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One of the points that I look at is whether and to what extent the software provider offers out-of-the-box external data useful for forecasting, planning, analysis and evaluation. Until recently, it was adequate for organizations to regard external data as a nice to have item, but that is no longer the case.
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Repetition implies that the same steps are repeated many times, for example claims processing or business form completion or invoice processing or invoice submission or more data-specific activities, such as data extraction from documents (such as PDFs), data entry, data validation, and report preparation.
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Modern businesses have vast amounts of data at their fingertips and are acutely aware of how enterprise data strategies positively impact business outcomes. Much potential remains untapped when businesses do not translate their data into actionable insights from the point it is created, eroding the usefulness of data over time. .
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CFM takes a scientific approach to finance, using quantitative and systematic techniques to develop the best investment strategies. Using social network data has also often been cited as a potential source of data to improve short-term investment decisions. This post is co-written with Julien Lafaye from CFM.
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