CIO Business Intelligence

NOVEMBER 1, 2024

One of the world’s largest risk advisors and insurance brokers launched a digital transformation five years ago to better enable its clients to navigate the political, social, and economic waves rising in the digital information age.

IT 101

IT Insurance Consulting Risk 101

Jedox

FEBRUARY 11, 2021

However, forecasting or predicting how much your customers want to buy or how well a business would perform in the future was much more difficult to achieve way back then. But what about forecasting? As CRM has evolved, many vendors included sales forecasting functionalities in their tools. Let your CRM work its magic.

Forecasting 121

Forecasting Sales Finance Interactive 121

Jet Global

NOVEMBER 18, 2021

This applies to collaborative planning, budgeting, and forecasting, which, without the right tools, can be daunting on its best day. What holds us back from working smarter is the risk of integrating better tools that, although the tool is seemingly an improvement, runs the risk of throwing off your whole process.

Forecasting 98

Forecasting Cost-Benefit Risk Reporting 98

CIO Business Intelligence

JANUARY 19, 2024

More than 120 ‘flavors’ to handle When your company is dealing with today’s volatile market, a variety of products, and a supply chain covering 120+ countries – each with its own rules and processes – demand planning, including forecasting, can get a bit gut-wrenching. Such was the case with Danone.

Forecasting 121

Forecasting IT Digital Transformation Machine Learning 121

CIO Business Intelligence

JULY 2, 2024

This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says. This approach to better information can benefit IT team KPIs in most areas, ranging from e-commerce store errors to security risks to connectivity outages,” he says.

IT 143

IT Machine Learning Cost-Benefit Software 143

CIO Business Intelligence

MAY 6, 2024

Here is a closer look at recent and forecasted developments in the cloud market that CIOs should be aware of. While these Workload Commitments do not always garner the highest tier of credits/incentives, it provides customers with a simpler consumption approach that avoids much of the risk of underutilization.

Marketing 131

Marketing Strategy IT Data Processing 131

CIO Business Intelligence

SEPTEMBER 26, 2024

RFID-enabled visibility can also mitigate counterfeiting and gray market diversion risks, he adds, while streamlining recalls and sharpening compliance with regulatory requirements. Retail manufacturers and suppliers that have mandated RFID source tagging are seeing gains in demand forecasting and reductions in costly compliance chargebacks.

IT 124

IT Manufacturing IoT Cost-Benefit 124

Jedox

OCTOBER 24, 2019

A high-quality business forecast delivers far more than just numbers. Finance professionals regularly try to look in their crystal ball with forecasts and enable the company to have seamless, solid planning. For this to succeed, your forecast must be of high quality. A forecast should be prepared and adjusted on a regular basis.

Forecasting 84

Forecasting Finance Risk Sales 84

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 113

Forecasting Data Science Statistics Uncertainty 113

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 130

Cost-Benefit Risk Forecasting Software 130

CIO Business Intelligence

NOVEMBER 21, 2023

Ask IT leaders about their challenges with shadow IT, and most will cite the kinds of security, operational, and integration risks that give shadow IT its bad rep. That’s not to downplay the inherent risks of shadow IT. Following are seven steps to guide this transformation for competitive advantage.

IT 137

IT Risk Cost-Benefit Risk Management 137

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. This technology has the potential to significantly redefine the mission of the financial planning and analysis group. And it must be C ompany-wide, not siloed.

Forecasting 130

Forecasting Machine Learning Finance Predictive Analytics 130

CIO Business Intelligence

JULY 1, 2024

Shane McDaniel was nearly a year into a modernization effort when he and his IT team for the City of Seguin, Texas, cut over from the city’s legacy network to the upgraded version. On hand for much of the work that Saturday in June 2019 was the rep from Extreme Networks, a Morrisville, N.C.-headquartered It’s not just a transactional relationship.

IT 128

IT Scorecard Consulting Sales 128

CIO Business Intelligence

MAY 14, 2024

IDC forecasts that global spending on private, dedicated cloud services — which includes hosted private cloud and dedicated cloud infrastructure as a service — will hit $20.4 Controlling escalating cloud and AI costs and preventing data leakage are the top reasons why enterprises are eying hybrid infrastructure as their target AI solution.

IT 143

IT Data Processing Enterprise Modeling 143

Smart Data Collective

JUNE 18, 2021

National Institute of Justice’s (NIJ) “ Recidivism Forecasting Challenge ” (the Challenge) aims to increase public safety and improve the fair administration of justice across the United States. NIJ will evaluate all entries on how accurately they forecast the outcome of recidivism.

Predictive Analytics 70

Predictive Analytics Forecasting Analytics Big Data 70

Smart Data Collective

JANUARY 14, 2021

A lot of experts have talked about the benefits of using predictive analytics technology to forecast the future prices of various financial assets , especially stocks. While this obviously means that there is more risk, it also gives more informed investors a chance to beat market benchmarks.

Predictive Analytics 85

Predictive Analytics Forecasting Analytics Machine Learning 85

CIO Business Intelligence

MAY 8, 2024

We take the financial risk for this, which means that if there is anything that’s misrepresented, the money comes from our pocket.” The IT team plans to further enhance the application using the XGBoost machine learning software library for forecasting medication use in covered populations. Nobody has a clean, organized way to do it.”

Insurance 107

Insurance IT Cost-Benefit Unstructured Data 107

Jet Global

NOVEMBER 16, 2020

Learn how to enable complex planning and forecasting processes. In this webinar, attendees responded to a poll asking which areas of long-term forecasts are of most interest to them. Scenario planning is an increasingly important way for multinational enterprises to operate effectively in an uncertain and unpredictable world.

