When considered at all, unintended consequences are expected to be negative. As enterprises and institutions rush to adopt artificial intelligence and generative AI, the focus is on the potentially unforeseen—and unforecastable—unfavorable outcomes. However, one very likely positive impact of AI investments in business computing is the near-effortless availability of consistently reliable data for whatever task is at hand. This is coming about because of the need to have large, relevant data...
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Topics:
Office of Finance,
Analytics,
Business Planning,
digital finance
The subscription and recurring revenue business models became a significant part of the economy this century with the advent of streaming services for entertainment and software as a service. They have grown in popularity because they enhance customer lifetime value by evolving what had previously been a one-time-sale relationship into a delivery of ongoing services, which can create a more loyal customer relationship as well as provide a regular, more predictable revenue stream.
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Topics:
Office of Finance,
ERP and Continuous Accounting,
digital finance,
Consolidate and Close Management
Field service is an often-overlooked area of the service equation, in part because managing its operations involves tools and activities outside of normal contact center models. Field service has a communications component, which is partly handled by contact centers. However, the bulk of field service management activity has to do with organizing the work of technicians and dispatchers. It also requires constant attention to informational resources about products, assets, locations, real-time...
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Topics:
Customer Experience,
Contact Center,
Field Service,
Generative AI,
Augmented Reality,
AR