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 6, 2024

The group includes the CTO, the VP of technology, and business leaders from other functions, including finance and HR. He emphasizes the importance of PoC studies in gaining stakeholder buy-in, and the role of data science, ML, and AI to enhance weather forecasting. However, emerging technology must be used carefully.

Forecasting 133

Forecasting Risk Technology Strategy 133

Jet Global

MAY 20, 2020

Now more than ever, Finance teams need to stay agile and adapt to rapidly changing business conditions. Join our free webinar on May 28 to learn how you can: Extend planning and reporting beyond finance. Join our free webinar on May 28 to learn how you can: Extend planning and reporting beyond finance. Register Now.

Finance 98

Finance Forecasting Reporting Modeling 98

Jet Global

NOVEMBER 16, 2020

It helps them to react to small and large market fluctuations in the most cost-effective and strategic manner, modelling ”what-if” situations according to both known and unknown information. Learn how to enable complex planning and forecasting processes. Understand how to reduce tax errors and improve productivity.

Forecasting 98

Forecasting Snapshot Finance Recreation/Entertainment 98

Jet Global

JULY 30, 2020

Excel has such a long history in business accounting and corporate finance that it has inevitably become the butt of some easy jokes. In many cases, you can improve the value Excel offers your budgeting and forecasting activities just by taking time to learn some of its nuances.

Forecasting 91

Forecasting Finance Cost-Benefit Software 91

Cloudera

DECEMBER 6, 2024

The AI Forecast: Data and AI in the Cloud Era , sponsored by Cloudera, aims to take an objective look at the impact of AI on business, industry, and the world at large. 85% accuracy in finance can put you in jail. Therefore, the next 10%, which are small language models, are going to come into play. These are all minor.

Manufacturing 82

Manufacturing Forecasting Metadata Data Processing 82

Jedox

MAY 17, 2022

What Predictive Analytics Cannot Forecast. Predictive Analytics Example in Finance. From the opening of Lloyd’s Coffee House in 1686, financial services professionals have been attempting to forecast what’s going to happen next. Visual forecasting , which is a polite way of saying get out a ruler and draw lines on paper.

Predictive Analytics 83

Predictive Analytics Finance Analytics Forecasting 83

Jet Global

MAY 11, 2021

. – May 11, 2021 – In the early days of the pandemic, cash flow management took center stage for many businesses and risk management continues to be a priority this year as business leaders depend more than ever on finance teams for decision-making support. Finance Team’s Role & Challenges. Two-Year Priorities.

Finance 98

Finance Technology Forecasting Uncertainty 98

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

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. Finance people think in terms of money, but line-of-business managers almost always think in terms of things. This may sound like FP&A’s mission today.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

CIO Business Intelligence

FEBRUARY 10, 2023

Predictive analytics definition Predictive analytics is a category of data analytics aimed at making predictions about future outcomes based on historical data and analytics techniques such as statistical modeling and machine learning. Models can be designed, for instance, to discover relationships between various behavior factors.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

MARCH 21, 2022

Among the relationships that technology teams have with other business departments, the potential for improved IT-finance collaboration is quite possibly the most under-explored. Way back in 1999, his team did a cost-benefit analysis of the free shipping model, which is arguably one of the key drivers of Amazon’s stupendous growth.

Data-driven 116

Data-driven IT Finance Forecasting 116

Jet Global

JULY 14, 2020

Building financial models is a key function of the financial planning and analysis (FP&A) group and provides a powerful tool for analyzing a diverse set of possible scenarios. Budget modeling is perhaps the most widely applicable form of financial modeling. The Predictive Power of Financial Modeling.

Modeling 97

Modeling Finance Strategy Cost-Benefit 97

IBM Big Data Hub

SEPTEMBER 18, 2023

Today, we are seeing significant digital disruption in the business of trade and supply chain financing that is largely influenced by global events and geopolitics, changing regulations, compliance and control requirements, advancements in technology and innovation, and access to capital.

Finance 82

Finance Cost-Benefit Data-driven Consulting 82

Jet Global

OCTOBER 21, 2020

Companies use forecasting to make critical investments, plan for covenant compliance, and even decide on future mergers and acquisitions (M&A) strategies. The way we perceive business risk, and how we manage it, is fundamentally different for every finance leader on the planet. Why change the process? What is continuous planning?

