Smart Data Collective

FEBRUARY 14, 2023

Last year, Xiafei Li and his two colleagues in China published a study in the Annals of Operations Research on the ability to forecast stock market volatility with predictive analytics models. Therefore, these metrics are likely to be used by most predictive analytics tools used to ascertain risk.

Predictive Analytics 132

Predictive Analytics Management Analytics Uncertainty 132

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. Furthermore, obtaining organisational consensus on a forecast can be as difficult as getting the organisation to contribute to the planning process in the first place.

Forecasting 98

Forecasting Finance Business Driver Key Performance Indicator 98

Jet Global

OCTOBER 8, 2020

Not only have finance teams had to close companies’ books remotely, but they’ve also been required to provide the insight and information needed for some extremely complex decision-making, and continuously plan and forecast for events with little or no historical context.

Finance 98

Finance Reporting Forecasting Metrics 98

Jet Global

MAY 11, 2021

By a significant margin, respondents identified financial planning and analysis (66%) as the finance team’s main responsibility, followed by its key elements of financial modeling (56%) and budget and forecasting (48%). COVID-19 Response & Economic Recovery Indicators. Visit insightsoftware.com for more information.

Finance 98

Finance Technology Forecasting Uncertainty 98

Jet Global

APRIL 27, 2020

In just a few short weeks, many companies’ sales forecasts have been rendered obsolete. Frequent updates based on real-time data provide an up-to-the-minute view of key metrics. Clear visibility to key metrics keeps the team focused and encourages clear, concise daily communication. Forecast Early and Often.

Forecasting 80

Forecasting Finance Metrics Risk 80

Jet Global

MARCH 27, 2020

Now that every industry is facing a prolonged period of uncertainty, having access to accurate, up-to-date information is more critical than ever. With so much uncertainty on the horizon, everyone in the construction industry needs to be at the top of their game , especially in terms of finance and accounting. Bonding Capacity.

Uncertainty 64

Uncertainty Metrics Finance Measurement 64

CIO Business Intelligence

MAY 4, 2022

He says organizations are looking to automate, streamline operations, and reduce costs to help deal with an unsettled labor market, worker shortages, inflation, and geopolitical uncertainty. Those tech investments in turn enable them to redeploy their scarce (and increasingly more costly) workers to higher-value tasks.

IT 135

IT Business Driver Reporting Uncertainty 135

bridgei2i

JULY 8, 2020

This is probably the first time ever that we are witnessing a demand, a supply, and also a resource uncertainty. In the short run, this means they have to get their demand forecast right. Effectiveness, which is, how can any form of digital information help us drive business metrics. These are strange times.

Digital Transformation 132

Digital Transformation Enterprise Insurance Risk 132

The Unofficial Google Data Science Blog

APRIL 19, 2021

To explain, let’s borrow a quote from Nate Silver’s The Signal and the Noise : One of the most important tests of a forecast — I would argue that it is the single most important one — is called calibration. If, over the long run, it really did rain about 40 percent of the time, that means your forecasts were well calibrated.

Modeling 122

Modeling IT Metrics Testing 122

CIO Business Intelligence

APRIL 12, 2023

While customers worried about the uncertainty of orders being filled, customer service representatives were required to navigate through 10 different systems and data sources for answers. Forecast accuracy has improved by almost 10%, as well. “We At times, it took days for customers to receive a reply.

IT 72

IT Uncertainty Forecasting Data-driven 72

Alation

OCTOBER 26, 2021

These include missing out on new revenue opportunities, poorly forecasting performance, and making bad investments. The glossary includes the definition of the metric and can point to the specific table containing the formula from which it is calculated. In contrast, only 36% of organizations with a weak data culture can say the same.

Finance 52

Finance Data Transformation Enterprise Metrics 52

Domino Data Lab

JUNE 2, 2019

Clearly, when we work with data and machine learning, we’re swimming in those waters of decision-making under uncertainty. Then calculate the variance divided by the mean to construct a metric for noise in decision-making. For kicks, try calculating this kind of metric within your own organization. Worse than flipping a coin!

Data Science 110

Data Science Data-driven Machine Learning Modeling 110

bridgei2i

APRIL 20, 2020

So, the COVID 19 outbreak seems to have impacted the world on an unprecedented scale, and everyone is grappling with the environment of uncertainty that it has created. Always a pleasure to talk to you. Anushruti: Likewise. What are your observations around the impact and how people are dealing with it?

Enterprise 114

Enterprise Consulting Digital Transformation Sales 114

Jet Global

SEPTEMBER 10, 2020

Living through periods of rapid upheaval and uncertainty, like the recent pandemic, forces us to adapt quickly to new working practices. Forward-looking enterprises that are achieving better outcomes have already quickly reworked forecasts on supply chains, materials, and costs. Navigating Your Transition to xP&A.

Forecasting 52

Forecasting Finance Uncertainty Sales 52

Jedox

AUGUST 20, 2020

But as the current market uncertainty continues, CFOs need to refresh their approach to achieving cash and cost transparency. With a single data repository, their data and assumptions can help CFOs and senior management to stop reacting to P&L metric movements. Let’s look at three steps on how to achieve that. Conclusion.

