I coined the term “cryptic data” to mean information that isn’t easy to find or access by people who could make use of it. In one instance, cryptic data offers professional investors – portfolio managers and securities analysts – a source of proprietary information that can improve their ability to pick stocks and achieve superior performance relative to their benchmarks. Automation through technology now makes collecting cryptic data substantially more efficient than manual methods and thus...
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Topics:
Big Data,
Analytics,
Business Analytics,
Business Performance,
Financial Performance,
Uncategorized
The evolutionary pace of technologies that shape the design of ERP systems has been accelerating over the last couple of years. In addition to cloud computing there is the increasing availability of analytics and reporting integrated into transaction processing systems, which I have noted; support for mobile users; in-context collaboration; and more intuitive user interface (UI) design. Each of these features enhances productivity and the usefulness of ERP software in managing a business. The...
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Topics:
Human Capital Management,
Mobile Technology,
Customer Performance,
Business Collaboration,
Business Performance,
Financial Performance,
Uncategorized
Businesses and their human resource organizations feel pressure to maximize the value of their human capital in today’s intensely competitive world. Many have made or considered investments in new applications that better exploit information to efficiently recruit, engage and retain the best talent. Advanced applications not only advance these processes but also help management assess the performance of the workforce and compensate individuals fairly so that they advance their careers and find...
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Topics:
Big Data,
Predictive Analytics,
Governance,
HCM, HR, HRMS, Workforce Management, Learning Mana,
Human Capital,
Mobile Technology,
Wearable Computing,
Customer Performance,
Business Analytics,
Business Collaboration,
Business Performance,
Cloud Computing,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Management,
Uncategorized,
Financial Performance Management (FPM)
I recently attended the SAS Analyst Summit in Steamboat Springs, Colo. (Twitter Hashtag #SASSB) The event offers an occasion for the company to discuss its direction and to assess its strengths and potential weaknesses. SAS is privately held, so customers and prospects cannot subject its performance to the same level of scrutiny as public companies, and thus events like this one provide a valuable source of additional information.
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Topics:
Big Data,
Predictive Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Performance,
Information Applications,
Information Management,
Uncategorized
Technology innovation is accelerating faster than companies can keep up with. Many feel pressure to adopt new strategies that technology makes possible and find the resources required for necessary investments. In 2015 our research and analysis revealed many organizations upgrading key business applications to operate in the cloud and some enabling access to information for employees through mobile devices. Despite these steps, we find significant levels of digital disruption impacting every...
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Topics:
Big Data,
Predictive Analytics,
Sales Performance,
Supply Chain Performance,
Governance,
Mobile Technology,
Operational Performance Management (OPM),
Customer Performance,
Operational Performance,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Performance,
Cloud Computing,
Financial Performance,
Governance, Risk & Compliance (GRC),
Information Applications,
Information Management,
Location Intelligence,
Operational Intelligence,
Uncategorized,
Workforce Performance,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Information Optimization,
Sales Performance Management (SPM)
Financial planning and analysis (FP&A) is one of the core functions of any finance department. Preparing a budget, measuring performance to financial objectives and forecasting the company’s financial position are three of the main tasks for the FP&A organization within Finance. A key challenge for today’s FP&A organization is increasing the business value and relevance of budgeting and planning. To do so, FP&A must transform the processes from a static, rear-view mirror approach to a...
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Topics:
Analytics,
Business Performance,
Financial Performance,
Uncategorized
Using information technology to make data useful is as old as the Information Age. The difference today is that the volume and variety of available data has grown enormously. Big data gets almost all of the attention, but there’s also cryptic data. Both are difficult to harness using basic tools and require new technology to help organizations glean actionable information from the large and chaotic mass of data. “Big data” refers to extremely large data sets that may be analyzed computationally...
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Topics:
Big Data,
Data Science,
Planning,
Predictive Analytics,
Sales Performance,
Social Media,
Supply Chain Performance,
FP&A,
Human Capital,
Marketing,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
Connotate,
cryptic,
equity research,
Finance Analytics,
Kofax,
Statistics,
Operational Performance,
Analytics,
Business Analytics,
Business Performance,
Financial Performance,
Business Performance Management (BPM),
Datawatch,
Financial Performance Management (FPM),
Kapow,
Sales Performance Management (SPM)
The imperative to transform the finance department to function in a more strategic, forward-looking and action-oriented fashion has been a consistent theme of practitioners, consultants and business journalists for two decades. In all that time, however, most finance and accounting departments have not changed much. In our benchmark research on the Office of Finance, nine out of 10 participants said that it’s important or very important for finance departments to take a strategic role in...
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Topics:
Big Data,
Planning,
Predictive Analytics,
Social Media,
Governance,
GRC,
Human Capital,
Mobile Technology,
Office of Finance,
Budgeting,
close,
Continuous Accounting,
Continuous Planning,
end-to-end,
Tax,
Tax-Datawarehouse,
Analytics,
Business Analytics,
Business Collaboration,
Business Performance,
CIO,
Cloud Computing,
Financial Performance,
In-memory,
Uncategorized,
CFO,
CPQ,
Risk,
CEO,
Financial Performance Management,
FPM
Aria Systems provides companies with software for managing subscription or recurring revenue business models. A recurring revenue business models includes three types of selling and billing structures: a one-time transaction plus a periodic service charge; subscription-based services involving periodic charges; or a contractual relationship that charges periodically for goods and services. Aria’s cloud-based software addresses key requirements of users in the marketing, sales, operations and...
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Topics:
SaaS,
Sales,
Sales Performance,
Customer Engagement,
Customer Experience,
ERP,
Marketing,
NetSuite,
Office of Finance,
Recurring Revenue,
customer life cycle,
Customer Performance,
Operational Performance,
Business Analytics,
Business Performance,
Cloud Computing,
Customer Service,
Financial Performance,
Business Performance Management (BPM),
Sales Performance Management (SPM),
billing software
A new company has emerged in the market for real-time analytics software. Anodot came out of stealth mode in late 2015 with $3 million in funding. It is led by three founders: CEO David Drai, whose company Cotendo was acquired by networking company Akamai Technologies in 2012; Ira Cohen, chief data scientist, who previously held that position at Hewlett-Packard; and Shay Lang, who serves as VP of R&D. Unlike most vendors in the space, the company is delivering anomaly detection and operational...
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Topics:
Big Data,
Predictive Analytics,
Operational Performance Management (OPM),
Analytics,
Business Analytics,
Business Intelligence,
Business Performance,
Cloud Computing,
Internet of Things,
Operational Intelligence,
Uncategorized