Ventana Research recently published the findings of our benchmark research on Data Preparation, which examines the practices organizations use to accomplish data preparation. We view data preparation as a sequence of steps: identifying, locating and then accessing the data; aggregating data from different sources; and enriching, transforming and cleaning it to create a single uniform data set. Using data to accomplish organizational goals requires that it be prepared for use; to do this job...
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Topics:
Big Data,
Analytics,
Data Preparation
For several years, I’ve commented on a range of emerging technologies that will have a profound impact on white-collar work in the coming decade. I’ve now coined the term “Robotic finance” to describe this emerging focus, which includes four key areas of technology: Artificial intelligence (AI) and machine learning (ML), robotic process automation (RPA), bots utilizing natural language processing, and blockchain distributed ledger technology (DLT), each of which I describe below. Robotic...
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Topics:
ERP,
Machine Learning,
close,
Consolidation,
Continuous Accounting,
Reconciliation,
CFO,
Robotic Process Automation,
blockchain,
AI,
natural language processing,
Accounting,
RPA,
bots,
voice automation
Robotic process automation (RPA) relies on programming or the application of analytical algorithms to execute the most appropriate action in an automated workflow. RPA enables business users to configure a “robot” (actually, computer software) to interact with applications or data sources to process a transaction, move or manipulate data, communicate with other digital systems and manage machine-to-machine and man-to-machine interactions. This technology is gaining increasing notice by finance...
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Topics:
Operations,
automation,
close,
closing,
Continuous Accounting,
finance,
banking,
Robotic Process Automation,
Accounting
2017 has been a year of major changes in the contact center market: several significant acquisitions, vendors expanding their capabilities to support more channels of engagement, a continued trend to move products to the cloud and, as a result, more vendors expanding their global presence. One such vendor is NewVoiceMedia. When I last wrote about the company I pointed out that when it was founded in 2000 it was one of the first vendors to move telephony management to the cloud and offer contact...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Feedback Management,
Customer Service,
Contact Center,
Omnichannel,
Customer Journey Maps,
Workforce Optimization
I recently attended SAP TechEd in Las Vegas to hear the latest from the company regarding its analytics and business intelligence offerings as well as its data management platform. The company used the event to launch SAP Data Hub and made several other data and analytics announcements that I’ll cover below.
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Topics:
Big Data,
SAP,
Machine Learning,
Analytics,
Data Preparation,
SAP TechEd
Prophix is an established provider of financial performance management (FPM) software for planning and budgeting, forecasting, analysis and reporting, and managing the financial close and consolidation process. Its eponymous software is designed specifically for midsize companies or midsize divisions of larger corporations. These organizations are a distinctive segment of the market in that they have almost all the functional requirements of large enterprises but have fewer resources to apply...
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Topics:
Planning,
Office of Finance,
Reporting,
Budgeting,
Consolidation,
Continuous Planning,
Analytics,
Business Intelligence,
Collaboration,
Financial Performance Management,
Integrated Business Planning,
accounting close,
Price and Revenue Management,
Work and Resource Management,
Sales Planning and Analytics
2017 has been a year of major changes in the contact center market. There have been more acquisitions than in any year I can remember. There have also been more partnerships announced, which have at least in part been enabled by the advance of cloud-based systems. The move to the cloud has continued apace, along with the addition of new capabilities that allow employees to access systems from mobile devices. Vendors have of course announced many updates to existing systems, as well as exciting...
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Topics:
Customer Analytics,
Customer Engagement,
Customer Experience,
Customer Service,
Contact Center,
Omnichannel,
Workforce Optimization
I’m thrilled to announce to my HCM vendor and practitioner network as well as the ever-expanding Ventana Research community that I’m now directing Ventana’s HCM practice. I will be working closely with our CEO and Chief Research Officer Mark Smith, who is a fellow HCM enthusiast and thought leader.
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Topics:
Big Data,
Data Science,
Mobile,
Human Capital Management,
Machine Learning,
Learning Management,
Analytics,
Cloud Computing,
Collaboration,
Internet of Things,
HRMS,
Workforce Management,
Payroll Optimization,
Customer Digital Technology
Oracle OpenWorld is a fall event that sprawls over a lot of territory – figuratively in terms of the IT landscape and, if you’re in San Francisco, literally. My focus here is on the ERP portion of the company’s software portfolio.
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Topics:
Office of Finance,
Recurring Revenue,
Cloud Computing,
asc 606,
Enterprise Resource Planning,
ERP and Continuous Accounting,
revenue recognition
From my perspective, supply chain management (SCM) and sales and operations planning (S&OP) are two of the most underappreciated disciplines of modern corporate management. Properly applied, they can improve performance and competitiveness by increasing customer satisfaction and reducing costs. A combination of more capable information technology with advances in operations research and analytics has made managing supply and demand chains potentially more impactful by making them more flexible...
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Topics:
ERP,
Kinaxis,
Supply Chain Planning,
Analytics,
SCM,
S&OP,
Sales and Operations Planning,
warehouse management,
purchasing,
inventory management