Handling uncertainty: panic vs. precautions…

Timo Elliott

A more flexible way of attacking uncertainty is to look beyond specific models and instead benchmark against “other people like us.” Best practice UncertaintyIt’s always hard to make the right decisions when the data is uncertain. And that’s currently more important than ever, faced with the rise of the SARS-CoV-2 novel coronavirus and COVID-19, the disease it causes.

Forecasting uncertainty at Airbnb

O'Reilly on Data

Continue reading Forecasting uncertainty at Airbnb Theresa Johnson outlines the AI powering Airbnb’s metrics forecasting platform.

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How an EPM Solution Supports Managing Economic Uncertainty

Jedox

We are pleased to welcome Mr. Dean Boyer as a guest to the Jedox Blog for our series on “Managing Uncertainty” Mr. Boyer is a Director of Technology Services at Marks Paneth LLP, a premier accounting firm based in the United States.

Cones of Uncertainty and Certainty and Organizational Change

Perficient Data & Analytics

This concept, known as the Cone of Uncertainty , is found in many industries including software development, project management, construction and risk management. To a software development team, the Cone of Uncertainty describes how the amount of uncertainty evolves over time as the team moves through their phases of technology change. As the chart illustrates below, the level of uncertainty decreases as the team gathers research and makes decisions through each phase.

Decision Making with Uncertainty Requires Wideward Thinking

Andrew White

COVID-19 and the related economic fallout has pushed organizations to extreme cost optimization decision making with uncertainty. Everything Changes. As a result, Data, Analytics and AI are in even greater demand. Every decision by every executive leader need information: What investments to furlough or delay, or accelerate? What initiatives to curtail, cancel or double down with? Who to let go or keep on the dwindling payroll?

Information Governance in an Era of Uncertainty

TDAN

The word “organize” is the root of the word “organization.” Organizations are compelled to organize their information. With that said, organizations can operate in an organized and holistic manner with the application of information governance. In this article, we elaborate on the benefit, effective operations, and value of information governance in your organization. Even though […].

The Importance of Agility in FP&A To Manage Uncertainty

Jedox

Times of crisis mean uncertainty, both personally and professionally. In this blog post, we’ll look at the importance of agility in FP&A in being able to better manage uncertainties, even during uncertain times and build resilience for the future. Business continuity is of paramount importance in times of uncertainty, especially for FP&A professionals in strategic roles in their organization.

How an EPM Solution Supports Managing Economic Uncertainty

Jedox

We are pleased to welcome Mr. Dean Boyer as a guest to the Jedox Blog for our series on “Managing Uncertainty” Mr. Boyer is a Director of Technology Services at Marks Paneth LLP, a premier accounting firm based in the United States.

How Private Equity Firms Can Manage Uncertainty With Scenario Modeling

Jedox

In the face of unprecedented uncertainty, the question is how to quickly evaluate risk, opportunities and competitively allocate capital. At the fund level, great uncertainty demands continual strategic and portfolio reviews to manage liquidity, identify assets at risk, and understand growth challenges. In the face of uncertainty, investor relations are paramount. This is the last post in our series on the importance of agility in managing uncertainty.

CFO Panel | How to Navigate Your Business Through This Uncertainty

Jet Global

The post CFO Panel | How to Navigate Your Business Through This Uncertainty appeared first on insightsoftware. As global concern about the COVID-19 outbreak continues, businesses around the world are under tremendous additional pressure to adapt to a quickly shifting situation. In this webinar, you’ll hear from leading Finance executives and advisors about how they’re managing their businesses through this period and what advice they have for other businesses facing similar challenges.

Living Post Uncertainty: How Changes Today Will Propel Future Generations

Sisense

Through understanding past crises and recent data in the world around us, we want to help everyday people understand how their choices will lead to a better outcome, dispel uncertainty and use data to chart, draw, and paint a better future. Even taking into account the two other pandemics of the 20th century, very few people experienced similar levels of fear, uncertainty, and doubt.

Agile BI & Analytics is the Need of the Hour – Drive insights during Pandemic Uncertainty

Perficient Data & Analytics

Perficient’s Data Solutions team can address all the above for your Organization in these times of Uncertainty and make sure Data and Insights are being delivered at pace in tune with the disruption and changing ground reality for your Enterprise.

