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

O'Reilly on Data

JANUARY 22, 2019

Finance is not physics. Despite all the complicated mathematics of modern finance, its theories are woefully inadequate, especially when compared to those of physics. Perhaps finance is harder than physics. This observation is particularly applicable to finance. Image by Mike Shwe and Deepak Kanungo. Used with permission.

Modeling 212

Modeling Finance Uncertainty Data mining 212

Jet Global

NOVEMBER 16, 2020

Rapid advances in technology are helping to transform the way organizations carry out scenario planning, allowing them to adapt a continuous planning mindset to other areas of finance, such as tax. 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

Jedox

OCTOBER 14, 2021

Ask finance and accounting professionals if they would like to do more value adding work and you’ll hear a re-sounding “YES!” This is like a chronic disease of the finance function but unlike most chronical diseases this one has a cure! Why are you in Finance? ″ we need time. ″ we need time. Time & Energy.

Finance 106

Finance Optimization Forecasting Reporting 106

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

Jet Global

OCTOBER 8, 2020

Covid-19 has had a hugely disruptive impact on operational finance. The term ‘operational finance’ encapsulates the critical activities associated with order to cash, procure to pay, fixed assets, close, consolidation, and reporting. It also decreases the risk of errors by eliminating disjointed, manual processes.

Finance 98

Finance Reporting Forecasting Metrics 98

David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Waiting too long to start means risking having to play catch-up. AI-enabling on-premises software is preferable where there is some combination of incurring less disruption to operations, faster time to value, lower risk of failure and lower total cost of ownership relative to migrating to the cloud.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

Jet Global

NOVEMBER 19, 2020

2020 brought with it a series of events that have increased volatility and risk for most businesses. Let’s look at some of the key risk categories that are often encountered by growing businesses. Credit Risk. Finance, on the other hand, focuses on cash and leverage.

Risk 98

Risk Reporting Enterprise Sales 98

Jet Global

DECEMBER 21, 2020

In the more modern terminology of business, we could rephrase that to say “be careful about concentration risk.”. When an organization is too reliant on one company or market segment to drive revenue or ensure an adequate product supply, it creates concentration risk. Vendor Concentration Risk. Fourth-Party Concentration Risk.

Risk 98

Risk Reporting Sales Forecasting 98

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

Smart Data Collective

JULY 31, 2022

We have talked about a lot of the benefits of using predictive analytics in finance. Traders will have to use it to manage their risks by making more informed decisions. Compared to the Spring Forecast, Russia’s action against Ukraine continues to harm the EU economy, causing weaker growth and greater inflation.

Predictive Analytics 145

Predictive Analytics Analytics Uncertainty Forecasting 145

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. Energy: Forecast long-term price and demand ratios. Financial services: Develop credit risk models.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

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

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.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

CIO Business Intelligence

APRIL 8, 2025

Fragmented systems, inconsistent definitions, legacy infrastructure and manual workarounds introduce critical risks. The decisions you make, the strategies you implement and the growth of your organizations are all at risk if data quality is not addressed urgently. Manual entries also introduce significant risks.

Data Quality 102

Data Quality Data-driven Key Performance Indicator Metadata 102

BizAcuity

FEBRUARY 21, 2025

Sales operates on one system, finance on another, and operations on its own platform. Beyond Data Collection: Why Dynamics 365 Integration is Critical Most businesses today use Dynamics 365 for managing sales, finance, customer service, or operations. Because data without intelligence is just noise.

Dashboards 52

Dashboards Optimization Finance Sales 52

Smart Data Collective

MARCH 2, 2023

Big data helps businesses address cash flow needs A growing number of companies use big data technology to improve their financing. Predictive analytics technology can help companies forecast demand One of the biggest challenges businesses face in any economy is predicting demand for their products or services.

Big Data 105

Big Data Uncertainty Risk Data mining 105

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. One of the most common problems finance teams face is the quality and reliability of the data they collect. Inaccurate forecasts. Poor quality data.

Data-driven 116

Data-driven IT Finance Forecasting 116

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?

Forecasting 98

Forecasting Finance Business Driver Key Performance Indicator 98

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. The good news is that predictive analytics technology can reduce risk exposure for these investors.

Predictive Analytics 145

Predictive Analytics Analytics Forecasting Machine Learning 145

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

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.