Uncertainty 52

Uncertainty Marketing Forecasting Finance 52

Insight

FEBRUARY 19, 2020

Photo by Roberto Nickson on Unsplash Much effort has been spent understanding and forecasting the success of movies (e.g., Building Models to Predict Movie Profitability Here I use profitability as the metric of success for a film and define profitability as the return on investment (ROI). ROI = Profit/Budget).

Risk 67

Risk ROI Modeling Metrics 67

Jet Global

NOVEMBER 16, 2021

Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. Logistics KPIs can measure a variety of metrics, most of which pertain to purchasing, warehousing, transportation, delivery of goods, and financials. How to Build Useful KPI Dashboards.

Metrics 84

Metrics Reporting Key Performance Indicator KPI 84

Jet Global

FEBRUARY 2, 2023

Due to the Infrastructure Investment and Jobs Act of 2022 in the United States, nonresidential construction is expected to continue expanding despite expected uncertainty in 2023. The Construction Products Association’s (CPA) Autumn Forecast predicts the construction market in the UK will fall by 3.9% trillion worldwide by 2030.

Uncertainty 52

Uncertainty KPI Reporting Measurement 52

Jet Global

OCTOBER 4, 2021

You measure it using three common financial metrics, namely, days of inventory (DOI), days of payables (DOP), and days sales outstanding (DSO). Although this may seem more like a financial metric, the cash to cash cycle time says a great deal about the efficiency of your supply chain management practices. #2. Perfect Order Rate.

Management 96

Management KPI Metrics Recreation/Entertainment 96

Jet Global

NOVEMBER 7, 2023

If any one word could encapsulate 2023, it would be “uncertainty.” The need for greater efficiency and more accurate forecasting led CFOs to re-evaluate the tools and processes on hand and their ability to overcome skills shortages and drive agility.

Finance 52

Finance Uncertainty Reporting Forecasting 52

Jet Global

NOVEMBER 10, 2021

Enterprise planning is transformational; it’s not just a new and improved method for business planning, but rather, a seed for cultural change that aligns organizational resources around a common set of goals, objectives, and metrics. Begin With the (Strategic) End in Mind. In enterprise planning, follow-through is equally critical.

Enterprise 52

Enterprise Recreation/Entertainment Finance Reporting 52

Jet Global

JULY 14, 2022

CFO is also a useful metric when you want to segregate sales from cash received due to normal operations. Cash Flow Forecast. Your cash flow forecast, the ultimate goal of cash flow planning, represents cash flow for your company in a given future time period, usually 12 months. It boosts revenue and earnings.

Finance 52

Finance Cost-Benefit Measurement Sales 52

Jet Global

MAY 24, 2022

Businesses around the globe are struggling to do more with less as budgets tighten, uncertainty looms, and talented workers can be scarce. Imagine that you want to look at sales forecasts, the current sales pipeline, year-to-date sales and prior years’ sales to understand how the company is performing relative to committed targets.

Finance 52

Finance Reporting Sales Software 52

Jet Global

DECEMBER 22, 2021

This may be the result of fairly predictable seasonal changes, uncertainty with respect to future sales volumes, or potential disruptions that could impact the business. In other words, it’s important to establish metrics that will indicate whether or not the plan is on track to succeed. Monitor and Adjust.

Recreation/Entertainment 52

Recreation/Entertainment Finance Reporting Software 52

Jet Global

SEPTEMBER 1, 2023

The Impact of Economic Pressure ​​​​According to ​Trimble ​Viewpoint’s Quarterly Construction Metrics Index for the first quarter of 2023, there has been a 25% decline year-over-year in contract value in North America. Market uncertainty is another important factor explaining this decline.

Finance 52

Finance Reporting Cost-Benefit Operational Reporting 52

Jet Global

MARCH 22, 2023

Generate custom reports based on key metrics and strategic goals for your company. They need to closely monitor the tax environment to recognize both potential challenges and opportunities and to remain agile in the face of uncertainty.” Integrate with Excel to retain tax agility while improving your day-to-day capabilities.

Reporting 52

Reporting Software Risk Enterprise 52

CIO Business Intelligence

JANUARY 23, 2025

That uncertainty creates a challenge for risk-averse companies that must work within budget constraints. Costs that fluctuate in ways even a CFO using advanced data-driven strategy cant fully forecast, thats a massive threat to solvency and can derail the core competencies these executives must protect, he says.

Strategy 126

Strategy Cost-Benefit ROI Risk 126

Jet Global

MARCH 28, 2025

They will not see any impact on the doctor’s prescription, as they are tracking the wrong metrics. Occupancy rate is a key metric that indicates the percentage of available rooms occupied over a specific period. These metrics gauge how well the establishment meets guest expectations, and influences repeat business and referrals.

KPI 52

KPI Metrics Measurement Reporting 52

Jet Global

MARCH 17, 2025

These inefficiencies make it difficult to align financial forecasts with real-time business conditions, leaving organizations reactive rather than proactive in their strategic planning. In fact, 82% of finance professionals cite poor data management and integration as the biggest challenge to financial reporting, forecasting, and compliance.

Finance 52

Finance Reporting Forecasting Risk 52

Jet Global

MAY 9, 2025

Whether transactional data, operational metrics, or system logs, these platforms are optimized to deliver analytical insights from structured sources. The Challenge of Capturing Human Input Modern data architectures, like Microsoft Fabric, excel in collecting and processing system-generated data.

Visualization 52

Visualization Dashboards Reporting Data Architecture 52