Principle 7: Accuracy - Risk management reports should accurately and precisely convey aggregated risk data and reflect risk in an exact manner. Reports should be reconciled and validated. Successful demonstration of Principle 7 requires senior management to rely upon the information presented in risk reporting. Since forward-looking strategic decisions are
Data federation is a relatively new term used to describe a form of data virtualization. Data virtualization, however, is not new. It has been around since at least the 1960's when virtual memory was introduced to simulate additional memory beyond what was physically available on a machine. While data federation is a
Imagine this scenario: Every device we encounter in our day-to-day routine – from our refrigerators and automobiles to our water and gas meters – has embedded sensors that read real-time information and generate unfathomable amounts of data. Now take this scenario one step further. Imagine what kinds of insights we’d
What if you could rank where you stand versus your industry peers when it comes to how effectively you're making use of your data through analytics? Now you can. Jim Davis, Senior Vice President and Chief Marketing Officer at SAS, outlined an eight-metric test at today’s Premier Business Leadership Series
The US health care industry is always getting a bad rap. It takes heat for being too expensive or not efficient enough or just too complicated. We know we need it, and that living long and healthy lives requires it. But we also know we love to complain about it
In my previous post in the Ask the Statistician interview series, we heard from statisticians at the Analytics 2013 conference discuss the how their statistical results are put into action within their organizations. Now let’s learn more about their specific examples of success they have had utilizing these results. Check out
All Analytics spoke with several leaders at the recent SAS Global Forum Executive Conference on what it means to build an analytics culture. Here’s a video of those conversations. The video features several sections related to building an analytics culture: Kim Nevala, Director of Business Strategy for the SAS Best
I'm an avid Star Wars fan, and am cautiously optimistic about what J.J. Abrams intends to do in Star Wars VII. The cast for the movie was revealed earlier this week, and today is May the Fourth, an unofficial Star Wars holiday. You might be asking yourself what any of
I led an analytical culture track at the SAS Global Forum Executive Conference last month in Washington, DC. I talked with leaders in fields as diverse as healthcare, chemical manufacturing and government. Although these organizations have very different operating models, their challenges, comments and questions were similar. They all recognized
I was asked to speak recently on a topic that includes two hyped terms: Big data and sustainability. At the risk of igniting an anti-buzzword campaign, I added a third over-used term to that list: analytics. Even though individuals and companies use those three words – big data, sustainability, and
