Flexibility and agility are the two current watchwords in digital fitness. What’s behind this is often, but not entirely, cost. Nobody wants to spend a fortune on infrastructure or software that could be out of date in a very short space of time. Instead, it is all about being able
There are not many conversations, presentations or media briefings about analytics that don’t at some point touch on the issue of ‘people and skills’. Convincing business leaders of the merits of analytics given the technology now available is often the easy part. It inevitably leads on to what the barriers
Embarking on any change process is a challenging task for an organisation. Modernising (or in many case, actually building) your analytics platform so that you can handle real-time and predictive engagement with customers could, however, turn out to be an essential next step to getting value from analytics in your
You may have an approach that works in terms of tackling the major challenge of getting people with suitable skills into your organisation, but this won’t mean much if the business isn’t structured in such a way that gets most out of them. Building on the previous blog looking at
Since the financial crisis, banking regulators have started to use stress testing as a way to examine how banks will manage under adverse conditions. The idea is to ensure that banks hold enough capital to survive economic shocks. The European Banking Authority published its draft stress-testing methodology for 2018 back
Businesses have to make a profit. This is, if you will forgive the pun, the bottom line. It is the reason why businesses exist, and it is the most important, if not the only reason, why any business does anything. Profitability really is king. Transforming the banking sector Hold that
I travel a lot for business. I consult with customers across Africa in a variety of industries. But no matter the country, culture or industry, the one thing that most businesses have in common is that there is inevitably a disconnect between the data scientist teams and business units. Business
Internal connections between organizational members are valuable assets for any organization. The ability to reach out to your colleagues, to know who knows what and even to engage over everyday topics such as last night’s television or weekend plans are, in many ways, what defines an organization. These discussions are
Like stress testing, model risk management is one of the current ‘hot topics’ in banking. Discussed extensively at a recent risk executive roundtable in Amsterdam, it is clear that the issue is exercising minds to a considerable degree. What’s more, it is also only likely to become more important in
There is so much going on that has potential to improve the way that insurers operate, it’s hard to know which opportunities to address, and also, which risks are too important to ignore. At SAS, we are fortunate to have a team of industry experts who understand how to contextualise
