Insights

Human Resources feels pressure to begin using predictive analytics Today’s business executives are increasingly applying pressure to their Human Resources departments to “use predictive analytics”. This pressure isn’t unique to Human Resources as these same business leaders are similarly pressuring Sales, Customer Service, IT, Finance and every other line of business (LOB) leader, to do something predictive or...

Let's take a look at the top strategic Internet of Things (IoT) technology trends that Gartner, Inc. recently identified as driving digital business innovation from 2018 through 2023. “The IoT will continue to deliver new opportunities for digital business innovation for the next decade, many of which will be enabled by new or improved technologies,” said Nick Jones, research vice president at Gartner. “CIOs who master...

We have seen a great deal of buzz surrounding HR analytics in the last couple of years. There have been publications across the globe covering lessons learned in HR analytics initiatives. After reading much of this content, a few observations stand out. First, getting from analyzing people data to achieving tangible results for your organization is a difficult thing to achieve. There are many initiatives in HR analytics, but when it comes...

A shrinking pool of qualified candidates surfaced as a top business risk for global executives in risk, audit, finance, and compliance, according to a recent survey by Gartner, Inc. In a time of historically low unemployment where the supply of available workers is much lower, organizations are struggling to find and retain the talent they need to meet their strategic objectives. At No. 3, behind accelerating privacy regulation and cloud...

In banks and financial institutions, there is a typical barrier that exists between Finance and Risk. The Finance world is very “exact”. A balance sheet or a Profit and Loss (P&L) statement have to be very precise. In the Risk Management world, things are slightly different. It is common that numbers are created as a result from statistical analysis or stochastic simulations; recipes vary in order to create those numbers....

The approach of making government decisions based on the collected information is not a new idea. It can be dated back to the age when data was not stored electronically. Traditionally, data is isolated in different organization silos. Government organizations have collected and managed data only to serve their own business interests and to support internal reporting needs. As a result of this culture, extracting intelligence from the data...

(Content sponsored by Open Data Science, LLC) Open Data Science, LLC will bring their popular applied data science and artificial intelligence conference, ODSC West 2018 , to San Francisco this October 31 to November 3. At this event, attendees will learn about the latest insights and tools and topics in artificial intelligence and data science, how to apply these skill to their work, and hear from some of the brightest minds in the...

There are lots of analysts. Few good ones – and excellent ones are like hens teeth. Analysts are the interface between data and action – the insight of the organization. They are important. They can change your strategy. They can leverage and exploit your big data into smart data. They transform data to insight and let you take evidence-based action. The most cited gripe I hear about analysts working in the industry is " so...

When it comes to data science, the C-Suite needs to be involved. There are a number of factors that lead to success with analytics, but without you, none of those really matter. Many executives get involved with analytics projects once they have overrun their budgets or failed to meet ROI goals. I have been called in to fix a number of derailed projects and we all say the same thing, “I wish we’d have gotten involved...

Recently, in a coaching session with my boss, we were discussing the importance of big data. We were looking at both ends of the spectrum: a creative mind that paints by numbers in the abstract versus an analytical mind who presents flat spreadsheets. I used to aim for the middle, but my new goal is to combine the best of both worlds without the worst of either. Free-flowing creativity creates a wonderful and inclusive culture, but too...

Did you know the healthcare operating model has essentially stayed the same for 100 years? If you think about it, any system that is 100 years old has obviously been updated since, and it’s high time we work to bring the healthcare system up to speed, too. The healthcare industry may move at a slower pace than other segments in terms of modernizing processes, but it is certainly working to adapt digital technology. It’s a great...

Organizations are slow at adopting progressive methods. This is true for CFOs, CPAs and accountants. The accounting profession needs to prepare for change and threats to competitive advantage because there is an accelerating and disruptive digital technologies transformation in progress called the “digital revolution”. We are witnessing significant changes in the nature of technologies available for today’s managers and...