Markets have been more volatile than ever. It creates a need for decision makers to utilize technologies such as artificial intelligence and machine learning (AI/ML) to better understand the external factors that impact their business. By identifying these factors, organizations can better plan for changing market environments and seize market opportunities. However, manual modeling is a time-consuming process and results in a limited number of models and tests. Also, updating those models is slow and laborious. With the addition of market volatility, it creates multiple challenges for CFOs, managers and financial planning specialists. With limited exposure to external drivers of demand and delivery, the process becomes very costly. Developing accurate forecasts requires integrating exogenous data with the internal performance data, but it’s challenging to find quality external data and then get that raw data clean enough to input into any model. My colleague, Robert Kugel, recently shared his perspective on using external data for forecasting, budgeting and planning to enhance predictive capabilities.
Topics: embedded analytics, Analytics, Business Intelligence, AI & Machine Learning
Ventana Research recently announced its 2023 Market Agenda for Analytics, continuing the guidance we have offered for nearly two decades to help organizations derive optimal value from technology investments to improve business outcomes.
Topics: embedded analytics, Analytics, Business Intelligence, Data, Digital Technology, natural language processing, Process Mining, Analytics & Data, Collaborative & Conversational Computing
I’m proud to share Ventana Research’s 2023 Market Agenda for Digital Technology. Our focus in this agenda is to deliver expertise to help organizations prioritize technology investments that improve customer, partner and workforce experiences while also increasing organizational effectiveness and agility.
Topics: Analytics, Cloud Computing, Internet of Things, Data, Digital Technology, blockchain, AI and Machine Learning, mobile computing, extended reality, robotic automation, Collaborative & Conversational Computing