The Top Two Considerations for Migrating Your SAP Finance Operations to SAP S/4HANA
Finance is core to your business, and migrating your finance operations to SAP S/4HANA is among the most crucial transitions you can make. While a change like this is ultimately the best move for your organization, we recognize that the process can feel overwhelming. Here at Precisely, we talk to many SAP customers that feel […]
Data Integration 101: What It Means and Why It’s Important
Leveraging data integration for vital insights How can business intelligence analyses be effectively conducted on data that comes from many different sources and locations, each with its own unique formatting standards? Solving that problem is what data integration is all about. Enterprises today generate huge amounts of data in their daily operations. Some of it […]
How ERP Data Entry Requirements Lead to Data Quality Issues
ERP data systems are the backbone of all but the smallest companies. At the core of an ERP system is the “general ledger” or accounting system that tracks all of a company’s financial aspects – and virtually everything has an impact on your financials. Marketing and selling a product has an impact; purchasing raw materials […]
The Hidden Costs of Big Data
How much does big data cost? There are two ways to answer that question: The simplistic way, which looks only at surface-level big data costs, and the comprehensive way, which factors in the “hidden costs of big data” as well. What are the hidden costs of big data, you ask? Keep reading for an overview […]
4 Building Blocks of Data Integrity
Digital transformation is opening doors to new possibilities through data-driven innovation. At the heart of this revolution lies a proliferation of connected devices, along with vastly improved capabilities for collecting, storing, manipulating, and analyzing data. For organizations that wish to unleash the potential of all their data and achieve their digital transformation objectives, data integrity […]
Three Important Considerations for Data Integrity
According to Gartner Research, the average financial impact of poor data quality on organizations is $9.7 million per year. Enterprises are putting a greater focus on data integrity than ever before. The volume and velocity of the data available to decision-makers continue to rapidly increase. Data management – and particularly data integrity – are evolving […]
A Chief Data Officer’s 4 Imperatives for Achieving Data Intelligence and Driving Transformation
Data is one of the most valuable assets that a business can have in their digital transformation journey. It’s so important, that corporations will eventually formally recognize data as an asset on corporate balance sheets, alongside hard assets like real estate or inventory, and intangibles such as intellectual property or goodwill. It’s only natural, then, […]
Integrating Structured and Unstructured Data in the Cloud
Historically, when business users talked about data and data analytics, they were referring to structured data. There are two reasons for this. The first is that in the past, the most important information available to businesses was generally structured. It included things like customer master records, demographic data, sales orders, inventory records, purchasing transactions, and […]
The Most Popular Data Engineering Tools
In this article, we’ll explore the role of the data engineer and the most popular data engineering tools available today. The role of data engineer As they’ve begun to realize how valuable the data housed in their computer systems can be, many companies are embarking on data science initiatives to develop innovative ways of leveraging […]
How to Clean Up Your Data for Anti-Money Laundering (AML) Compliance
How big a problem is money laundering? Experts estimate that every year, criminal enterprises launder between $500 billion and $1 trillion through legitimate businesses. Any economic impact that large sends repercussions throughout the global economy, which is why anti-money laundering compliance is essential. Firms throughout financial services are required to store data at scale and carefully […]
Don’t Bring Old Problems to Your Data Lake
Businesses are moving to data lakes in the cloud for a number of good reasons. First, companies are dealing with more diverse data sources than ever, and much of that information comes from cloud-based sources. Cloud storage and analytics are highly scalable. Second but arguably more importantly, the cloud is ideal for advanced analytics because […]
Top Trends Influencing Data Driven Business Success in 2022 – Part I
As cloud-enabled analytics empower companies to crunch through higher volumes of data faster than ever before, business leaders are discovering ways to drive tangible value for information integration with new business cases. Data analytics have reached a tipping point, as businesses are seeing greater opportunities for strategic insights and going beyond tactical benefits to drive […]