Every cloud has a silver lining, especially in insurance. The upcoming International Financial Reporting Standard 17 (IFRS 17) regulation is certain to unsettle the industry. However, to ignore the bright side would be a big mistake. Achieving compliance is not only for satisfying regulators, it can be a competitive advantage
The true test of when a technology has become mainstream is when it is being widely used across the whole business, from customer-facing functions to backroom work. Analytics has been customer-focused for some time, and has also been widely used for individual performance, for example, by sports teams. The advent
In the Cologne district of Mülheim, not far from Keupstrasse with its oriental charm of doner restaurants, baklava, cafés and mosques, and next to old brick halls, concert halls and television studios, lies Carlswerk, a large former industrial area that has been transformed by the arrival of both new and
As more and more organisations embrace advanced analytics, we are starting to see several very successful implementations emerging, on both a small and large scale. At the same time, however, many organisations are not getting value from their expensive investments in analytics systems. And while failing may provide useful
The UK media has been reporting many stories about people suffering from the potentially life-threatening condition sepsis. It has been receiving publicity beyond just news recently. For example, there is currently a storyline in the UK soap opera Coronation Street on ITV where the young character Jack Webster has a
We have been introducing in my previous blog article the link between data governance and GDPR compliance, it is time to put more meat on the bone. In the context of GDPR, one of the main challenges for data controllers and data processors is to demonstrate compliance by documenting all
We have been talking about analytics platforms for some time, but it does feel a bit like the debate does not inspire the enthusiasm it deserves. A major SAS study on readiness for AI, carried out in spring 2017, found that only 12 percent of respondents felt that their analytics
Beyond the wow around artificial intelligence is the reality. If you don’t use AI to make actual business decisions, it’s probably a waste of time, effort and money! From recommendations for your playlist to the next-best offer to decisions about customer targeting and company strategy, we are all looking for
At the German SAS Forum, Sascha Schubert and I ran some hands-on sessions or workshops on data science and analytics. You might say that this was nothing new, but I noticed some changes from previous forums that I think may point towards wider changes in the analytical landscape. Here, then,
This is the second article in a three-part series on how to reduce uncertainty in the supply chain for lower costs. The first was about reducing uncertainty downstream.This article deals with reducing uncertainty within the company. There are several ways to define uncertainty. I like two angles on uncertainty (which are not
