SAP recently announced its new Fraud Management analytic applications. Currently in “controlled” (limited) release, it’s a promising start for the product and a good example of the type of business process revolution that’s possible when companies can execute complex analytics on big data sets using in-memory and other advanced processing techniques. Over the next several years a wide swath of basic corporate processes will be transformed by the shift to in-memory processing and big data...
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Topics:
SAP,
Fraud,
Governance,
GRC,
Office of Finance,
audit,
Analytics,
Business Analytics,
Business Performance,
Financial Performance,
Governance, Risk & Compliance (GRC),
compliance,
Risk,
HANA
Organizations succeed through continuous planning to achieve high levels of performance. For most organizations planning is not an easy process to conduct. Planning software is typically designed for only a few people in the process, such as analysts, or organizations might use spreadsheets, which are not designed for business planning across an organization. Most technologies only allow you to examine the past and not plan for the future. For decades organizations have tried to focus planning...
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Topics:
Big Data,
Sales Performance,
Supply Chain Performance,
Mobile Technology,
Operations,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Performance,
Cloud Computing,
Cloudera,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Workforce Performance,
Business Planning,
CFO,
finance,
Tidemark,
Workday
Cloud computing has given business a new way to improve the effectiveness of business processes and ultimately the outcomes of their efforts. In the last five years, business across marketing, customer service, sales, human resources, finance and other areas have embraced the practice of renting access to the applications and technology they need when they need them. Organizations’ use of operational expense budgets helps them get what they need and avoid IT politics or standards that impeded...
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Topics:
Big Data,
Sales Performance,
Social Media,
Supply Chain Performance,
Mobile Technology,
Operational Performance,
Business Analytics,
Business Collaboration,
Business Performance,
CIO,
Cloud Computing,
Customer & Contact Center,
Financial Performance,
Information Management,
Workforce Performance,
Business Applications
This is annual report season, the time of year that a majority of European and North American corporations issue glossy paper documents aimed at investors, customers, suppliers, existing and prospective employees as well as the public at large. (Some countries have different conventions; in Japan, for instance, most companies are on a March fiscal year.) In reviewing some of the annual reports that are available on the Web, I was struck by the absence of advanced reporting technology used on...
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Topics:
Office of Finance,
extended close,
US-GAAP,
XBRL,
Analytics,
Business Performance,
Financial Performance,
Governance, Risk & Compliance (GRC),
CFO,
compliance,
financial reporting,
SEC,
Digital Technology
This year’s Inspire, Alteryx’s annual user conference, featured new developments around the company’s analytics platform. Alteryx CEO Dean Stoecker kicked off the event by talking about the promise of big data, the dissemination of analytics throughout the organization, and the data artisan as the “new boss.” Alteryx coined the term “data artisan” to represent the persona at the center of the company’s development and marketing efforts. My colleague Mark Smith wrote about the rise of the data...
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Topics:
Predictive Analytics,
Sales Performance,
Tableau,
alteryx,
Absolute Data,
data artisan,
Operational Performance,
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
Cloud Computing,
Customer & Contact Center,
Data Integration,
Information Applications,
Operational Intelligence
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Topics:
Big Data,
Sales Performance,
Supply Chain Performance,
Kapplets,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Customer & Contact Center,
Information Applications,
Information Management,
Information Optimization,
Kapow
One of the most important IT trends over the past decade has been the proliferation of ever wider and deeper sets of information sources that businesses use to collect, track and analyze data. While structured numerical data remains the most common category, organizations are also learning to exploit semistructured data (text, for example) as well as more complex data types such as voice and image files. They use these analytics increasingly in every aspect of their business – to assess...
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Topics:
Planning,
Predictive Analytics,
Customer,
Human Capital Management,
Office of Finance,
Budgeting,
close,
closing,
Finance Analytics,
PRO,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Performance,
Cloud Computing,
Financial Performance,
CFO,
Risk,
costing,
FPM,
Profitability
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Topics:
Big Data,
Sales Performance,
Social Media,
Mobile Technology,
Vitria,
IT Performance,
Operational Performance,
Business Analytics,
Business Intelligence,
Business Performance,
Cloud Computing,
Complex Event Processing,
Customer & Contact Center,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Information Management,
Location Intelligence,
Operational Intelligence
I’m wondering whether the rapid rise in earnings restatements by “accelerated filers” (companies that file their financial statements with the U.S. Securities and Exchange Commission that have a public float greater than $75 million) over the past three years is a significant trend or an interesting blip. According to a research firm, Audit Analytics, that number has grown from 153 restatements in 2009 to 245 in 2012, a 60 percent increase. What makes it a blip is that the total is still less...
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Topics:
Customer Experience,
Governance,
GRC,
Office of Finance,
Reporting,
audit,
close,
Consolidation,
Controller,
Tax,
XBRL,
Business Performance,
Financial Performance,
Governance, Risk & Compliance (GRC),
CFO,
compliance,
FPM,
SEC
SAS Institute held its 24th annual analyst summit last week in Steamboat Springs, Colorado. The 37-year-old privately held company is a key player in big data analytics, and company executives showed off their latest developments and product roadmaps. In particular, LASR Analytical Server and Visual Analytics 6.2, which is due to be released this summer, are critical to SAS’ ability to secure and expand its role as a preeminent analytics vendor in the big data era.
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Topics:
Big Data,
Sales Performance,
SAS,
Supply Chain Performance,
LASR,
Operational Performance,
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
Customer & Contact Center,
Financial Performance,
Location Intelligence,
Operational Intelligence,
SAS institute