Smart Data Collective

FEBRUARY 28, 2023

We talked about the benefits of AI for consumers trying to improve their own personal financial plans. One of the most important changes pertains to risk parity management. We are going to provide some insights on the benefits of using machine learning for risk parity analysis. What is risk parity?

Machine Learning 89

Machine Learning Risk Cost-Benefit Marketing 89

CIO Business Intelligence

JULY 5, 2023

Addressing semiconductor supply chain risks Even before the most recent supply chain challenges, political leaders around the world have been taking a close look at the current semiconductor supply chain model. Some of that risk is being addressed at national and regional levels, such as the U.S. But these costs are not insurmountable.

Risk 85

Risk Manufacturing Cost-Benefit Data Processing 85

CIO Business Intelligence

OCTOBER 29, 2024

It all comes down to cost benefit, and having a set of priorities. To make the process consistent and repeatable, I like to use a well-defined and balanced set of voting criteria, which helps place each idea into a cost-benefit matrix, often called a project prioritization matrix.

Cost-Benefit 122

Cost-Benefit ROI Finance Sales 122

CIO Business Intelligence

OCTOBER 29, 2024

Leaders who adopt a crawl-walk-run approach, with thoughtful risk-taking and a strategic focus on actions and results, maximize the business value from IT modernization.” Identify the benefits and ensure that you keep business value at the forefront.” Kar advises taking a measured approach to system modernization.

IT 137

IT Cost-Benefit Strategy Risk 137

CIO Business Intelligence

AUGUST 16, 2023

“Waterfall projects may seem easier to understand from an overall point of view, but if it’s about ongoing innovation together with a customer to bring out new effects and benefits, then we need to be iterative even in complex projects,” she says. “At This leads to environmental benefits and fewer transports.

Risk 92

Risk Cost-Benefit Digital Transformation Internet of Things 92

CIO Business Intelligence

NOVEMBER 19, 2024

If expectations around the cost and speed of deployment are unrealistically high, milestones are missed, and doubt over potential benefits soon takes root. The right tools and technologies can keep a project on track, avoiding any gap between expected and realized benefits. But this scenario is avoidable.

Analytics 52

Analytics Cost-Benefit Finance Data-driven 52

Jet Global

JULY 21, 2020

This is especially true in the world of finance, where businesses generate an overwhelming amount of data. And with automation software constantly improving, implementation in finance has never been easier. 4 Problems Automation Solves for Your Finance Team. What are the benefits of automation? Preventing errors.

Finance 88

Finance Reporting Cost-Benefit Software 88

bridgei2i

MAY 17, 2021

5 Ways AI Is Transforming The Finance Industry. AI is becoming a powerful ally of the finance sector, offering the opportunity for better and more customized services, cost reduction, examine cash, credit, and investment changes in real-time, and generating new revenue streams. AI And Risk Management. billion by 2026.

Finance 52

Finance Risk Management Unstructured Data Cost-Benefit 52

Smarten

APRIL 18, 2022

and analyzing this information to gain significant insights, predict future outcomes, or even ascertain risk.’. For users of the Tally ® ERP Solution, the availability of integrated augmented analytics and reporting provides true benefits. COST CENTER. transactional data, financial data, investment analysis, etc.)

Finance 52

Finance Slice and Dice Analytics KPI 52

IBM Big Data Hub

JUNE 23, 2023

While you may have learned about generative artificial intelligence (AI), you may not know what it means for the future of Finance and Accounting (F&A). Figure 3 highlights ancillary benefits that conversational AI technology provides. Pilot the technology. Consider the ethical implications.

Finance 58

Finance Reporting Cost-Benefit Modeling 58

CIO Business Intelligence

MAY 29, 2024

As Eli Lambert, Managing Director of Accenture’s Global IT Finance Platforms, noted, “a significant challenge for a large IT enterprise is keeping up with the speed of business and ahead of technology change. Beyond that, re-solutioning legacy custom code to leverage extensibility has provided its own benefits.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

A side benefit of AI-enabled business applications is the increasing availability of useful, timely and consistent data for forecasting, planning, analysis and reporting. Finance people think in terms of money, but line-of-business managers almost always think in terms of things.

Forecasting 130

Forecasting Machine Learning Finance Software 130

CIO Business Intelligence

SEPTEMBER 17, 2024

Moreover, undertaking digital transformation and technology modernization programs without an architect can lead to delays, technical debt , higher costs, and security vulnerabilities. Mounting technical debt and extending the life of legacy systems are key risks CIOs should be paranoid about.

