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. Energy: Forecast long-term price and demand ratios. Forecast financial market trends.

Predictive Analytics 145

Predictive Analytics Analytics Predictive Modeling Forecasting 145

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

Smart Data Collective

AUGUST 10, 2021

‘Although companies in healthcare, IT and finance are some of the biggest investors in analytics technology, plenty of other sectors are investing in analytics as well. Not only will it aid in evaluation and future forecasting, but it also enables us to make conclusions from previous occurrences, which is very useful in many situations.

Data Analytics 137

Data Analytics Analytics Big Data Key Performance Indicator 137

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

Jet Global

JUNE 21, 2023

While trying to do more with less, accounting and finance pros are taking longer to get work done, overlooking automation and technology as a potential solution RALEIGH, N.C. In 2022, despite continued economic headwinds, finance teams were optimistic about the future and preparing for growth.

Finance 52

Finance Uncertainty Reporting Digital Transformation 52

datapine

NOVEMBER 5, 2019

Often times, statistical analysis is done manually and takes a lot of business hours to complete and provide recommendations for the future. The finance department of any organization, regardless of industry or sector, is vital to sustainable success and economic fluidity. Download our pocket-sized summary and improve your operations!

Dashboards 220

Dashboards Cost-Benefit Sales Metrics 220

Smart Data Collective

OCTOBER 14, 2019

From the tech industry to retail and finance, big data is encompassing the world as we know it. Gartner estimates a retail IT spend forecast of $210.9 Statistics, qualitative analysis and quant are some of the backbones of big data. billion by next year with $11.7 billion allocated for data center systems and $90.2

Big Data 99

Big Data Software Data mining Prescriptive Analytics 99

Smart Data Collective

OCTOBER 8, 2021

However, they do not call for price forecasts or predictions, making them easy to implement. For instance, issue a purchase command when an asset’s price rises. And give out a sell order when the asset’s price falls. Mathematical Model-based Strategies.

Machine Learning 132

Machine Learning Testing Strategy Modeling 132

CIO Business Intelligence

AUGUST 28, 2023

Another statistic demonstrates the scale of change: according to the United Nations , Africa is the fastest urbanising continent in the world, forecast to hit 60% by 2050. This statistic underpins a tremendous demand for infrastructure needed to supercharge economic growth.

Digital Transformation 98

Digital Transformation Statistics Marketing Technology 98

Jedox

NOVEMBER 23, 2021

Product portfolio optimization is automated with optimization models, AI-supported forecasts, and portfolio scenarios. Historical and forecasted product successes as well as the product life cycle, product key figures, dependencies and influencing factors are also included in analyses and forecasts.

Optimization 74

Optimization Forecasting Sales Dashboards 74

FineReport

DECEMBER 9, 2021

KPI dashboard for Finance (from FineReport). Data Scientist: A person who uses analytics, statistical tools, and machine learning to extract actionable value from big data. The accuracy of the store customer flow forecast has now reached 95%. What indicators can improve your performance and strategy? Free Download.

Strategy 98

Strategy Business Intelligence KPI Key Performance Indicator 98

Jet Global

AUGUST 20, 2023

Finance teams today are facing unique challenges as they adapt to the post-pandemic landscape. According to recent insightsoftware research skills shortages in finance teams and a tight labor market are among the greatest challenges facing finance leaders today.

Strategy 52

Strategy Finance Cost-Benefit Forecasting 52

datapine

FEBRUARY 9, 2024

4) How to Select Your KPIs 5) Avoid These KPI Mistakes 6) How To Choose A KPI Management Solution 7) KPI Management Examples Fact: 100% of statistics strategically placed at the top of blog posts are a direct result of people studying the dynamics of Key Performance Indicators, or KPIs. Finance: How do we handle the company’s assets?

KPI 221

KPI Management Key Performance Indicator Measurement 221

datapine

NOVEMBER 13, 2019

Fortunately, we live in a digital age rife with statistics, data, and insights that give us the power to spot potential issues and inefficiencies within the business. By monitoring and analyzing key elements of your procurement activities, it is possible to: a) Improve the accuracy of the financial forecasting. What are we buying?