Forecasting 98

Forecasting Finance Business Driver Key Performance Indicator 98

Jet Global

APRIL 27, 2020

Any company worth its salt uses financial modeling to guide its financial planning and strategic decision-making. Financial modeling offers data-driven, quantitative analysis that tells you where your company stands and where it’s heading. But one model can’t do it all. What Is Financial Modeling? Organic business growth.

Modeling 72

Modeling Forecasting Finance Visualization 72

Jedox

SEPTEMBER 11, 2019

Even though we have so much advanced technology surrounding us, we still cannot just ask, “ Hey Siri, what’s my forecasted EBITDA look like ?” However, there are many available technology tools that can simplify planning tasks and make planning and budgeting easier and far more accurate for finance professionals.

Forecasting 59

Forecasting Experimentation Sales Unstructured Data 59

Jet Global

FEBRUARY 2, 2021

Forecasting and planning have taken on much greater importance than ever before. The planning and forecasting tools provided with most ERP systems provide limited flexibility, and typically require a considerable amount of manual effort. Over time, the process that has historically been known as budgeting and forecasting has evolved.

Forecasting 96

Forecasting Finance Uncertainty Dashboards 96

CIO Business Intelligence

DECEMBER 11, 2023

Traditionally, the work of the CFO and the finance team was focused on protecting the company’s assets and reputation and guarding against risk. While these roles will not change, the foundational work of the finance organization, the structure, the import, and the focus of these dimensions will change. It’s a huge shift from the norm.

Finance 105

Finance Forecasting IoT Predictive Modeling 105

CIO Business Intelligence

APRIL 8, 2025

These strategies, such as investing in AI-powered cleansing tools and adopting federated governance models, not only address the current data quality challenges but also pave the way for improved decision-making, operational efficiency and customer satisfaction. When customer records are duplicated or incomplete, personalization fails.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

Jet Global

NOVEMBER 20, 2020

Supply chain forecasting and planning have evolved over the years into an impressive discipline that creates efficiencies and helps companies deliver their product to the right customer at the right time at a reasonable cost. Those who had previously relied on off-the-shelf planning tools needed to build their own models from scratch.

Forecasting 59

Forecasting Recreation/Entertainment Sales Finance 59

Jet Global

APRIL 23, 2020

Good financial planning begins with good forecasting. There are many different types of forecasts that you may wish to create, depending on the nature of your business. Sales forecasts are among the most common, as most businesses are seeing fluctuating revenue and fluctuation in sales due to the current crisis situation.

Forecasting 59

Forecasting Sales Finance Software 59

datapine

AUGUST 14, 2019

Big companies that utilize R in their analytics operations, such as Google, Facebook, and LinkedIn , usually are finance and analytics-driven, as R has proved to be the top mechanism for data analysis, statistics, and machine learning. Source: RStudio. R is platform-independent, meaning it can be easily applied in each operating system.

Data Science 214

Data Science Statistics Business Intelligence Visualization 214

datapine

MARCH 25, 2022

While some experts try to underline that BA focuses, also, on predictive modeling and advanced statistics to evaluate what will happen in the future, BI is more focused on the present moment of data, making the decision based on current insights. Usage in a business context. The end-user is another factor to consider.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Smart Data Collective

JUNE 16, 2022

Team Upskilling: Train business analysts on planning, gap analysis, scoping & blueprinting, cost-benefit calculation of new initiatives, solution architecture, modelling, elicitation, requirement management, performance management, and other improvement initiatives. Having effective tools is vital to the organization’s success.

Business Analytics 135

Business Analytics Analytics Forecasting Business Analysis 135

Jet Global

JUNE 11, 2020

Utilities are changing at an accelerated rate not only with shifts in the types of energy use, but also shifts in requirements from regulatory agencies and approaches to energy distribution models. The Changing Role of Finance. Taking Control with Finance-Owned Reporting.

Finance 59

Finance Technology Forecasting Metrics 59

CIO Business Intelligence

JULY 15, 2022

DTN is more than just a weather forecaster: It also offers decision-support services to companies in agriculture, energy, commodities, and the finance industry. Working with his new colleagues, he quickly identified rebuilding those five systems around a single forecast engine as a top priority. The merger playbook.