Enterprise 145

Enterprise Digital Transformation Cost-Benefit Risk 145

CIO Business Intelligence

OCTOBER 3, 2024

As the Generative AI (GenAI) hype continues, we’re seeing an uptick of real-world, enterprise-grade solutions in industries from healthcare and finance, to retail and media. Resource constraints and the need for immediate, tangible benefits are likely to have shaped their more cautious, results-focused approach.

Testing 124

Testing Cost-Benefit Experimentation Risk 124

CIO Business Intelligence

MARCH 25, 2024

This article explores how CIOs can address each of their CFO’s key concerns when moving away from project-based teams to persistent funding, including the need to better track ROI, reduce risk, and reduce cost. The persistent teams used a benefits delivery roadmap, which outlined the SMART benefits to be delivered throughout the year.

Modeling 124

Modeling Cost-Benefit IT ROI 124

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 70

Risk Modeling Management Metadata 70

Jet Global

MAY 15, 2020

This post will go over both the following explicit and implicit financial KPIs that you should be aware of, how they are calculated, and how financial reporting software can help simplify this process for your finance department: Operating Cash Flow. The Fundamental Finance KPIs and Metrics – Cash Flow. Accounts Payable Turnover.

Metrics 98

Metrics Finance Reporting KPI 98

Smart Data Collective

SEPTEMBER 16, 2022

They are using big data technology to offer even bigger benefits to their fintech customers. The use of artificial intelligence technologies allows for improving the quality of service and minimizing costs. Decentralized finance. Benefits of Decentralized Finance: Transparency. Cost optimization.

Finance 119

Finance Unstructured Data Cost-Benefit Big Data 119

CIO Business Intelligence

JUNE 12, 2024

Those independent processes impacted the efficiency and cost-effectiveness of Modern Farming as a whole, especially in cost and supply chain management. In addition, the rise in prices of raw materials like feed made reducing costs and increasing efficiency an even higher priority. Modern Farming (Group) Co.,

Cost-Benefit 106

Cost-Benefit Risk Finance Management 106

Smart Data Collective

MARCH 2, 2023

However, there are even more important benefits of using big data during a bad economy. Big Data Can Help Companies Persevere in the Face of the Recession Big data technology can offer enormous benefits for companies. Big data offers many benefits for companies in any economy. Some of these benefits include the following.

Big Data 83

Big Data Uncertainty Risk Data mining 83

Jen Stirrup

AUGUST 14, 2019

This is particularly evidence in relationships between Finance and IT. IT and Finance concepts are difficult for non-specialists to understand, and messages may not be received as they were intended when working across different teams. However, the quantity of communication does not always reflect the quality of communication.

Business Intelligence 96

Business Intelligence Finance IT Cost-Benefit 96

CIO Business Intelligence

JULY 2, 2024

CIOs face the daunting challenge of driving innovation while managing costs and ensuring practical implementation in a rapidly advancing digital landscape. This article presents essential strategies for CIOs to strike the optimal balance among innovation, value, cost, and practicality in tech investments.

Technology 109

Technology Cost-Benefit Digital Transformation Optimization 109

CIO Business Intelligence

AUGUST 27, 2024

A staged approach enables risk mitigation and resource optimization and ensures modernization efforts bolster operational efficiency and competitive advantage. Plan: Develop a detailed road map considering dependencies, resources, and risk mitigation strategies. Emphasize the long-term benefits of a modernized application portfolio.

Cost-Benefit 99

Cost-Benefit Key Performance Indicator ROI Strategy 99

CIO Business Intelligence

NOVEMBER 14, 2023

“Today we face the harsh reality of cloud costs, if not done right,” says Jay Upchurch, executive vice president and CIO at SAS. Without a clear cloud strategy and broad leadership support, even value-adding cloud investments may be at risk. Cloud costs will often — and rapidly — become large line items on budgets.

Strategy 144

Strategy Cost-Benefit IT Key Performance Indicator 144

CIO Business Intelligence

JUNE 30, 2023

How well the CIO understands finance : “The CIO should run IT like a business within a business,” says McGittigan. The best of them are good at telling both a cost and value story around IT.” They also know the potential risks. However, the CIO will be expected to understand and manage IT costs and budgets, both Capex and Opex.”

