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
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
Sometimes you have to get small to win big. SAS Data Management breaks solution capabilities into smaller chunks – and deploys services as needed – to help customers reduce their total cost of ownership. SAS Master Data Management (MDM) is also a pioneer in "phased MDM." It's built on top of a data
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
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
I was recently part of team discussing enterprise architecture with a chief IT architect, and we were explaining how SAS can integrate into their existing infrastructure, add business value on top it and even fit into their future planned infrastructure. This conversation was one of the reasons I blogged about
Interest in "data" is at an all-time high. The popularity of search terms like "big data," "Hadoop" and the "Internet of Things" spiked dramatically in the past year. The fact is, organizations are more interested in the potential of big data platforms and data management solutions than ever before. That’s
In the movie, The Matrix: Reloaded, our heroes and the KeyMaker frantically navigated from world to world through a series of doors and locks trying to escape the villains. Fortunately for our heroes, the KeyMaker always had the right key on his ring, he just had to know what key
Watching the news recently it occurred to me that many of the stories involved data in some way. Many of the reports from the recent Consumer Electronics Show showcased products to enable users to create and use ever-growing personal collections of data. Want data on how well you sleep? No
Lately, there's been lots of buzz around the logical data warehouse (LDW). In fact, Gartner is hearing LDW mentions as part of data warehouse (DW) inquiries almost 20% of the time and considers it a "megatrend." The definition usually includes some use of data virtualization or data federation capabilities to complement
The "Internet of Things" is the latest buzzword characterizing the machine-generated big data that has outstripped our ability to derive value from it. Think of UPS delivering 16 million packages every day through various hubs and all the logistics and decisioning that goes into that. But how does an organization
SAS has had a good week. No. 1 in Analytics The company remains No. 1 in advanced analytics -- per IDC and Forrester, not just according to marketers like me. And we remain committed to innovation. Our data visualization offering, SAS Visual Analytics, is now used by more than 500
In the era of big data, Kenneth Cukier and Viktor Mayer-Schonberger noted in their book Big Data: A Revolution That Will Transform How We Live, Work, and Think, “we are in the midst of a great infrastructure project that in some ways rivals those of the past, from the Roman aqueducts
“Please Mr CEO, sir, can you find just a few brief moments in your busy schedule for a group of us humble and undeserving employees to discuss our strategic initiative to totally transform the company?” No matter what the topic or function, the one consistent element of every successful significant
What do you get when you put a dozen big data pros around a table to discuss the real (not over-inflated) effects of big data on the organization? An honest discussion around what big data is and what it isn’t, what Hadoop can accomplish and what it cannot. Where did
Although she’s an analyst, Anca Tilea estimates that she spends 80% of her time cleaning data. Tilea and co-author Deanna Chyn shared seven of their favorite methods for checking, cleaning and restructuring data. Attendees at MWSUG 2013 got a bonus tip: Ask SAS peers in one of the SAS Support
I've written, talked and thought about data management for an entire decade now. In that time, I've collected examples of how data – and the processes for managing that data – can affect our everyday life. For years I used the "Have you ever gotten multiple pieces of mail from
SAS Data Management is a popular topic here on the SAS interwebs. You can find all types of information ranging from thought leadership to white papers to product details. At SAS Global Forum I sat down with Nancy Rausch, one of the principal R&D managers behind the SAS Data Management
If you're looking for an honest discussion around big data and IT from one technologist to another, look no further than the recent Forbes article, "SAS CTO On IT And Big Data Analytics."* In it, Keith Collins discusses Hadoop, shadow IT and more. Three excerpted points you won't want to
I'm happy to announce the SAS Data Management support community has a new look and feel! And there’s lots of additional content and resources now too. The SAS Data Management community on support.sas.com is a central hub for anyone interested in SAS data access, integration, quality and governance. Community Manager
Do you have “dead data”? Data that is not relevant or trustworthy? Data that muddles reports and makes data-driven decision making difficult, or even impossible, to manage? If you do, you are in good company as this is an enormous problem throughout higher education. Not to mention, as with all
Industry-changing dynamics like mobility, smart products, social media and embedded computing put a premium on big data and the insights you can gain from organizational data. As a result, the opportunity to be disruptive with analytics has never been greater. Yet, when it comes to making analytics work, not all organizations
In Amsterdam, harnessing the power of the (data) tide With more than 100 km of canals and 1,500 bridges, dikes and dams, Amsterdam has long been in tune with the tides. Today, as an economic tide tugs at Europe and many regions, organizations are coping with a flood of data
As a marketer interested in analyzing my campaign data visually, I recently had a chance to slow down and read this TDWI checklist report entitled “Seven Steps to Deploying Visual Analytic for Improving Actionable Insight” by Dave Stodder, Director of TDWI Research for Business Intelligence. What it helped me understand is
More than 4000 users at SAS Global Forum 2013 have previewed software capabilities powered by SAS 9.4 — the upcoming release of the SAS platform that promises to fuel new waves of innovation for both SAS and its customers. The initial release of SAS 9.4 platform will be available in
I’m holding down the fort from my office in North Carolina wishing I could have made the Gartner Master Data Management Summit in Texas. Is cloning the answer? This year’s event promises to be bigger and better than ever. Business-side managers will enjoy the new track recognizing master data management
If you’ve got a few minutes to chat with Marc Huber, don’t miss the opportunity. He has an interesting take on the human side of statistics. As a senior analytical training consultant for SAS, he combines an impressive background in psychology with a passion for math to teach customers around the
My predictions for "big data" in 2013 were recently published in the Fourth Quarter 2012 issue of Loyalty Management Magazine, and I wanted to share them here too: Streaming data from gadgets, cars and other devices will become an even bigger and more important data source. Social data will be used
