Data + Context = Business Intelligence

Leo Sadovy
Leo Sadovy|May 13, 2011

“Our performance last month was 46.” Oh, you don’t have to thank me, I was just doing my job. Not very well, I might add. 46? 46 what? Or 46 who’s? Without context, 46 is just a number, just data. In context, perhaps that’s 46 out of 48 (not too [...]

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Your Risks are in your Assumptions (where they should be)

Leo Sadovy
Leo Sadovy|April 22, 2011

A recent article from McKinsey Quarterly, entitled: “How CFOs can keep strategic decisions on track”, discusses how bias creeps its way into our decision making process, such as Confirmation Bias, searching only for evidence that supports your position and ignoring or discounting evidence that doesn’t, or Anchoring, where we depend [...]

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Curling

Leo Sadovy
Leo Sadovy|February 27, 2011

Not what you were expecting, was it? You open up a business blog only to find an article about that relatively minor winter sport we only get to see once every four years during the Olympics, two dozen ESPN channels not withstanding. But curling it is, and for good reason. [...]

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Activity-Based Management: The gift that keeps on giving

Leo Sadovy
Leo Sadovy|October 20, 2010

In honor of the United Nations World Statistics Day (October 20, 2010), let’s not leave finance out of the party. In fact, let’s continue with our focus from last time on the analytical and decision support payback afforded by Activity-based costing, perhaps the most underappreciated finance tool for adding value [...]

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