IBM Planning Analytics with Watson is a comprehensive, cloud-based business planning application that supports what Ventana Research calls integrated business planning. We coined this term in 2007 to describe a high-participation approach to business planning that integrates strategy, operations and finance. Our Next Generation Business Planning Benchmark Research demonstrated the value of IBP: Organizations that link planning processes get better results. Sixty-six percent of organizations...
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Topics:
Predictive Analytics,
Office of Finance,
business intelligence,
embedded analytics,
Business Planning,
Financial Performance Management,
Watson,
Digital transformation,
AI & Machine Learning,
profitability management
Ventana Research awarded our Governance, Risk and Compliance (GRC) Business Innovation Award for 2016 to IBM for IBM Regulatory Compliance Analytics, powered by Watson (IRCA). This application of cognitive analytics is designed to streamline the identification of potential regulatory requirements and suggest methods for compliance. In so doing the cloud-based system can cut the time and cost of compliance while creating an effective means of ongoing management and control of compliance...
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Topics:
GRC,
Machine Learning,
Office of Finance,
Dodd-Frank,
Risk Analytics,
compliance,
finance,
Financial Services,
Watson,
IBM Regulatory Compliance Analytics
IBM’s Big Data and Analytics Analyst Insights conference started me thinking about the longer-term potential impact of big data and related technologies on business management. I covered some of the near-term uses of big data and analytics in an earlier perspective. There are numerous uses of big data that can provide incremental improvements to existing processes and practices. Some of these will have a significant impact on changing business models, enabling new classes of products and...
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Topics:
Big Data,
Planning,
Predictive Analytics,
Operational Performance Management (OPM),
Management,
Budgeting,
Analytics,
Business Analytics,
Business Collaboration,
IBM,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Information Management (IM),
decision,
FPM,
Watson
IBM hosted the Big Data and Analytics Analyst Insights conference in Toronto recently to emphasize the strategic importance of this topic to the company and to highlight recent and forthcoming advancements in its big data and analytics software. Our firm followed the presentations with interest. My colleagues Mark Smith and Tony Cosentino have commented on IBM’s execution of its big data strategy and its approach to analytics. As well, Ventana Research has conducted benchmark research on ...
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Topics:
Big Data,
Office of Finance,
Operational Performance Management (OPM),
MRO,
Analytics,
Business Analytics,
Business Intelligence,
IBM,
Operational Intelligence,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
FPM,
Maximo,
TM1,
Watson