Our project with SAP
Categories
- "New Web" and enterprise computing (29)
- A Rare Medium Well-Done (5)
- AI, ML (5)
- Analyst Cam (143)
- Analytics, Big Data (22)
- April Fool's Day (3)
- Burning Platform (82)
- Burning Questions (21)
- Business as Unusual (1)
- Business Process "Angioplasty" (52)
- Cloud Computing (7)
- Cloud Computing, SaaS (347)
- Cloud Pioneers: Guest Column Series (1)
- Compliance (SOX, others) (35)
- Digital transformations (12)
- Diversity Inclusion (3)
- Emerging technologies (48)
- Energy trends (3)
- Enterprise Software (IBM, Microsoft, Oracle, SAP) (980)
- Enterprise Software (Open Source) (59)
- Enterprise Software (other vendors) (234)
- Enterprise Software Negotiations/Best Practices (162)
- Food and Drink (1)
- Future of Work (27)
- Global and Vertical extensions (93)
- Globalization and Technology (313)
- Industry analysts (Gartner, Forrester, AMR, others) (136)
- Industry Commentary (1657)
- Innovative Business Uses of Technology (307)
- Innovative Business Uses of Technology (324)
- Leadership during Crisis (18)
- Little to do with IT, but interesting! (503)
- M&A in Technology (15)
- Micro-Capitalism (1)
- New Normal COVID-19 (104)
- Offshoring (other vendors) (74)
- Offshoring (TCS, Infosys, Wipro, Cognizant) (132)
- Offshoring Negotiations/Best Practices (122)
- Outsourcing (Business Process - BPO) (93)
- Outsourcing (IBM, Accenture, EDS) (167)
- Outsourcing (other vendors) (69)
- Outsourcing Negotiations/Best Practices (128)
- People Commentary (115)
- SAP Business as Unusual (16)
- SAP Nation Book (37)
- SAP Nation, the book (18)
- Servitization (6)
- Silicon Collar (49)
- Social Networks (3)
- Sports (2)
- Supply chains (12)
- Sustainability, Green Computing (25)
- Tech Marathoners series (9)
- Telecommunications (193)
- The "Cloud Pioneers" Guest Series (10)
- The New Polymath (8)
- The New Technology Elite (9)
- The Real Deal: Guest Columnist (66)
- Travel (3)
- Venture Capital/Private Equity (40)
- Vertical Markets (Banking, Retail etc) (152)
- Google
Recent Comments
- Barb Dossetter on Gartner and Oracle: Why I am missing their major events this week
- Dhinchcliffe on Burning Platform: Sustaining Digital Transformations
- vinnie on Burning Platform: Generational Shift in Content creation, distribution and consumption – Part 1
- Paul Greenberg on Burning Platform: Generational Shift in Content creation, distribution and consumption – Part 1
- andrew moore on The (Cloud) Bastards say, Welcome
- CI Analytics on What if gas cost $ 5,000 a gallon and your fuel tank leaked?
- Simon Griffiths on Burning Platform: The end of ERP?
- Bala Grim on Zoho One evolves at rapid clip
- Kris on Enterprise La La Land
- ERP Cloud Training on New Normal: A conversation with Bruce Bond of Common Ground Committee
Rear View Mirror Driving
The latest Hackett Book of Numbers confirms it
"Despite a market environment where missed earnings projections can lead to sharp stock declines, CFO firings, or worse, most companies fail to accurately forecast earnings and sales" 2 out 3 companies miss the next quarter's forecast by between 6 and 30%." That's just the next quarter!!
In the meantime, fellow EI Charlie Bess and I are having a discussion around the massive amounts of data being generated by sensors, RFID tags and GPS devices in what I called the LARTE - Location Aware Real Time Enterprise. And the need for much more sophisticated data mining and pattern recognition technology.
Back in the CFO world, ERP vendors continue pitching their customers Hyperion and Business Objects - tools that have been around for eons. Is it not time to look at different predictive analytical tools, and may be even prediction markets leveraging the wisdom of crowds? Surely they would do as good a job with the next quarter's forecast?
February 15, 2008 in Industry Commentary | Permalink