I want to use SAS’ recent announcement of our Cost and Profitability Management solution as an opportunity to highlight an often overlooked but valuable application of activity-based costing: business process reengineering. But first, just a brief description of Cost and Profitability Management’s new breakthrough capability: In-memory model calculation. SAS’ decision
Principle 13: Remedial actions and supervisory measures - Supervisors should have and use the appropriate tools and resources to require effective and timely remedial action by a bank to address deficiencies in its risk data aggregation capabilities and risk reporting practices. Supervisors should have the ability to use a range
I wish James Dallas was the leader of my organization when I started leading analytics initiatives in IT years ago. He would have been a great coach and mentor – to help me learn the things I believe today about the roles of technology and culture change in this space,
In the energy industry, oil and gas companies as well as utilities are struggling with many changes at once. First, they're facing what the oil and gas industry has coined "the big crew change," meaning the retirement of those with the most skills and experience on how to run their
Did you check your email and/or favourite social media site before leaving for work this morning? Did you do it before getting out of bed? Don’t worry, you’re not alone. I do it every morning as a little treat while I “wake up” and whether I realize it or not,
I speak with executives in every industry – in companies big and small – and they all have the same challenge: They’re overwhelmed with data. The problem? There’s a huge gap between the amount of data they possess and the number of employees who can analyze it. This lack of
Software defined networking (SDN) and Network functions virtualization (NFV) = IT meets network operations. Google is ready but where does that leave the rest of the communications ecosystem? It is an ugly situation for communications service providers (CSPs) right now. Internet traffic continues to grow due to the increasing volume of
Principle 12: Supervisors should periodically review and evaluate a bank’s compliance with the eleven Principles above [described in BCBS 239]. Principle 12 is targeted primarily at regulators, but it has broad implications for banks’ internal risk management processes. In addition to evaluating capital adequacy and liquidity, banking supervisors also look
Having spent a good part of my career “owning” the data hub in IT for analytics solutions, I think I can say, the myth that IT controls all things data has become less and less true through the years – and eventually it will be completely false. Or maybe it
Last month, SAS launched our new no-cost software for higher education teaching, learning and research – SAS® University Edition. Available to students, professors, academic researchers and lifelong learners, SAS University Edition provides local access to BASE SAS®, SAS/STAT® software, SAS® Studio, SAS/IML® software and SAS/ACCESS® Interface to PC Files. SAS University Edition
