Until recently the approach to accounting for insurance contracts was considerably simple. Most of the existing accounting standards do not require any special processing after estimations are made by actuaries and before they are posted in the general ledger. However, with the arrival of IFRS 17, this will definitely change.
You know that feeling as a consumer – that’s great on the one hand but taxing on the other – where you have lots of choice but no clear idea about what choice to make? Well, it’s becoming a bit like that with analytics and how it’s provided. It’s no
For many organisations, open source supports the rapid and agile development of projects and models. New projects enable significant success with fast deployment of analytics projects, and also – importantly – supports a failing fast strategy without having to incur significant infrastructure costs. Deploying open source at the enterprise level
IFRS 9 came into force on 1 January 2018. It is fair to say that the implementation projects have generally taken rather longer than planned, and the long-term impact remains unclear, but broadly speaking, banks can be said to have managed the process reasonably well. However, with implementation costs running
You don’t very often hear about procurement fraud. It’s not really discussed, perhaps because it is often an internal problem, and therefore involves trusted employees and breaches of that trust. In terms of losses, however, it is the second-most important economic crime in the world. The average amount lost in
In my first post I looked at the role of analytics in policing and how analytics could and should be used to benefit modern policing. However, a key point that can be forgotten is analytics is only as good as the data it is based on. It’s vital to have
Retailers around the globe struggle to accurately forecast demand and, more importantly, optimise inventory levels. Consequently, this has a massive effect on bottom-line profitability. My last blog post focused specifically on the problem of “getting the size mix right” that retailers face and how advanced analytical techniques can provide a
Si abbassano le barriere d’ingresso per i nuovi operatori. Dalla gestione e monitoraggio delle frodi alla tutela del consumatore, dall’innovazione tecnologica all’adeguamento normativo, le opportunità per le banche sono molte. Si parla ormai da tempo di PSD2, ma ora siamo agli sgoccioli. Il 2018 è il termine entro cui la
Considering the growing amount of data available and the rise of edge computing, we can expect rapid growth for AI and decisions on the edge (addressed in AI on the edge will kick IoT market adoption, not 5G). All of this influences how we can cope with the speed of
I can still remember the emergence in the 1990s of Java as a universal and largely open-sourced programming language. Some observers believed it would signal the eventual demise of proprietary languages such as C, Fortran and Cobol. Current surveys, however, and there are many, confirm that plenty of people continue
