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 –
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
“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
Are retailers suffering a skills shortage when it comes to analytics? Nikki Baird from Retail Systems Research (RSR Group) offers some intriguing observations about the critical analytical talent shortage facing the retail industry in a recent article, “Where Have All the Data Scientists Gone? SAS Analyst Day Report Out.” Her observations
After decades of trying to "manage" and "control" quality, manufacturers continue to struggle with consistently achieving quality excellence. To conquer the realities of today's marketplace and achieve quality excellence, manufacturers need to adopt an analytic approach to quality. The basic objective of manufacturers hasn't changed since the beginning - produce
In my last post in the Ask the Statistician series, we heard statisticians at the Analytics 2013 conference discuss what types of statistical techniques they use to solve their business problems. Given that these concepts are technical in nature, I wanted to better understand some of their best practices for sharing
With the increasing emphasis on responsiveness, resiliency, flexibility and agility, I suppose it was only a matter of time before the “agile” concept caught up with strategy itself. While I may have hinted at this idea four years ago in two of my earliest posts for the Value Alley, “Strategy
It is always important to continue to sell the value of analytics within your organization, especially to your leaders. Usually, these type of results are delivered via reports, dashboards, or emails. However did you know that analytics: Detects when expensive machinery like electrical submersible pumps (ESP) or oil platforms need maintenance before
