

IBM Big Data Hub

By having real-time data at their fingertips, decision-makers can adjust their strategies, allocate resources accordingly, and capitalize on the unexpected spike in demand, ensuring customer satisfaction while maximizing revenue. Key performance indicators (KPIs) are established to measure progress and enable proactive management.

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Combine transactional, streaming, and third-party data on Amazon Redshift for financial services

AWS Big Data

Amazon Redshift features like streaming ingestion, Amazon Aurora zero-ETL integration , and data sharing with AWS Data Exchange enable near-real-time processing for trade reporting, risk management, and trade optimization. Apart from generating regulatory reports, these teams require visibility into the health of the reporting systems.

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Project management: Tips, tools, best practices

CIO Business Intelligence

Human resource management: Plan and identify human resource needs. Communications management: Plan stakeholder communications. Risk management: Perform qualitative and quantitative risk analysis, plan risk mitigation strategies. Procurement management: Identify and plan required procurements.

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A Guide To Starting A Career In Business Intelligence & The BI Skills You Need

datapine

This all-encompassing branch of online data analysis is a particularly interesting field because its roots are firmly planted in two separate areas: business strategy and computer science. Problem-solving : BI isn’t just about analyzing data; it’s also about creating business strategies and solving real-world business problems with that data.

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Managing machine learning in the enterprise: Lessons from banking and health care

O'Reilly on Data

A look at how guidelines from regulated industries can help shape your ML strategy. After the 2008 financial crisis, the Federal Reserve issued a new set of guidelines governing models— SR 11-7 : Guidance on Model Risk Management. Note that the emphasis of SR 11-7 is on risk management.). Sources of model risk.