The volume is being turned up on the Control Tower approach to running a business; I have recently been introduced to logistics control towers, supply chain control towers and operations control towers just for starters. I’m sure there must be at least a half dozen more out there – pick
Principle 1: Governance – A bank’s risk data aggregation capabilities and risk reporting practices should be subject to strong governance arrangements consistent with other principles and guidance established by the Basel Committee. My colleagues and I have written a series of posts on the principles of BCBS 239. In this
Are you wondering what to do next with your analytics program? The latest issue of sascom magazine provides a handy guide. Check it out to get help checking off must-do items like these: Establish an analytics center of excellence. Find out how SunTrust centralized all of the bank’s analytics teams –
At SAS Global Forum 2014 customers were asked to describe SAS in one word and they came up with quite a few including awesome, powerful, data, fun, easy, and of course statistics, analytics, and PROC. Then I gave it some thought on what one word would I choose to describe SAS. This
What could you do with Derren Brown-like powers of persuasion? Convince your boss to give you that overdue raise? Turn the office cynic into your number-one fan? Convert analytics agnostics into data evangelists? Unfortunately – or fortunately, depending on your point of view – Derren Brown is one of a
Judging by the headlines like “Big Data Sparks Corporate Turf Fights” and “5 Things CFOs Hate About IT,” you might think that every IT organization is at odds with the company’s business leaders. But let me ask you, does this look like a group of people at odds with one
Interestingly, the Basel Committee’s Principles for Effective Risk Data Aggregation and Risk Reporting (otherwise known as BCBS 239) begins with a quote from T.S. Elliot’s The Rock: Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information? In this age of big
The Google Flu Trends application has received negative press since 2013 over its inability to accurately detect flu outbreaks. The latest critique, “The Parable of Google Flu: Traps in Big Data Analysis,” from Science magazine compares Google Flu Trends data to CDC data and dissects where the Google analysis went
Retired four-star General Colin Powell discussed the traits he shared with SAS CEO Jim Goodnight during his morning keynote at the SAS Global Forum Executive Conference yesterday. Among them: A clear passion for education, an appreciation for information and a sincere leadership style. “I’d like to talk about something that’s important in
“My goal is to constantly improve the quality and stability of our software while at the same time innovating,” said Vice President of SAS Resarch and Development Armistead Sapp yesterday at the SAS Global Forum Technology Connection. Hosted by Product Management Director Michele Eggers, the Technology Connection focused not only on