Reporting 158

Reporting KPI Cost-Benefit Dashboards 158

Smarten

SEPTEMBER 28, 2022

Plan and forecast accurately.’. Predictive Analytics utilizes various techniques including association, correlation, clustering, regression, classification, forecasting and other statistical techniques. Plan and forecast accurately. Demand Planning. Product/Service Cross-Selling. Maintenance Management.

Predictive Analytics 52

Predictive Analytics Analytics Predictive Modeling Forecasting 52

Domino Data Lab

SEPTEMBER 25, 2019

A big part of statistics, particularly for financial and econometric data, is analyzing time series, data that are autocorrelated over time. Fortunately, the forecast package has a number of functions to make working with time series data easier, including determining the optimal number of diffs. > library(forecast).

Forecasting 87

Forecasting Modeling Statistics Optimization 87

BI-Survey

JANUARY 29, 2023

Companies are therefore looking for ways to produce their plans and forecasts in less time, with less effort and with better results, because in a volatile market environment characterized by crises, there can no longer be “business as usual”, even in corporate planning. This also increasingly applies to forecasts and simulations.

Forecasting 52

Forecasting Predictive Modeling Measurement Finance 52

Jet Global

MAY 16, 2023

A recent survey by insightsoftware and Hanover Research reported 63% of IT decision makers find that finance is either very- or over-reliant on the IT department for operational reporting. Both statistics are alarming considering market uncertainty increases the demand for more frequent, more accurate forecasts and reporting.

Uncertainty 52

Uncertainty Finance Reporting Cost-Benefit 52

BI-Survey

FEBRUARY 14, 2022

Although many initiatives have already been realized around planning and forecasting in recent months, too many were just short-term fixes that did not bring the significant and lasting improvements required. This study examined the contribution modern planning and forecasting can make to corporate management. Are there better methods?

Forecasting 52

Forecasting Uncertainty Measurement Cost-Benefit 52

Jet Global

AUGUST 4, 2023

Programming/Scripting Languages The most common programming/scripting languages for finance and data people are SQL, R and Python. However, I have found that for most finance professionals, it is easiest to learn these skills with Power Pivot and then Power BI (PBI).

Data Analytics 52

Data Analytics Analytics Finance Visualization 52

IBM Big Data Hub

DECEMBER 20, 2023

Machine learning (ML) technologies can drive decision-making in virtually all industries, from healthcare to human resources to finance and in myriad use cases, like computer vision , large language models (LLMs), speech recognition, self-driving cars and more. However, the growing influence of ML isn’t without complications.

Machine Learning 73

Machine Learning Modeling Deep Learning Predictive Modeling 73

Jedox

JULY 31, 2018

It runs statistics and algorithms (also known as data mining) on masses of historical data to calculate probabilities and future events. Modern-day forecasting, for example, relies heavily on predictive analysis. Predictive analytics is one aspect of advanced analytics that will be key in driving efficiency and innovation.

Technology 44

Technology Prescriptive Analytics Machine Learning Business Intelligence 44

FineReport

MARCH 24, 2024

Predictive analytics: Forecasting likely outcomes based on patterns and trends to facilitate proactive decision-making. Data analysts contribute value to organizations by uncovering trends, patterns, and insights through data gathering, cleaning, and statistical analysis.

Statistics 52

Statistics Data mining Visualization Reporting 52

DataRobot Blog

NOVEMBER 8, 2022

Our predictions are so accurate that we work directly with the client’s finance organization to set targets and track how they deliver against those targets throughout the year. The DataRobot AI Cloud Platform Empowers Mindshare to Utilize the Most Statistically Robust Approach for Any Data Type.

Predictive Analytics 59

Predictive Analytics Marketing Analytics Data-driven 59

Jedox

FEBRUARY 9, 2023

Companies that utilize adaptable modeling can enable turnkey solutions for finance, sales, and workforce planning. Businesses can leverage their expertise in programs already in use like Excel to design, implement, and manage a solution that can efficiently forecast and plan initiatives at scale. Gone are the days of scattered data.

Digital Transformation 52

Digital Transformation Manufacturing Machine Learning Strategy 52

Alation

NOVEMBER 28, 2022

Spreadsheets are created across different functions, from finance to sales operations, across different countries, and across different business units. Sales operations rely on spreadsheets for forecasting and resource planning. Source: IDC, Data and Analytics in a Digital-First World commissioned by Alteryx.

