David Menninger's Analyst Perspectives

OCTOBER 15, 2024

Artificial intelligence-enabled business applications have advanced considerably over the past year as software providers have added a steady stream of capabilities. This includes customer facing, financial, supply chain and workforce software. Nonetheless, the reasons for taking this approach can be compelling.

Cost-Benefit 204

Cost-Benefit Risk Forecasting Software 204

Jet Global

JULY 16, 2020

Deal furthers mission to deliver powerful portfolio of enterprise software solutions for Office of the CFO; expands real-time financial reporting capabilities for top ERPs Sage and Viewpoint. The construction industry has been hit especially hard by the events of 2020, with spending in the US forecast to be down as much as 9 percent.

Software 98

Software Forecasting Uncertainty Finance 98

The Unofficial Google Data Science Blog

DECEMBER 4, 2019

by THOMAS OLAVSON Thomas leads a team at Google called "Operations Data Science" that helps Google scale its infrastructure capacity optimally. 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.

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Forecasting Data Science Statistics Uncertainty 113

Smart Data Collective

APRIL 20, 2020

Corporations need data to forecast the market’s future and the recent drop in the price of fossil fuels have invigorated alternative energy projects globally. The increased amount of equipment it takes for wind turbines and solar PV panels requires analytical software to maintain it. Effects of Analytics.

Forecasting 101

Forecasting Uncertainty Big Data Marketing 101

datapine

JANUARY 21, 2020

Business intelligence reporting, or BI reporting, is the process of gathering data by utilizing different software and tools to extract relevant insights. It is not crucial to establish a whole department to manage and implement this process – numerous presentation software can help on the way. Cost optimization.

Business Intelligence 259

Business Intelligence Reporting Cost-Benefit Dashboards 259

AWS Big Data

OCTOBER 9, 2024

We outline cost-optimization strategies and operational best practices achieved through a strong collaboration with their DevOps teams. We also discuss a data-driven approach using a hackathon focused on cost optimization along with Apache Spark and Apache HBase configuration optimization. This sped up their need to optimize.

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CIO Business Intelligence

JANUARY 15, 2024

If software vendors have their way, the answer is likely to involve more artificial intelligence. SAP draws on AI for new predictive capabilities SAP is targeting the desire for better demand forecasting with new composable tools being announced at NRF 2024.

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Sales Software Forecasting Statistics 105

Jet Global

AUGUST 25, 2020

When it comes to optimizing business performance, there’s quite a bit of jargon that gets thrown around. And an entire industry of software solutions has cropped up to help companies achieve this. Budgeting, planning, and forecasting in finance. Renewing goals or strategies based on results and incoming forecasts.

Software 96

Software Metrics Finance Key Performance Indicator 96

datapine

FEBRUARY 14, 2021

That’s why it’s critical to monitor and optimize relevant supply chain metrics. Finally, we will show how to combine those metrics with the help of modern KPI software and create professional supply chain dashboards. Try our modern logistics analytics software for 14 days, completely free! Supply Chain Costs.

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Metrics KPI Dashboards Sales 260

Smart Data Collective

MARCH 27, 2023

billion on AI in 2021 , but small businesses may spend even more on AI-driven financial management software. Many small businesses are investing in AI-driven financial management software. In this article, we look at the importance of financial software and discuss how you can use it to secure better business outcomes.

Software 103

Software Finance Cost-Benefit Data-driven 103

CIO Business Intelligence

SEPTEMBER 7, 2023

The first is forecasting, where AI is used to make predictions about downstream demand or upstream shortages. Ultimately, AI will optimize supply chains to meet specific customer needs for any given situation. In the meantime, many companies continue to reap the benefits of improved forecasting and inspection.

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Management Forecasting Manufacturing Cost-Benefit 138

datapine

JUNE 5, 2019

Business intelligence (BI) is a term that relates to the applications, infrastructure, practices, and tools that empower businesses to access a broad range of analytical data for improvement, campaign optimization , and enhanced decision-making that maximizes performance. you would often need an IT professional prepare data reports for you.

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Dashboards KPI Sales Visualization 316

CIO Business Intelligence

MARCH 22, 2022

Nvidia is hoping to make it easier for CIOs building digital twins and machine learning models to secure enterprise computing, and even to speed the adoption of quantum computing with a range of new hardware and software. Seeing double.

