The old adage says there are six degrees of separation. Everyone is at most six steps away from any other person on Earth, so that a chain of, "a friend of a friend" statements can be made to connect any two people in six steps or fewer. With the rise
Tell me if any of these scenarios sound familiar: You send quarterly reports to your entire team with charts, graphs and analytics that compare previous quarters - and nobody ever responds, so you’re not even sure if they’re looking at them. You have an executive dashboard that displays monthly numbers
Today, financial services organizations are swamped in data because of regulatory requirements, years of rapid growth, mergers and acquisitions, and Internet-accessible data. This flood has many firms struggling with disparate sources and varying degrees of data quality. There are several reasons your organization might choose to integrate its data, including,
The preservation of our environment and the prosperity and health of our society are both global and local concerns. But are they concerns of the 21st Century Business? Increasingly, the answer is emphatically yes. In this blog post, we will consider the driving forces behind organizational investments in sustainable practices,
Bernd Jan Sikken leads multi-stakeholder initiatives at The World Economic Forum (WEF) that aim to find solutions for fundamental issues such as demographic shifts and environmental sustainability. As an Associate Director, Sikken plays a role in the independent organization that is committed to improving the state of the world by
The great thing about Business Analytics is that it covers so many interesting topics. Whenever you are faced with a complex problem or a large amount of data, chances are Business Analytics can help. Visa used a form of Business Analytics called Activity Based Management to perform over 20 million
Creating an accurate forecast begins by reviewing history. But what if you haven’t collected data that can act as a good representation of what to expect? That was the challenge facing Arthur Kordon, Leader of the Advanced Analytics Group, The DOW Chemical Company in 2009. The 2008 crisis hit like
I started to write this blog post about how new price plans and technologies are creating so many options for consumers that they can’t help but be confused. This creates an opportunity for the service provider to differentiate itself by using better analytics to help get their customers onto the
Fascinating set of statistics in a story I just read about Los Angeles County. The county has been challenged by an increase in fraud related to child services. It has grown by about 40 percent, and in many cases perpetrated by highly organized fraud rings. A proof of concept (POC)
There are numerous strategic risk issues that might keep a chief risk officer or chief executive officer awake at night. Particularly since the financial meltdown, many are asking themselves (and anyone who will listen), “Do we need to do more in risk management?” Evaluating your program is an intense process,