Descriptive Analytics 52

Descriptive Analytics Sales Risk Data-driven 52

Andrew White

JANUARY 11, 2021

Government, Finance, … Tough question…mostly as it’s hard to determine which industry due to different uses and needs of D&A. As such banking, finance, insurance and media are good examples of information-based industries compared to manufacturing, retail, and so on. Does this promote efficiency? We see both too.

Data Analytics 52

Data Analytics Analytics Data-driven Finance 52

Smarten

SEPTEMBER 9, 2024

Recent surveys and statistics published by Mordor Intelligence , reveal that the fastest growing market for Mobile BI is in the Asia Pacific and the largest market is in North America. The market is forecasted to achieve nearly a 23% growth over the next three years.

Business Intelligence 52

Business Intelligence Key Performance Indicator IT Metrics 52

CIO Business Intelligence

APRIL 9, 2025

One of the most fundamental tenets of statistical methods in the last century has focused on correlation to determine causation. The quantitative models that make ML-enhanced analytics possible analyze business issues through statistical, mathematical and computational techniques.

Enterprise 102

Enterprise Analytics Experimentation Statistics 102

Occam's Razor

FEBRUARY 6, 2018

You have to be great at forecasting, competitive intelligence, investment planning, understanding past performance, organization changes and magic pixie dust (trust me on that one). Oh, your Finance team will love you! A small statistics detour. Use whichever statistical strategies you prefer to find your outliers.

Strategy 266

Strategy Metrics KPI Dashboards 266

Jet Global

FEBRUARY 25, 2021

He divided his students into two groups and provided them with statistics about crime rates in the United States. In contrast, only 5 percent of students could remember even a single statistic. The Strategic Role of Finance. To do that, leaders in finance and accounting must increase their capacity to communicate effectively.

Visualization 75

Visualization Finance Cost-Benefit Reporting 75

Jet Global

APRIL 5, 2021

As a finance professional, you’ll need different types of financial analysis and modeling for different situations. Financial modeling involves combining key accounting, finance, and business metrics to build an abstract representation, or model, of a company’s financial situation. That being said, one model can’t do it all.

Modeling 98

Modeling Forecasting Metrics Finance 98

Jet Global

OCTOBER 18, 2021

The “What” and “Why” of Demand Planning and Forecasting. To allocate assets effectively and operate more efficiently, supply chain managers have turned to the science of demand planning and forecasting. Demand forecasting is about predicting potential spikes or troughs in demand. Successful Demand Planning and Forecasting.

Forecasting 52

Forecasting Recreation/Entertainment Sales Finance 52

Jet Global

MARCH 21, 2022

The task of creating those reports falls onto the shoulders of finance teams that are sometimes already struggling to manage a heavy workload. Half of decision-makers produce all their recurring reports at least once a week, and for the top twelve operational reports required, more than 12% of finance teams produce the reports daily.

Operational Reporting 98

Operational Reporting Reporting Finance Forecasting 98

Jet Global

JUNE 24, 2021

If the step above is meticulously applied, the non-profit will have cross-sectional metrics that include all departments, from Human Resources to Finance. These KPIs are grouped into five cross-sectional sets of finance, campaign, donor, growth, and people metrics. Financial KPIs for non-profits. Download Now.

Metrics 98

Metrics Reporting KPI Measurement 98

Jet Global

NOVEMBER 2, 2021

Those without KPIs are left without any valuable statistics, while those with established performance tracking dashboards are able to make data driven decisions. Finance-Related KPI Examples for Universities. This information can be used to provide insightful financial forecasting for the accounting department.

Metrics 52

Metrics Reporting KPI Key Performance Indicator 52

Jet Global

DECEMBER 22, 2021

For the CFO and the finance team, a dashboard might focus on key financial metrics such as topline revenue and gross margin, cash management statistics such as days sales outstanding (DSO), or return on working capital. Real-Time or Near-Real-Time Information. Integrated, Automated, and Purpose-Built.

Dashboards 52

Dashboards Key Performance Indicator Recreation/Entertainment Reporting 52