During times of uncertainty, our customers need us the most

Nutanix

As we grapple today with the reality of a global pandemic and businesses are challenged with a new normal, our unwavering commitment to our customers remains unchanged

Eliminate Fear, Uncertainty, Doubt with Well Architected Solutions

Nutanix

Well architected solutions thrive in complex situations, where adaptability means business continuity, where the continuity is essentially the only path to business survivability

Eliminate Fear, Uncertainty, Doubt with Well Architected Solutions

Nutanix

Well architected solutions thrive in complex situations, where adaptability means business continuity, where the continuity is essentially the only path to business survivability

During times of uncertainty, our customers need us the most

Nutanix

As we grapple today with the reality of a global pandemic and businesses are challenged with a new normal, our unwavering commitment to our customers remains unchanged

COVID-19’s Impact on Corporate Learning Laid Bare at L&D Champions Online

Corinium

The COVID-19 pandemic has highlighted just how important it is for talent leaders to be laser-focused on the kind of work that will accelerate their organizations’ abilities to adapt and thrive in times of uncertainty. How organizations can rapidly evolve their talent to foster resilience and innovation was a key theme at this three-day corporate learning digital event.

Data management: 6 dos and don’ts of managing your business with data

Phocas

Tracking key metrics across inventory, customer behavior, finance, and other areas of your business has never been more important with the uncertainties that are impacting practically every industry today.

5 data trends business managers can monitor to rebound faster

Phocas

During this time of uncertainty, business managers must have the ability to cut through the noise so they can see what’s happening and understand the changes taking place in their businesses. Accurate and timely data will help you decide which areas of your business are critical and where to focus. Full visibility of your operations allows you to determine data trends so you can make fact based decisions and rebound faster.

Improving Prediction of the Unconfirmed COVID-19 Cases

Teradata

With the lack of available tests & uncertainty around the true number of COVID-19 cases, Teradata Epidemiologist Daniel Ulatowski & Data Scientist Jack McCush hypothesize how symptomatic data & the Vantage ML Engine can be utilized to predict cases

China's expanded export controls pose fresh challenge to global tech industry

DataFloq

28 came as an unwelcome surprise to an industry already grappling with the uncertainty posed by trade tensions between China and the United States. By Josh Horwitz.

How data analytics can help slow down your thinking

Phocas

Kahneman has dedicated his life to researching human judgement – especially under uncertainty and whether people are susceptible to flawed intuition. My fascination with the psychology of decision-making continues. My latest sage is Daniel Kahneman , a leading psychologist and winner of the Nobel Prize in economics for prospect theory. His book, Thinking, fast and slow summarizes much of his research. The book explains why humans make errors of judgement, and the role of systematic bias.

Zendesk - The Impact of COVID-19 on CX

Corinium

With the coronavirus outbreak, customer experience teams across the globe have had to rapidly adapt amid ticket spikes, customer cancellations, market volatility, and increased uncertainty. Each week brought new challenges , and business simply wasn't business as usual. Most teams responding to customers are now in a work from home environment, putting additional strain on their ability to respond to customers effectively. For many of us, that means learning and adjusting as we go.

Unlocking IT cost savings with IBM Cloud Pak for Data

IBM Big Data Hub

With COVID-19 and the current market uncertainty, every business leader is under unprecedented pressure to cut their expenses while still ensuring business continuity - no one, more so than the CIO. Enabling this new reality of virtual collaboration, automation and self-service while supporting the increased focus on data, analytics and AI is forcing IT leaders to reduce complexity and consolidate their offerings.

How to improve manufacturing ROI with prescriptive analytics

IBM Big Data Hub

Today's manufacturing organizations operate in a dynamic environment characterized by increased complexity and uncertainty. The financial performance of manufacturers hinges on their ability to rapidly adapt to constantly-changing conditions, from demand fluctuations to delivery challenges while managing production costs efficiently. Prescriptive analytics helps companies see where process improvements could have the biggest, most immediate impact on their bottom line

Overcoming data obstacles in the banking industry with Industry Accelerators in Cloud Pak for Data

IBM Big Data Hub

During these times of uncertainty, all companies are being stressed in new ways; supply chains are being halted with employee sickness, retail store doors are closed to encourage social distancing, and health care facilities are overwhelmed by patient demand.

New Data and Analytics Special Report: Cost Optimization for Chief Data Officers and D&A Leaders

Andrew White

Jarring economic disruption and uncertainty makes the road ahead difficult to anticipate. This special report explains how to account for uncertainty while maximizing value delivery. Gartner’s Data and Analytics leaders team, led by Mike Rollings, just published a new Special Report: Cost Optimization and Risk Reduction Approaches for Data and Analytics Leaders: A Gartner Trend Insight Report.

Big Data Analytics - Will It Be Enough to Save Forex Traders During the COVID-19 Crisis?

DataFloq

The economic uncertainty that follows the COVID-19 outbreak will likely cost the global economy $1 trillion in 2020, the United Nation’s trade and development agency, UNCTAD, said earlier this week, and most economists and analysts are in agreement that a global recession is becoming unavoidable.