Forecasting 98

Forecasting Snapshot Finance Recreation/Entertainment 98

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 Software 52

Jet Global

MARCH 30, 2021

It follows that tax teams should think about how they can make significant contributions to the ERM planning process by providing short, mid- and long-term ETR forecasts based on accurate financial information. Take Responsibility for Risk Oversight. Take Responsibility for Risk Oversight. Foster an Appropriate Risk Mindset.

Risk Management 98

Risk Management Risk Strategy Enterprise 98

Jet Global

JULY 30, 2020

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. 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

CIO Business Intelligence

MARCH 14, 2024

MBA programs can also help leaders hone their communication and negotiation skills while also improving their understanding of organizational behavior, strategic planning, and risk management through exposure to experienced peers and varied coursework,” Bhargava explains. Does it make sense for an IT leader to seek an MBA?

IT 126

IT Strategy Digital Transformation Risk Management 126

Jedox

OCTOBER 15, 2020

Suddenly your tried and true navigational skills and processes and the way you have always assessed risks and opportunities has been taken away from you. The world has changed so much and so quickly that it has vastly impacted our ability to forecast in the current environment.

Forecasting 58

Forecasting Modeling Technology Risk 58

Jet Global

NOVEMBER 2, 2021

This applies to collaborative planning, budgeting, and forecasting, which, without the right tools, can be daunting on its best day. What can hold you back from working smarter is often times the risk of integrating better tools that, although promise improvements, run the risk of throwing off your whole process through its implementation.

Forecasting 52

Forecasting Cost-Benefit Risk Software 52

CIO Business Intelligence

JULY 18, 2022

Organizations that do not invest in the short term will likely fall behind in the medium term and risk not being around in the long term,” warned Lovelock in a statement. We forecast this trend is going to continue over the next couple of years.”. trillion, according to projections released by Gartner Research.

IT 142

IT Uncertainty Sales Data-driven 142

CIO Business Intelligence

SEPTEMBER 15, 2023

It enables the organization to focus on its core business while managing risks and accelerating time-to-market for new products and services. It also helps identify areas of risk where provider spend has declined and opportunities to reopen terms for providers whose spend has increased.

Optimization 111

Optimization IT Metrics Marketing 111

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.

Risk 98

Risk Sales Reporting Forecasting 98

Anmut

SEPTEMBER 5, 2024

Texas winter storm (ERCOT energy demand forecasts) Issue : In February 2021, a severe winter storm hit Texas, causing widespread power outages managed by the Electric Reliability Council of Texas (ERCOT). Everyone is talking about AI, but what about the data it depends on? In the absence of trusted decision-grade data bad things happen!

IT 52

IT Forecasting Machine Learning Reporting 52

CIO Business Intelligence

OCTOBER 9, 2024

Given supply chain complexities involving workforce capacity, demand forecasting, supply and transportation planning, and inventory and maintenance management, Petrobras was compromised by siloed and disparate data, information gaps, and broken end-to-end (E2E) processes. That hasn’t always been easy.

Forecasting 116

Forecasting Risk Consulting Optimization 116

CIO Business Intelligence

APRIL 29, 2024

CIOs must redirect resources when technologies as revolutionary as generative AI come to market or risk falling behind or becoming obsolete — in which case, hitting other strategic goals won’t matter much. To Carm Taglienti, the explosion of all things AI over the past few years has been both a pro and a con to IT teams.

IT 128

IT Consulting Technology Strategy 128

The Data Visualisation Catalogue

OCTOBER 18, 2024

A Fan Chart is a visualisation tool used in time series analysis to display forecasts and associated uncertainties. Also, as the forecast extends further into the future, uncertainty grows, causing the shaded areas to widen and give this chart its distinctive ‘fan’ appearance.

Snapshot 83

Snapshot Uncertainty Forecasting Risk 83

CIO Business Intelligence

NOVEMBER 12, 2024

This will mean that leaders will also need to be experts in various areas such as data analysis, AI strategy, ethical assessment, and risk management. The majority (51%) of respondents believe that decision-making positions will become more niche as a result of the use of generative AI. Here, as leaders, we have a great responsibility.”

Management 100

Management Risk Management Forecasting Risk 100

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. An area of particular concern is credit risk concentration.

Risk 98

Risk Reporting Enterprise Sales 98

CIO Business Intelligence

APRIL 25, 2022

It’s no secret that companies face major hurdles and risks when it comes to global supply chains. Forecast risks before they occur. The platform allows collaboration from order management, forecasting, capacity planning, inventory and quality, to cost management. Eliminate silos, glue the chain together.

Risk 52

Risk Forecasting Machine Learning Management 52

CIO Business Intelligence

SEPTEMBER 26, 2023

But even as we remember 2023 as the year when generative AI went ballistic, AI and its ML (machine learning) sidekick have been quietly evolving over several years to yield eye-opening insights and problem-solving productivity for IT organizations. It’s called AIOps, Artificial Intelligence for IT Operations: next-generation IT management software.

IT 138

IT Key Performance Indicator Software Metadata 138

CIO Business Intelligence

JUNE 6, 2024

The transformative power of gen AI can already be seen in manufacturing, with businesses running demand forecasting based on historical data, customer buying patterns, and other factors. Naturally, genAI gained significant traction, but businesses that want to harness the true value of AI will need to dig deeper and cut through the clutter.

Cost-Benefit 82

Cost-Benefit IT Data-driven Digital Transformation 82

DataRobot Blog

JUNE 27, 2022

If the assumptions are being breached due to fundamental changes in the process being modeled, the deployed system is not likely to serve its intended purpose, thereby creating further model risk that the institution must manage. These observations would have spanned a distribution, which the model leveraged to make its forecasts.

Risk 59

Risk Modeling Metrics Measurement 59