CIO Business Intelligence

SEPTEMBER 2, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Back-end software engineer. Data engineer.

Finance 98

Finance IT Software Reporting 98

CIO Business Intelligence

AUGUST 31, 2022

But financial services companies need skilled IT professionals to help manage the integration of new and emerging technology, while modernizing legacy finance tech. As demand for tech skills grows in the finance industry, certain IT jobs are becoming more sought-after than others. Back-end software engineer. Data engineer.

Finance 98

Finance IT Software Reporting 98

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 Uncertainty 98

CIO Business Intelligence

NOVEMBER 13, 2024

Managers tend to incentivize activity metrics and measure inputs versus outputs,” she adds. And we’re at risk of being burned out.” Workday announced new AI agents to transform HR and finance processes, and Google issued more AI-powered advertising and marketing tools.

IT 141

IT Consulting ROI Cost-Benefit 141

CIO Business Intelligence

DECEMBER 18, 2024

Voice deepfakes in which a real persons voice is cloned from recorded snippets of their voice are one of the biggest risks facing modern businesses and their call centers. This method of account takeover (ATO) is becoming more common as attackers attempt to bypass existing security measures.

Risk 98

Risk Reporting Machine Learning Finance 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 Sales Reporting Forecasting 98

datapine

AUGUST 19, 2020

Inventory metrics are indicators that help you monitor, measure, and assess your performance – and thus, give you some keys to optimize your processes as well as improve them. If you’re centered only on monitoring numbers, without focusing on the human aspect, you risk business bottlenecks in the long run.

Metrics 286

Metrics KPI Cost-Benefit Dashboards 286

Jen Stirrup

AUGUST 14, 2019

This is particularly evidence in relationships between Finance and IT. IT and Finance concepts are difficult for non-specialists to understand, and messages may not be received as they were intended when working across different teams. However, the quantity of communication does not always reflect the quality of communication.

Business Intelligence 96

Business Intelligence Finance IT Cost-Benefit 96

datapine

AUGUST 12, 2020

This first example focuses on one of the most important and data-driven department of any company: finance. The importance of this finance dashboard lays within the fact that every finance manager can easily track and measure the whole financial overview of a specific company while gaining insights into the most valuable KPIs and metrics.

Reporting 297

Reporting Dashboards Visualization Cost-Benefit 297

Cloudera

JUNE 12, 2024

Traditional machine learning (ML) models enhance risk management, credit scoring, anti-money laundering efforts and process automation. Some of the biggest and well-known financial institutions are already realizing value from AI and GenAI: JPMorgan Chase uses AI for personalized virtual assistants and ML models for risk management.

Finance 77

Finance Risk Management Risk Data-driven 77

datapine

OCTOBER 7, 2020

What gets measured gets done.” – Peter Drucker. By setting operational performance measures, you will know what is happening at every stage of your business. Every business needs to focus on finances, and by doing so, you will have the opportunity to keep your cash flow steady and sustainable. Who will measure it?

KPI 269

KPI Metrics Sales Visualization 269

CIO Business Intelligence

APRIL 29, 2024

If you are a CIO or CISO and haven’t yet read this article – Finance worker pays out $25 million after video call with deepfake ‘chief financial officer,’ you should and then share it with your entire company. The digital impostors mimicked the finance worker’s actual team with disturbing accuracy. What happens then?

Finance 122

Finance Recreation/Entertainment Measurement Risk 122

Smart Data Collective

JANUARY 12, 2022

Data analytics has arguably become the biggest gamechanger in the field of finance. Personal finance mistakes and issues often happen to businesses and business owners. Good finance habits set entrepreneurs up for success by letting them focus on the growth of their companies. Fraud risks. billion in the next two years.

Data Analytics 131

Data Analytics Analytics Finance Data mining 131

CIO Business Intelligence

MARCH 19, 2025

Additionally, Deloittes ESG Trends Report highlights fragmented ESG data, inconsistent reporting frameworks and difficulties in measuring sustainability ROI as primary challenges preventing organizations from fully leveraging their data for ESG initiatives.