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Modeling Machine Learning Forecasting Optimization 144

CIO Business Intelligence

MAY 21, 2024

Grow will reimagine how AI-powered ERP software can and should serve the supply chain industries and their workers, delivering more than 200 adaptive industry use cases, it said at its Insights 2024 user conference in Nashville, Tennessee. Grow Inventory Forecasting, Grow BI, and Grow FP&A are generally available.

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Forecasting Predictive Analytics Machine Learning Data-driven 126

CIO Business Intelligence

APRIL 5, 2022

First, Optimas is using data analytics internally for a number of functions, including material acquisition for manufacturing; forecasting of production and customer demand; improving efficiency and accuracy with ordering from suppliers; and managing its inventory. Another benefit is warehouse optimization.

Analytics 145

Analytics Cost-Benefit Forecasting Manufacturing 145

CIO Business Intelligence

OCTOBER 16, 2023

According to Forrester , GenAI will have an average annual growth rate of 36% up to 2030, capturing 55% of the AI software market. It’s easy to think about these pieces of technology in two separate categories: one creates something new, the other forecasts future outcomes. What’s the difference?

Forecasting 137

Forecasting Machine Learning Software Data-driven 137

CIO Business Intelligence

FEBRUARY 13, 2024

This in turn helps optimizing fleet performance, the company said, adding that enterprises are currently facing many supply chain challenges, including component shortages, disrupted shipping routes, ever-changing global trade agreements, and volatile customer demand. billion, according to the Gartner forecast made in late 2022.

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Management Forecasting Machine Learning Business Intelligence 122

datapine

AUGUST 14, 2019

Business intelligence has developed into one of the most powerful solutions for companies that look for smart data analysis, predicting the future, and utilizing business intelligence software for generating actionable insights. Not to forget various areas of data scientists employed in, from academia to IT companies.

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Data Science Statistics Business Intelligence Visualization 214

Jedox

NOVEMBER 23, 2021

The goal is to adopt an entrepreneurial mindset, make proactive decisions and to optimally support this with a professional, fully integrated S&OP solution. 5 steps to optimize S&OP performance. Step 1 – Product portfolio optimization based on strategic company goals. Figure 3: Top-down vs. bottom-Up product planning.

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Optimization Forecasting Sales Dashboards 76

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. ISG Software Research asserts that by 2027, one-fourth of FP&A organizations will implement this form of integrated business planning.

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Forecasting Machine Learning Finance Software 130

datapine

NOVEMBER 11, 2021

1) Benefits Of Business Intelligence Software. If you are looking to enter the BI software world but don’t know which features you should look for before investing in one, this post will cover the top business intelligence features and benefits to help you make an informed decision. Benefits Of Business Intelligence Software.

Business Intelligence 213

Business Intelligence Dashboards Interactive Visualization 213

Jet Global

JUNE 18, 2019

Industries such as retail, healthcare, and manufacturing have experienced a dramatic shift thanks to the impact of big data analytics software—but let’s start by looking at what it is, first. What is Big Data Analytics Software? Big Business Needs Big Data. Manufacturing.

Big Data 75

Big Data Software Data Analytics Analytics 75

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. Forecast financial market trends.

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Predictive Analytics Analytics Predictive Modeling Forecasting 145

CIO Business Intelligence

APRIL 30, 2024

IDC forecast shows that enterprise spending (which includes GenAI software, as well as related infrastructure hardware and IT/business services), is expected to more than double in 2024 and reach $151.1 over the 2023-2027 forecast period 1. Bandwidth optimization. This optimization improves efficiency and reduces costs.

Forecasting 105

Forecasting Optimization Advertising IoT 105

David Menninger's Analyst Perspectives

NOVEMBER 12, 2024

I recently attended Infor’s Velocity Summit , designed to showcase the latest versions of its CloudSuite ERP software. Also center stage were Infor’s advances in artificial intelligence and process mining as well as its environmental, social and governance application and supply chain optimization enhancements.

