David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

Typically, the technology will show there are many variations in how a process unfolds and the context in which those permutations occur. The trade-off is capability and flexibility versus cost and time to value since third-party tools deal with end-to-end processes that span multiple applications in ways the Infor’s currently cannot.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

CIO Business Intelligence

DECEMBER 10, 2024

Set clear, measurable metrics around what you want to improve with generative AI, including the pain points and the opportunities, says Shaown Nandi, director of technology at AWS. Compounding these data segments results in smarter recommendations with lead scoring, sales forecasting, churn prediction, and better analytics.

Sales 143

Sales Metrics Data-driven Measurement 143

datapine

OCTOBER 21, 2020

In fact, healthcare analytics has the potential to reduce costs of treatment, predict outbreaks of epidemics, avoid preventable diseases, and improve the quality of life in general. We will then look at 18 big data examples in healthcare that already exist and that medical-based institutions can benefit from.

Big Data 364

Big Data Data Analytics Analytics Cost-Benefit 364

datapine

MAY 2, 2023

Table of Contents 1) Benefits Of Big Data In Logistics 2) 10 Big Data In Logistics Use Cases Big data is revolutionizing many fields of business, and logistics analytics is no exception. These applications are designed to benefit logistics and shipping companies alike. Did you know? Where is all of that data going to come from?

Big Data 275

Big Data Internet of Things Cost-Benefit Optimization 275

Smart Data Collective

JUNE 2, 2022

Cloud technology is becoming an increasingly important part of modern business. One of the biggest reasons cloud technology is becoming important is that it is helping companies make e-procurement possible. This is all made possible with cloud technology. E-procurement technology gives you an opportunity to enhance your ROI.

Technology 144

Technology ROI Cost-Benefit Forecasting 144

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

ln this post he describes where and how having “humans in the loop” in forecasting makes sense, and reflects on past failures and successes that have led him to this perspective. Our team does a lot of forecasting. It also owns Google’s internal time series forecasting platform described in an earlier blog post.

Forecasting 115

Forecasting Data Science Statistics Uncertainty 115

CIO Business Intelligence

NOVEMBER 1, 2024

His first order of business was to create a singular technology organization called MMTech to unify the IT orgs of the company’s four business lines. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 122

IT Insurance Consulting Risk 122

CIO Business Intelligence

JUNE 2, 2022

Hot technologies for banks also include 5G , natural language processing (NLP) , microservices architecture , and computer vision, according to Forrester’s recent Top Emerging Technologies in Banking In 2022 report. Almost 33% of respondents claim that machine learning can lead to improved customer experience. 5G aids customer service.

Predictive Analytics 145

Predictive Analytics Technology Analytics Machine Learning 145

CIO Business Intelligence

JANUARY 9, 2025

In 2024, squeezed by the rising cost of living, inflationary impact, and interest rates, they are now grappling with declining consumer spending and confidence. However, successful AI implementation requires more than cutting-edge technology. The disruption isnt in the technology itself but in how it can transform buying behaviours.

B2B 105

B2B Cost-Benefit Data-driven Sales 105

datapine

DECEMBER 11, 2019

SaaS is a software distribution model that offers a lot of agility and cost-effectiveness for companies, which is why it’s such a reliable option for numerous business models and industries. SaaS Industry is forecasted to reach $55 billion by 2026. Gartner predicts that the service-based cloud application industry will be worth $143.7

Software 314

Software Cost-Benefit Data-driven Data Processing 314

CIO Business Intelligence

NOVEMBER 1, 2024

His first order of business was to create a singular technology organization called MMTech to unify the IT orgs of the company’s four business lines. It’s a full-fledged platform … pre-engineered with the governance we needed, and cost-optimized. This costs me about 1% of what it would cost” to license the technology through Microsoft.

IT 105

IT Insurance Consulting Risk 105

CIO Business Intelligence

APRIL 5, 2022

Technology can’t resolve every supply chain issue. First, Optimas is using data analytics internally for a number of functions, including material acquisition for manufacturing; forecasting of production and customer demand; improving efficiency and accuracy with ordering from suppliers; and managing its inventory.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

Smart Data Collective

NOVEMBER 20, 2022

The lack of the right resources, technology, and, most importantly, communication channels could bring unwarranted stress to the organization. Statistics reveal that hiring a new employee costs half or two times the employee’s salary. The good news is that cloud technology can improve communication and reduce employee turnover. .