Finance 115

Finance Cost-Benefit Digital Transformation Reporting 115

CIO Business Intelligence

SEPTEMBER 12, 2024

The familiar narrative illustrates the double-edged sword of “shadow AI”—technologies used to accomplish AI-powered tasks without corporate approval or oversight, bringing quick wins but potentially exposing organizations to significant risks. Establish continuous training emphasizing ethical considerations and potential risks.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

Octopai

APRIL 8, 2020

While there are many factors that led to this event, one critical dynamic was the inadequacy of the data architectures supporting banks and their risk management systems. In 2007 many high-risk sectors of the financial industry such as hedge funds, depended on complex data. These regulations required quarterly risk-evaluation reports.

Finance 52

Finance Cost-Benefit Metadata Data Architecture 52

Domino Data Lab

AUGUST 6, 2021

Model Risk Management is about reducing bad consequences of decisions caused by trusting incorrect or misused model outputs. Systematically enabling model development and production deployment at scale entails use of an Enterprise MLOps platform, which addresses the full lifecycle including Model Risk Management. What Is Model Risk?

Risk Management 64

Risk Management Risk Modeling Enterprise 64

IBM Big Data Hub

MAY 14, 2024

Despite the headwinds, there are tailwinds in which we can use new technology to enable CFOs to perform in their business partnering roles and drive productivity, cost take out, accuracy, control and business value. Read the report: CEO’s guide to AI in finance Unlocking the value CFOs are not expected to be technology experts.

Finance 67

Finance Cost-Benefit Reporting Forecasting 67

Smart Data Collective

JULY 8, 2021

Artificial intelligence is rapidly changing the state of finance. Intuitively, this also means that consumers stand to benefit from advances in artificial intelligence as well. It is important to be informed about the potential benefits of machine learning as a consumer. How the financial industry is evolving with AI technology.

Machine Learning 143

Machine Learning Management Finance Cost-Benefit 143

CIO Business Intelligence

MARCH 10, 2023

These, in turn, have brought with them an increase in new threats, risks, and cybercrime. As organizations emerge post-pandemic, many of the risks and uncertainties manifested during that period will persist, including the hybrid workforce, supply chain risk, and other cybersecurity challenges.

Digital Transformation 136

Digital Transformation Cost-Benefit ROI Risk 136

CIO Business Intelligence

OCTOBER 2, 2024

Data management, when done poorly, results in both diminished returns and extra costs. And quality is relative to the context of the domain you’re in, so an accurate response for finance, for example, may be completely wrong for healthcare. “As We all get in our own way sometimes when we hang on to old habits.”

Management 141

Management Data Governance Cost-Benefit Structured Data 141

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Companies in the financial sector aren’t the only ones discovering the benefits of using data analytics for financial management. Data Analytics Brings Many Benefits to Small Businesses Facing Financial Challenges. Fraud risks.

Data Analytics 120

Data Analytics Analytics Finance Data mining 120

BizAcuity

NOVEMBER 13, 2024

The Significance of Data-Driven Decision-Making In sectors ranging from healthcare to finance, data-driven decision-making has become a strategic asset. Making decisions based on data, rather than intuition alone, brings benefits such as increased accuracy, reduced risks, and deeper customer insights.

Consulting 52

Consulting Data-driven Cost-Benefit Business Intelligence 52

CIO Business Intelligence

SEPTEMBER 20, 2023

Cost in question The new gen AI features do come at a cost. For Stephen Elliot, IDC’s group VP for cloud operations and devops, cost isn’t a major stumbling block, as there are many other aspects of gen AI to consider first. Other pieces include staffing, skills training, partner involvement, legal exposure, and risk mitigation.”

Cost-Benefit 111

Cost-Benefit Software Finance Interactive 111

Smart Data Collective

SEPTEMBER 30, 2021

How Big Data is changing the finance and retail scene. Typically, finance and retail sectors face challenges in optimizing their ROI. The finance sector, specifically banks, is using big data analytics to understand transactions and payments and help customers. Let’s start with a use case.

Big Data 131

Big Data B2B ROI Finance 131

Smart Data Collective

OCTOBER 31, 2022

Artificial intelligence is drastically changing the future of finance. One of the many ways that AI is being leveraged in finance is by helping improve the experience of investors. Does implementing AI & AI data into the modern trading world actually provide any benefits? Financial institutions spent over $10.1

Finance 138

Finance Cost-Benefit Marketing Statistics 138