How to Fix Your Data Quality Problem

DataFloq

At the same time, more data introduces a heightened risk of errors and uncertainty. Data quality is top of mind for every data professional — and for good reason. Bad data costs companies valuable time, resources, and most of all, revenue. So why are so many of us struggling with trusting our data? Isn’t there a better way? The data landscape is constantly evolving, creating new opportunities for richer insights at every turn.

Chinese Blockchain Developments Will Fundamentally Alter the World Economy

DataFloq

This has helped to precipitate a modest economic recovery in April, despite widespread uncertainty and the suggestion that nations such as the U.S. A few years ago, few pundits would have predicted that China would emerge as a major player in the blockchain market. The world’s largest country is defying expectations, as well as its own traditional outlook on blockchain. CoinDesk reported that China was on the verge of launching its own national blockchain platform last month.A

Move From Insight To Impact: Data Strategy & Insights 2020

Forrester's Customer Insights

These capabilities are becoming more crucial to stay ahead of uncertainty and change and get smarter about every aspect of your business: your customers, your suppliers and partners, your competitors, your employees, your processes, your operations, and your markets. The digital future is here. And data, analytics, and AI are going to drive this future.

Garner the right technology platform for Crisis Management

DataFloq

With the Coronavirus outbreak has come increased global business and economic disruption and uncertainty. Analysis indicates that the COVID-19 outbreak will push down the full-year gross domestic product (GDP) globally from the 2.5% that was forecast in January 2020 to 0%.

Highlights from the Strata Data Conference in San Francisco 2019

O'Reilly on Data

Forecasting uncertainty at Airbnb. Watch " Forecasting uncertainty at Airbnb.". Watch highlights from expert talks covering AI, machine learning, data analytics, and more. People from across the data world are coming together in San Francisco for the Strata Data Conference. Below you'll find links to highlights from the event. The journey to the data-driven enterprise from the edge to AI.

Impact of COVID-19 on contractual obligations

DataFloq

Every business around the world irrespective of location, size, and nature of business has been deeply impacted by the unprecedented situation we are in with Covid-19.

For Nutanix Partners, Now Is the Time to Own the Future

Nutanix

Now more than ever, partners are facing massive change and uncertainty about the future. Our goal at Nutanix is to help our partners harness these challenges into a strategy for their future success

For Nutanix Partners, Now Is the Time to Own the Future

Nutanix

Now more than ever, partners are facing massive change and uncertainty about the future. Our goal at Nutanix is to help our partners harness these challenges into a strategy for their future success

How to Build Data Culture and Make Data Your Friend

DataFloq

If gives businesses new power to organize, operate, predict and create value, but it entails numerous risks, including data-security questions, privacy concerns, and uncertainty about ethical boundaries, to name just a few. Sometimes working with big data resembles dining at an “all-you-can-eat” restaurant: you get too much food and are busy swallowing it all without thinking of its quality or your health.

Why Alternative Data Is on Pace to Disrupt Investment Management [Infographic]

Dataiku

As organizations face uncertainty in the wake of the global health crisis, many are seeking unique ways to understand the new dynamics of the economic landscape and monitor their recovery process.

Crypto-Candidacy: A Look at Cryptocurrency in American Politics

DataFloq

These are turbulent times, and there remains a lot of uncertainty as to what shape US leadership will take. Regardless of the side you sit on in the undeniable political divide, 2020 is set to be a significant year for American politics. There’s certainly a dearth of trust, and election years are often a time when it’s useful to look at our political system a little more closely.

Interview with Abhi Datta

Simply Statistics

We used the fast NNGP approach I had been developing in my PhD to spatially gap-fill the plant trait data to create a global map of important plant traits with proper uncertainty quantification. Currently, we are looking at ways to incorporate the uncertainty quantified trait values as inputs to Earth System Models (ESMs) – the land component of climate models. Editor’s note: This is the next in our series of interviews with early career statisticians and data scientists.

Waterfall to Agile: A Necessary Mindset Shift For Business Analysts

BA Learnings

I tend to describe the agile approach as a way of working; A targeted way of working that allows us to make changes, respond to customers’ needs and manage uncertainty with minimal delays, and without needing to wade through “red tape”.

Key Data Trends And Forecasts In The Energy Sector

Smart Data Collective

With the Coronavirus pandemic, the world has been thrown into complete uncertainty. The uncertainty comes with a major market shift, the dimensions of data software cannot be ignored. This goes for nearly everyone, but the energy sector is being greatly impacted by the virus.

They (EMC) Think You Are Stupid!

Nutanix

Last week we were invited by EMC to punch high above our weight class when we got hold of their secret FUD (fear, uncertainty, and doubt) sheet against Nutanix