Technology 130

Technology Unstructured Data Strategy Cost-Benefit 130

datapine

OCTOBER 11, 2023

3) Top 15 Warehouse KPIs Examples 4) Warehouse KPI Dashboard Template The use of big data and analytics technologies has become increasingly popular across industries. Keep on reading to learn a definition, benefits, and a warehouse KPI list with the most prominent examples any manager should be tracking to achieve operational success.

Metrics 217

Metrics KPI Management Cost-Benefit 217

Jet Global

JULY 30, 2020

As finance technology and financial management solutions evolve and incorporate artificial intelligence, cloud-based software, and other tools and features that enhance financial practices, it’s easy to assume that Excel’s relevance to businesses has either declined in recent years or is operating on borrowed time.

Forecasting 91

Forecasting Finance Cost-Benefit Software 91

Jedox

JUNE 25, 2020

However, organizations won’t be able to fully embrace the benefits of flexible, real-time planning without properly adapting to flexible new technology solutions designed to improve planning and enterprise performance management. Forecasts are unreliable and quickly become outdated due to rapid changes and complexity of markets.

Technology 94

Technology Finance Cost-Benefit Forecasting 94

IBM Big Data Hub

FEBRUARY 28, 2024

Because organizations with strategic sourcing mindsets look beyond price and cost savings-centered supplier selection initiatives. Successful strategic sourcing often results in process optimization, cost management, customer satisfaction, risk management , increased sustainability and other benefits.

Strategy 94

Strategy Technology Cost-Benefit Risk Management 94

datapine

JUNE 5, 2019

BI dashboard tools bestow business users with the ability to drill down even deeper into analytical data to capitalize on strengths, spot weaknesses, and make changes that will benefit the future of their organization. We’ll discuss the primary features or benefits of BI-powered dashboards in due course. They Are Customizable.

Dashboards 316

Dashboards KPI Sales Visualization 316

Smart Data Collective

OCTOBER 6, 2023

Data analytics technology has helped retail companies optimize their business models in a number of ways. One of the biggest benefits of data analytics is that it helps companies improve stability during times of uncertainty. There are a number of huge benefits of using data analytics to identify seasonal trends.

Management 130

Management Analytics Predictive Analytics Cost-Benefit 130

Smart Data Collective

JULY 31, 2022

Modern investors have a difficult time retaining a competitive edge without having the latest technology at their fingertips. Predictive analytics technology has become essential for traders looking to find the best investing opportunities. We have talked about a lot of the benefits of using predictive analytics in finance.

Predictive Analytics 145

Predictive Analytics Analytics Uncertainty Forecasting 145

datapine

NOVEMBER 5, 2019

All areas of your modern-day business – from supply chain success to improved reporting processes and communications, interdepartmental collaboration, and general organization innovation – can benefit significantly from the use of analytics, structured into a live dashboard that can improve your data management efforts. Instant insights.

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

Smart Data Collective

JANUARY 21, 2021

Many people don’t realize the countless benefits that big data has provided for the solar energy sector. In fact, the latest forecasting technology may be the missing puzzle piece in the widespread adoption of solar energy,” the authors write. Data technology can also be useful for creating new solar technology.

Big Data 135

Big Data Cost-Benefit Machine Learning Data-driven 135

Smart Data Collective

SEPTEMBER 28, 2021

In today’s modern era, AI and IoT are technologies poised to impact every part of the industry and society radically. Because most businesses devote their primary efforts to developing their brand, software applications, or network, new technologies are apt to transform how they operate. Benefits of AI and IoT in Businesses.

IoT 145

IoT Internet of Things Cost-Benefit Consulting 145

O'Reilly on Data

NOVEMBER 28, 2023

Generative AI has been the biggest technology story of 2023. Executive Summary We’ve never seen a technology adopted as fast as generative AI—it’s hard to believe that ChatGPT is barely a year old. 54% of AI users expect AI’s biggest benefit will be greater productivity. Only 4% pointed to lower head counts.

Enterprise 339

Enterprise Testing Modeling Reporting 339

Smart Data Collective

OCTOBER 25, 2021

Cloud computing has been in the industry for more than two decades now, and it has been continuously providing competitive benefits to everybody in the industry. Some of the major benefits of cloud computing are mentioned below. Cloud Computing is cost-saving. The post What Are the Benefits of Cloud Computing?