IT 59

IT Data Governance Data-driven Metrics 59

O'Reilly on Data

MAY 14, 2020

In addition, the Research PM defines and measures the lifecycle of each research product that they support. Lack of a specific role definition doesn’t prevent success, but it does introduce the risk that technical debt will accumulate as the business scales.

Management 364

Management Experimentation B2B Machine Learning 364

Cloudera

MAY 18, 2021

These interactions are captured and the resulting synthetic data sets can be analysed for a number of applications, such as training models to detect emergent fraudulent behavior, or exploring “what-if” scenarios for risk management. Value-at-Risk (VaR) is a widely used metric in risk management. Intraday VaR. Citations. [1]

Risk 99

Risk Marketing Risk Management Data-driven 99

CIO Business Intelligence

AUGUST 16, 2023

We put sensors in the vessels, and with the measurement data we receive, we can see how full they are and plan the routes accordingly,” says Andreas Bäckström, a business developer at Division Drift. Digital alerts Another project deals with slow-moving vehicles, something that increases the risk of accidents on the roads.

Risk 98

Risk Cost-Benefit Internet of Things Digital Transformation 98

IBM Big Data Hub

DECEMBER 8, 2023

.” This same sentiment can be true when it comes to a successful risk mitigation plan. The only way for effective risk reduction is for an organization to use a step-by-step risk mitigation strategy to sort and manage risk, ensuring the organization has a business continuity plan in place for unexpected events.

Risk 67

Risk Strategy Risk Management Insurance 67

CIO Business Intelligence

MAY 29, 2024

As Eli Lambert, Managing Director of Accenture’s Global IT Finance Platforms, noted, “a significant challenge for a large IT enterprise is keeping up with the speed of business and ahead of technology change. Accenture needed a more agile, scalable, and innovative platform to support its dynamic and diverse business needs.

Cost-Benefit 126

Cost-Benefit Finance Strategy Risk 126

datapine

FEBRUARY 18, 2020

If the finance department raises an alarm, everyone must carefully listen because it concerns the most crucial information and can lead to serious damages if ignored. That said, when it comes to digesting and taking action upon vital financial metrics and insights, well-designed finance graphs and charts offer the best solution.

Visualization 201

Visualization Metrics Dashboards Finance 201

datapine

FEBRUARY 14, 2021

The shorter the conversion cycle the better, and this invaluable supply chain metric will help you take the right measures to ensure that you can run your business with less money tied up in operations. The days sales outstanding (DSO) KPI measures how swiftly you are able to collect or generate revenue from your customers.

Metrics 260

Metrics KPI Dashboards Sales 260

CIO Business Intelligence

AUGUST 6, 2024

This article explores the lessons businesses can learn from the CrowdStrike outage and underscores the importance of proactive measures like performing a business impact assessment (BIA) to safeguard operations against similar disruptions. This helps mitigate risks and ensures accountability.

Risk Management 111

Risk Management Risk Testing Finance 111

datapine

SEPTEMBER 29, 2022

5) How Do You Measure Data Quality? In this article, we will detail everything which is at stake when we talk about DQM: why it is essential, how to measure data quality, the pillars of good quality management, and some data quality control techniques. How Do You Measure Data Quality? Table of Contents. 2) Why Do You Need DQM?

Data Quality 241

Data Quality Metrics Data-driven Management 241

CIO Business Intelligence

AUGUST 15, 2024

As organisations adjust to managing remote and hybrid teams, supporting digital transformation, and navigating an uncertain and volatile global economy, they face an ever-expanding landscape of vulnerabilities and increasing risk. Home printers pose an additional risk, particularly those that were purchased by employees.

