The importance of risk management has always been clear in financial services, but it is growing in other industries, including energy and telecommunication companies. This importance is being amplified through increasing demand for risk and finance integration. New risk data architecture is needed to focus on the integration of time
There is massive excitement — and some fear — about AI. The buzz is definitely building, as more and more people start talking about it. But although there is enthusiasm about the potential of AI and its building blocks, there is much less discussion about how organisations should start
Have you heard of Kevin Ashton? The British technology pioneer co-founded the Auto-ID Center at the Massachusetts Institute of Technology (MIT), the organization responsible for developing an international standard for RFID. But more importantly for us, more than 20 years ago, he had a vision of computers gathering information about
Manufacturing companies are undergoing a huge pressure to continually increase efficiency, productivity, lower costs, Net Working Capital and other KPIs. Strategies for doing so are many – lean strategies, improved forecasting and planning, closer supply chain collaboration to name a few. In this article, I will discuss the latter –
Does procurement integrity really matter? Fighting procurement fraud and optimizing procurement cycles is difficult, not least because it often involves employees. Asking your employees to police each other can cause problems, because it implies a lack of trust, and trust is what relationships are built on. If you undermine the
The digital transformation wave is growing huge across the whole society and all industries, boosted by the data tsunami created by all of us. Using analytics to find actionable insights in all this data for business success is not new anymore but the digital transformation has put the spotlight on
The second part of this series takes us to Rotterdam, main port of Europe and the residence of Veneficus, a 10-year young and ambitious boutique analytics firm. They have already scored accolades in the Dutch FD Gazellen Award for fast growing companies. In addition, they also won a ‘Best Employer’
At the recent SAS Forum in Paris, I was part of the team that demonstrated the contextual value of chatbots. Our discussions during preparation and questions after the demo were wide-ranging and extremely interesting. It would be hard to claim that there was a real thread running through it, perhaps
Imagine you’re a hungry black bear and you’re standing in a fast-moving river up in the Rocky Mountains. You peer down into the water as it swirls and bubbles past your legs. You know there are fish in there somewhere, and over the years you have seen all kinds of
Lee Thorpe, Head of Risk Business Solutions at SAS UK & Ireland, explores the challenges that the new international financial reporting standard (IFRS) 17 will introduce. A fundamental change is coming to insurance. The new accounting standard, IFRS 17, will be introduced by the International Accounting Standards Board (IASB) in
