5,821 days. That’s the time that separates Silicon Valley Bank’s (SVB) collapse and the failure of real estate investment trust New Century in 2007, notably the first domino to fall in the Global Financial Crisis (GFC) of 2007-08. Last week’s events represent a sobering reality check. In 2023, banks can
One of Warren Buffett’s most famous quotes goes like this: “Only when the tide goes out do you discover who’s been swimming naked.” That time is now for interest rate risk managers, who have been basking in the warm sea of declining interest rates for most of the last four
Consumer goods manufacturers have faced significant challenges over the past few years due to rapidly changing demand and supply disruptions in their end-to-end supply chain. As a result, manufacturers have realized the need to strengthen their resilience and have prioritized assessing their manufacturing capacity to maximize output and automation. To
SAS® Viya® has been making waves in the analytics and AI industry. SAS Viya has recently been included in G2’s annual ranking of Best Analytics and AI products for 2023, a list based partly on user feedback. So, what are SAS users and industry analysts saying about SAS Viya? Let's
Women are trailblazing new ideas across industries, countries and cultures every day. This International Women’s Day, take a minute to read some innovative SAS Hackathon highlights for this upcoming year and from the past. You'll also learn about some incredible women and see what amazing innovations lie ahead. AI
Analytics can get you answers from data. With an ever-increasing volume of data and new regulatory pressures, you need to know more than knowing where and how it is used. It's critical to comprehend the data: Is it relevant? Does it contain sensitive or private information? Can we detect bias?
Generative AI (GenAI) is a category of AI that can create new content, including video, audio, images and text. GenAI has the potential to change the way we approach content creation. It’s gotten much attention lately. Take ChatGPT for example. The AI chatbot has captivated the public’s imagination with clever
In this post, Ajay Agrawal, professor at Toronto's Rotman School of Management, discusses the challenges of unlocking the full potential of AI and ML for businesses and banks. Agrawal explains how the taxi industry in London, UK provides a cautionary tale of the potential impediments to driving value from AI,
As the world moves toward a low-carbon future, the power and utilities industry faces significant financial and reputational risks due to the potential stranding of resources and assets. This transition to carbon-free energy sources could render carbon-intensive assets – such as coal- and gas-fired power plants, coal mines and hydrocarbon
Students in the master's program in data science at the University of North Carolina Wilmington (UNCW) drove real-world results using SAS® Viya® for the labor market analytics company Lightcast. The project gave students practical analytical tools to solve a business challenge – invaluable career preparation. At the same time, Lightcast gained business insights
