Tag: predictive analytics

The pace of technology change keeps accelerating, not just in the manufacturing sector, but across industry sectors globally. Machines are faster, more powerful and more sophisticated than ever, and this trend shows no signs of easing off. However, for many reasons, South African industrial equipment and machinery (IM&E) manufacturers have been slow to adopt some of the latest technology, relying instead on old models. In doing so, they run the risk of falling behind their regional and global counterparts.

While the internal audit function has undergone significant transformation, the rapid pace of change is only set to accelerate in the foreseeable future. I shed some light on some key industry trends that have emerged, and the some key areas of transformation we can expect to see defining the sector over the next five years.

It’s time for Small and Medium Enterprises (SMEs) to recognise that using data and analytics is not as scary or expensive as they may think - and that the benefits can be significant.

As CFOs take on a more strategic role, other functions are increasingly looking to finance for near real-time and more accurate forecast reporting to make more informed business decisions. Although historical reporting remains relevant, organisations are looking to the finance role for instant guidance amid changing market dynamics.

Digital transformation is changing the ways businesses operate throughout the world. New technologies like cloud computing, artificial intelligence (AI), machine learning, and predictive analytics, already have had a profound impact on the world’s economies and continue to disrupt industries.

Putting a monetary value on organisational data is a daunting task considering how integrated it has become to overall business success. It is an invaluable asset that provides insight for a company to grow and enhance its competitive advantage and operate more efficiently.

Despite the current wave of excitement around the importance of analytics within the modern enterprise, BI and analytics have dominated analyst hype lists for...

The legal profession is at a crossroads, facing both technological and business model disruption.