IT 111

IT Forecasting Data-driven Modeling 111

Timo Elliott

JANUARY 4, 2021

I recently participated in a web seminar on the Art and Science of FP&A Storytelling, hosted by the founder and CEO of FP&A Research Larysa Melnychuk along with other guests Pasquale della Puca , part of the global finance team at Beckman Coulter and Angelica Ancira , Global Digital Planning Lead at PepsiCo.

Dashboards 139

Dashboards Visualization Data-driven Forecasting 139

CIO Business Intelligence

JUNE 13, 2024

Over the past year, generative AI – artificial intelligence that creates text, audio, and images – has moved from the “interesting concept” stage to the deployment stage for retail, healthcare, finance, and other industries. billion by 2027, according to a forecast by IDC , which translates to an annual growth rate of 86.1%

Forecasting 137

Forecasting Risk Machine Learning Finance 137

Jet Global

NOVEMBER 11, 2020

The extreme market volatility over the past 12 months has likely led to organizations grappling with KPIs that are continuously off track from the forecasts in their financial and tax plans. Companies that do not regularly check their profitability actuals against target forecasts often find variances when it’s too late.

Forecasting 98

Forecasting Finance Marketing Software 98

Jet Global

JANUARY 12, 2021

How easily can you keep up with new pressures to forecast more frequently, more accurately, and with input from across the whole organization? Discover: How to get started quickly – by turning your existing spreadsheet models into a robust, scalable, and agile planning solution. Register Now.

Uncertainty 98

Uncertainty Finance Forecasting Testing 98

CIO Business Intelligence

AUGUST 30, 2022

The finance function has traditionally been known for its stability and process-based culture. Data has always been central to agile business planning, forecasting and analysis – all tools which have become central to the modern CFO role. Thrive in a Disruptive Landscape by Reimagining Finance. . Turning insights into action.

Data-driven 98

Data-driven Finance Digital Transformation Operational Reporting 98

Smart Data Collective

MARCH 27, 2023

Banks and other financial institutions are combining AI with other technologies to transform their business models. Keep reading to learn more about the relevance of AI in finance. The Evolution of Fintech For decades the most important technological innovation in finance was the calculator. It sounds expensive.

Software 118

Software Finance Cost-Benefit Data-driven 118

Smart Data Collective

JULY 28, 2022

The evidence demonstrating the effectiveness of predictive analytics for forecasting prices of these securities has been relatively mixed. Many experts are using predictive analytics technology to forecast the future value of bitcoin. This algorithm proved to be surprisingly effective at forecasting bitcoin prices.

Predictive Analytics 145

Predictive Analytics Analytics Forecasting Machine Learning 145

Jet Global

MAY 21, 2020

Projected student enrollment, grade performance, alumni donations, and scholarships can influence the forecast for the fiscal year’s budget. A more agile, comprehensive, and efficient budget planning process is needed to better utilize finance resources. This is because their budgets are not just based on historical data.

Finance 98

Finance KPI Forecasting Data-driven 98

datapine

MARCH 31, 2022

Added to this, if you work as a data analyst you can learn about finances, marketing, IT, human resources, and any other department that you work with. While analysts focus on historical data to understand current business performance, scientists focus more on data modeling and prescriptive analysis.

Business Intelligence 239

Business Intelligence Statistics Visualization Data-driven 239

Jedox

JUNE 25, 2020

However, the changed, driver-based approach requires not only close collaboration between the finance department and the specialist departments, but also clean and correctly linked data and a tool suitable for management that can be used without programming knowledge. Companies invest a lot of time and resources in their business planning.

Technology 94

Technology Finance Cost-Benefit Forecasting 94

Jet Global

APRIL 13, 2020

A relatively new concept called “agile finance”—along with its key ingredient “agile reporting”—is empowering businesses to make that shift. They rejected the classic waterfall model of software development in favor of an iterative approach in which initial prototypes are delivered and tested early in the process. View Whitepaper Now.

Manufacturing 98

Manufacturing Reporting Finance Forecasting 98