Risk 111

Risk Digital Transformation Marketing Finance 111

CIO Business Intelligence

OCTOBER 4, 2024

Emerging companies such as Olive AI, developer of an administrative task automation system for health centers, or Plastiq, an online payment platform, obtained important rounds of financing, only then to declare bankruptcy. This will help to not only mitigate immediate risks, but strengthen long-term resilience.

IT 122

IT Measurement Risk Strategy 122

datapine

JANUARY 24, 2021

Once you have your data analytics questions, you need to have some standard KPIs that you can use to measure them. OK – so far, you’ve picked out some data analysis questions, and you’ve found KPIs to measure them. Be open-minded about your data sources in this step – all departments in your company, sales, finance, IT, etc.,

IT 317

IT Statistics KPI Data-driven 317

CIO Business Intelligence

JUNE 30, 2023

How well the CIO understands finance : “The CIO should run IT like a business within a business,” says McGittigan. They also know the potential risks. There’s an opportunity for the CIO to educate the CFO by explaining the change part in the same terms as the run part, but the average CIO lacks a sufficient understanding of finance.”

Finance 116

Finance Cost-Benefit Digital Transformation Reporting 116

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. Ryan O’Leary: “The big ethical challenges are the risks of misinformation, biases, and potential privacy breaches.

Forecasting 137

Forecasting Risk Machine Learning Finance 137

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

SEPTEMBER 22, 2021

The risk of data breaches will not decrease in 2021. Data breaches and security risks happen all the time. One bad breach and you are potentially risking your business in the hands of hackers. In this blog post, we discuss the key statistics and prevention measures that can help you better protect your business in 2021.

Statistics 133

Statistics Risk Measurement Software 133

Smart Data Collective

JULY 16, 2023

It has completely changed the game in business and finance. The Imperative of Risk Mitigation A crucial element in the world of financial investments is effective hedge fund management. We will talk about some of the biggest ways that big data is changing the future of risk management among hedge funds.

ROI 97

ROI Data Analytics Analytics Risk Management 97

CIO Business Intelligence

SEPTEMBER 12, 2024

The familiar narrative illustrates the double-edged sword of “shadow AI”—technologies used to accomplish AI-powered tasks without corporate approval or oversight, bringing quick wins but potentially exposing organizations to significant risks. Establish continuous training emphasizing ethical considerations and potential risks.

Experimentation 111

Experimentation Risk Cost-Benefit Strategy 111

IBM Big Data Hub

JUNE 23, 2023

While you may have learned about generative artificial intelligence (AI), you may not know what it means for the future of Finance and Accounting (F&A). Well-trained models can ensure that you adhere to predefined rules, standards and guidelines, reducing the risk of errors and eliminating inconsistencies in these narratives.

Finance 58

Finance Reporting Cost-Benefit Modeling 58

David Menninger's Analyst Perspectives

NOVEMBER 7, 2024

The difference is in using advanced modeling and data management to make faster scenario planning possible, driven by actionable key performance measures that enable faster, well-informed decision cycles. 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

Occam's Razor

JANUARY 9, 2012

Most companies are astonishingly blasé about data and possibilities of measurement. " Sad, unimaginative measurements of their sad, unimaginative campaigns. We don't take risk and try things, imaginative (possibly glorious) things, because we believe the price of failure is so high. One of my biggest learnings?

Marketing 142

Marketing B2B Measurement Risk 142

IBM Big Data Hub

OCTOBER 16, 2023

As more businesses use AI systems and the technology continues to mature and change, improper use could expose a company to significant financial, operational, regulatory and reputational risks. It encompasses risk management and regulatory compliance and guides how AI is managed within an organization.

Risk 70

Risk Modeling Management Metadata 70

Smart Data Collective

JULY 4, 2021

On the finance side of businesses, asset management firms are utilizing machine learning with computerized maintenance management systems (CMMS) and data analytics to manage digital assets. Risk Management. Clients or customers can now have safer transactions for investing, saving, borrowing, and spending money.

Machine Learning 143

Machine Learning Management B2B Unstructured Data 143