Cost-Benefit 134

Cost-Benefit Forecasting Technology Software 134

bridgei2i

JUNE 3, 2020

Consumer Technology & Durables (CTD) in the COVID-19 Era. This explains the exponential growth Consumer Technology & Durables (CTD) has seen in the past few years. CTD’s growth over the last two decades was aided by technological innovation and the steady drop of electronics components’ costs, driven by economies of scale.

Technology 92

Technology Digital Transformation Recreation/Entertainment Manufacturing 92

CIO Business Intelligence

SEPTEMBER 7, 2023

The first is forecasting, where AI is used to make predictions about downstream demand or upstream shortages. The enabling technology exists but the remaining challenge is it requires a level of data sharing that can’t be found in supply chains today. Orders are often modified in the food supply chain space as needs change.

Management 138

Management Forecasting Manufacturing Cost-Benefit 138

Smart Data Collective

OCTOBER 13, 2021

This is something that you can learn more about in just about any technology blog. Data virtualization is becoming more popular due to its huge benefits. What benefits does it bring to businesses? What is the cost and ROI of Data Virtualization? How can data visualization benefit companies?

Visualization 145

Visualization Cost-Benefit Big Data Prescriptive Analytics 145

Smart Data Collective

MAY 1, 2022

There are many reasons that more companies are turning to machine learning technology. One of the benefits of leveraging machine learning is that it can help with develop employee compensation schemes. She talked about the benefits of ensuring employees are paid based on their respective value, rather than their position.

Machine Learning 136

Machine Learning Management Cost-Benefit Insurance 136

Smart Data Collective

AUGUST 30, 2022

Analytics technology is very important for modern business. That figure is expected to grow as more businesses discover its benefits. There are many important applications of data analytics technology. Analytics technology can help companies optimize their prices more effectively. Cost-Plus Pricing.

B2B 145

B2B Analytics Cost-Benefit Metrics 145

CIO Business Intelligence

NOVEMBER 13, 2023

1 But despite some of the benefits of online sales, this isn’t all good news for retailers. Retailers that successfully harness edge data to deliver seamless omnichannel customer experiences will benefit from the win/win combination of increasing sales and decreasing costs for a powerful boost to the bottom line. May 2022. [2]

Cost-Benefit 131

Cost-Benefit Sales Data-driven Statistics 131

DataRobot

OCTOBER 18, 2021

” Since some consumers receive noneconomic benefits from bargaining, organizations should think twice before implementing rigid processes where staff and customers have no control over the outcomes. There is a wealth of research showing again and again that evidence-based algorithms are more accurate than forecasts made by humans.

Forecasting 145

Forecasting Digital Transformation Cost-Benefit Data-driven 145

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

This technology has the potential to significantly redefine the mission of the financial planning and analysis group. AI is also making it easier for executives and managers to rapidly forecast, plan and analyze to promote deeper situational awareness and facilitate better-informed decision-making.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

CIO Business Intelligence

FEBRUARY 10, 2023

With the help of sophisticated predictive analytics tools and models, any organization can now use past and current data to reliably forecast trends and behaviors milliseconds, days, or years into the future. Benefits of predictive analytics Predictive analytics makes looking into the future more accurate and reliable than previous tools.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

DECEMBER 14, 2023

AI can help with all of these challenges via manufacturing-specific use cases that benefit manufacturers, their employees, and their customers. Process optimization In manufacturing, process optimization that maximizes quality, efficiency, and cost-savings is an ever-present goal. Here’s how.

Manufacturing 143

Manufacturing Cost-Benefit Unstructured Data Optimization 143

Smart Data Collective

AUGUST 15, 2022

Technology has become so advanced that, today, there’s an app for almost anything, from children’s education, to home improvement, to health monitoring, to workplace productivity. Because of technology, critical decisions are now mostly based on scientific data. Hiring part-time employees is more cost-effective.

Machine Learning 128

Machine Learning Cost-Benefit Forecasting Sales 128

datapine

MARCH 31, 2022

To understand this concept in a practical context, check out this video featuring an explanation from analyst Sonya Fournier: Now that we’ve explored BI in a real-world professional context, let’s look at the benefits of embarking on this occupation. It’s Flexible. This means there are many chances to grow and escalate fast.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239