Finance 106

Finance Forecasting IoT Predictive Modeling 106

Smart Data Collective

FEBRUARY 14, 2023

There are many other reasons AI and big data technology is changing finance. Before you can create a strategy, you must determine your risk tolerance. Finding the right balance between risk and reward is all about your establishing personal investment goals. There are a few things to consider when weighing your risk tolerance.

Predictive Analytics 132

Predictive Analytics Management Analytics Uncertainty 132

Jet Global

DECEMBER 8, 2020

A full Power BI implementation is a large-scale project, and it carries similar risks. If you are considering using Power BI in your organization, here are some key points to keep in mind that impact project risk: 1. Power BI Without the Risk. Power BI Is Highly Complex. That’s a relatively straightforward proposition.

Finance 52

Finance Risk Reporting Software 52

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

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

Jedox

AUGUST 13, 2020

In our last post, “ Rolling Forecasts: The Pros and Cons ,” we looked at why rolling forecasts are used, when it makes sense to use them, and for whom. In our third and last post in this series, we give five tips for a successful implementation of rolling forecasts in your organization’s FP&A processes. .

Forecasting 52

Forecasting Risk Finance Data Collection 52

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. There are multiple benefits of AI in the finance industry.

Finance 52

Finance Unstructured Data Risk Management Cost-Benefit 52

Jet Global

JANUARY 7, 2021

This results in reduced risk, tightened compliance, improved productivity, and higher employee satisfaction. founded in 2002, helps customers elevate their business with smart, intuitive solutions for modern finance. Certent helps you redefine your approach to governance, risk, and compliance. Certent, Inc.,

Finance 105

Finance Reporting Software Forecasting 105

Alation

OCTOBER 26, 2021

Because of the criticality of the data they deal with, we think that finance teams should lead the enterprise adoption of data and analytics solutions. And while some might see finance as the most conservative department in an enterprise, we believe that they can become innovators, driving how their business consumes and uses data.

Finance 52

Finance Data Transformation Enterprise Metrics 52

Jedox

MAY 9, 2022

There are glittering promises and lofty expectations of artificial intelligence (AI), yet misconceptions abound regarding its potential impact on the office of finance. Fear of change, specifically technological change, can also inhibit the adoption of artificial intelligence in finance organizations.

Finance 52

Finance Risk Manufacturing Forecasting 52

Jet Global

APRIL 27, 2020

In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Re-Assess Your Risks. Start with key make-or-break assumptions such as sales forecasts, receivables, cash flow, and the reliability of your supply chain. Some of your risks may be less obvious. Forecast Early and Often.

Forecasting 80

Forecasting Finance Metrics Risk 80

datapine

JUNE 29, 2022

It details the sources and uses of cash in relation to a business’s operations, investments, and financing. But they also reduce the risk of reporting inconsistencies to investors, financial managers, or worse, tax authorities. It details the revenue earned over a certain period of time. Statement Of Retained Earnings.

Visualization 200

Visualization Reporting Cost-Benefit Snapshot 200

Jet Global

JANUARY 4, 2021

For many organizations, a frequent complaint related to financial planning has been the level of disconnect that sometimes exists between Finance and Operations. Planners began to integrate functional and departmental plans into their own forecasts. Top-down planners found themselves collaborating more with frontline managers.

Forecasting 98

Forecasting Finance Testing Sales 98

datapine

MARCH 25, 2022

In a business context, this method identifies patterns and trends and can forecast inventory, predict customer responses to new products, assess risks, among others. Finances: can Iower financial risk? Usage in a business context. Usage is another factor that can help us understand how BI and BA differ from each other.

Business Intelligence 264

Business Intelligence Analytics Statistics Dashboards 264

Smart Data Collective

FEBRUARY 3, 2021

Big data algorithms that understand these principles can use them to forecast the direction of the stock market. As time goes by, the benefits of big data will be largely impactful as business activities continue to pose a huge environmental risk and many people begin investing dependent on the impact of these businesses.

Big Data 140

Big Data Marketing Data Analytics Analytics 140

Jet Global

AUGUST 13, 2020

You’d be hard pressed to find a finance professional who looks forward to the audit process. Although security managers and network administrators may have easy access to company data, they don’t understand the ins and outs of your business’s financial transactions the way your finance department does. Identify Risk Factors.

Enterprise 98

Enterprise Finance Cost-Benefit Risk 98