In using Enterprise Planning & Budgeting Cloud Service (EPBCS) to support annual budgeting and forecasting processes, organizations are choosing solutions that allow them to leverage the financials, projects, capital and workforce business processes necessary to provide a driver-based solution that links expected intake to revenues and costs. In turn, they are able to more efficiently produce integrated income statements, balance sheets and cash flow statements.
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Chess as a metaphor for strategic competition is not a novel concept, and it remains one of the most respected due to the intellectual and strategic demand it places on competitors. The sheer combination of moves in a chess game (estimated to be more than the number of atoms in the universe) means that it is entirely possible that no two people have unintentionally played the same game. Of course, many of these combinations result in a draw and many more set a player down the path of an inevitable loss after only a few moves. It is no surprise that chess has pushed the limits of computational analytics which in turn has pushed the limits of players. Claude Shannon, the father of information theory, was the first to state the advantages of the human and computer competitor attempting to wrest control of opposing kings from each other:
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More and more Oracle customers are finding value in federating their EPM cubes with existing relational data stores such as data marts and data warehouses (for brevity, data warehouse will refer to all relational data stores). This post explains the concept of federation, explores the consequences of allowing hierarchical structures to get out of synchronization, and shares options to enable this synchronization.
Master Data Management (MDM), as a concept, has drawn a great deal of interest from departments heavily invested in several Business Intelligence (BI) and Enterprise Performance Management (EPM) applications. MDM promises a utopian management center, a one-stop shop solution for master and metadata of quickly changing BI and EPM systems. Beyond the easier user interface to make numerous changes, MDM, as a purpose built tool, features the ability to create data governance workflows, auditing, and archiving processes. From an information technology (IT) perspective the final idea is that the MDM software will act as a central hub for all application administrators and designated business power users. The tool will seamlessly integrate into a current production process and feed the individual applications based on each systems native format to feed in changes or rebuild structures (think dimension load rules in Essbase).