Finance 130

Finance Prescriptive Analytics Cost-Benefit Manufacturing 130

datapine

JUNE 15, 2023

On the contrary, organizations that fail to implement online data analysis tools to track and optimize their performance will simply stay behind. Try our professional reporting software for 14 days, completely free! This time, including valuable forecasts for costs and income. What Is The Importance of Performance Reports?

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Reporting Dashboards Cost-Benefit Sales 207

Smart Data Collective

OCTOBER 13, 2021

Patterns, trends and correlations that may go unnoticed in text-based data can be more easily exposed and recognized with data visualization software. How is Data Virtualization performance optimized? The ROI is obtained by savings in the cost of hardware, software, storage, development and maintenance.

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Visualization Cost-Benefit Big Data Prescriptive Analytics 141

David Menninger's Analyst Perspectives

OCTOBER 30, 2024

Oracle announced significant updates to its Fusion Cloud Supply Chain & Manufacturing (SCM) software at the recently held Oracle Cloud World. Like most SCM software providers, AI and GenAI have a prominent place on Oracle’s product roadmap because of the technology’s potential to improve performance and lower costs.

Management 130

Management IT Sales Manufacturing 130

CIO Business Intelligence

JULY 2, 2024

Software incorporating observability technology, enabled by generative AI, allows an error message to be visually traced back to its source along with recommended steps to address the cause. Complex business decisions, such as fraud detection and price optimization, can now be made in real-time based on huge amounts of data,” Liddle states.

IT 143

IT Machine Learning Cost-Benefit Software 143

datapine

AUGUST 26, 2020

Here, we explore enterprise dashboards in more detail, looking at the benefits of corporate dashboard software as well as a mix of real industry examples. Try our professional dashboard software for 14 days, completely free! Legacy spreadsheet software complicates your life. 1) Dashboards are simple.

Dashboards 168

Dashboards Enterprise Visualization Data-driven 168

CIO Business Intelligence

OCTOBER 24, 2024

in 2025, but software spending — four times larger than the data center segment — will grow by 14% next year, to $1.24 The software spending increases will be driven by several factors, including price increases, expanding license bases, and some AI investments , says John Lovelock, distinguished vice president analyst at Gartner. “We

IT 133

IT Data-driven Recreation/Entertainment Experimentation 133

CIO Business Intelligence

NOVEMBER 14, 2022

These DSS include systems that use accounting and financial models, representational models, and optimization models. Components of a decision support system According to Management Study HQ , decision support systems consist of three key components: the database, software system, and user interface. DSS software system.

Data mining 144

Data mining Data-driven Statistics OLAP 144

Smart Data Collective

DECEMBER 22, 2021

Research on the best possible data-driven software applications for your company. For example, a construction business can utilize project management software with sophisticated AI and data analytics algorithms to help lower the risk of construction projects going awry. Data analytics is especially useful for UX optimization.

Big Data 142

Big Data Data mining Data-driven Predictive Analytics 142

CIO Business Intelligence

MAY 12, 2022

But there are deeper challenges because predictive analytics software can’t magically anticipate moments when the world shifts gears and the future bears little relationship to the past. Most tools offer visual programming interfaces that enable users to drag and drop various icons optimized for data analysis.

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Predictive Analytics Analytics Statistics Machine Learning 137

CIO Business Intelligence

JULY 5, 2022

Predictive analytics is the use of techniques such as statistical modeling, forecasting, and machine learning to make predictions about future outcomes. The suite of tools included a digital value stream map, safety stock optimizer, inventory corridor report, and planning cockpit. What are the benefits of business analytics?

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Business Analytics Prescriptive Analytics Data mining Diagnostic Analytics 136

CIO Business Intelligence

JUNE 18, 2024

Some organizations have been using traditional AI with ERP systems for years, for example, for forecasting market trends or optimizing supply chains. Customers want AI Executives at NILG.AI, an AI training and development firm, and VAI, an ERP software developer, see a rising demand for the pairing of AI with ERP systems.

Enterprise 134

Enterprise Forecasting Unstructured Data Reporting 134

datapine

OCTOBER 11, 2023

Being able to inform your strategies with actual facts instead of intuition will enable you to optimize your resources and ensure you are continuously improving. Explore our modern KPI software for 14 days, completely free! Explore our modern KPI software for 14 days, completely free!

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Metrics KPI Management Cost-Benefit 217