Advanced Analytics Give CFOs More Clout

Advanced Analytics Give CFOs More Clout

Advanced analytics continues to permeate more functional areas of the enterprise.  From marketing campaigns and sales optimization to supply chain and human capital management, business users are deploying newer, easier to use technologies to gain deeper insights, improve decision outcomes at the point of decision, and achieve strategic, financial and risk management objectives. To ensure that financial and risk management …

Moving to the Cloud: 3 Ways to Ensure Data Sovereignty

Moving to the Cloud: 3 Ways to Ensure Data Sovereignty

Navigating the maze of data sovereignty laws can be intimidating, organizations should not let this deter them from making the move if companies do their due diligence. In the beginning, the cloud was somewhat of a mystery.  This seemingly magical technology has transformed the way many organizations operate, and companies around the world are taking advantage of all that the …

How the IoT Helps Business with Regulatory Compliance

How the IoT Helps Business with Regulatory Compliance

Most stories that involve the Internet of Things and regulatory compliance are about regulating the IoT itself. But it’s worth focusing on how the IoT will help businesses, particularly smaller businesses, to demonstrate compliance with the mass of regulations that govern their operations—regulations that vary from jurisdiction to jurisdiction. Compliance costs are a significant expense for every business, requiring trained …

Data is Banking's Most Powerful Competitive Weapon

Data is Banking’s Most Powerful Competitive Weapon

The financial services industry’s most significant competitive advantage is the customer insights that can be extracted from data. The key is using data-driven insights to improve the consumer experience, operational efficiencies, business processes and sales effectiveness. According to Mike Cagney of SoFi, he is going to, “Do to banks with a smart-phone based model what Amazon has done to bookstores and …

Cloud transition is critical to digital transformation

Cloud transition is critical to digital transformation

There’s no doubt cloud computing is a key driving factor in the digital transformation (DX) impacting every single sector from retail to financial services, manufacturing to heavy industry. Through the cloud, new digital-centric businesses are emerging that are more agile and innovative than anything seen before. Enterprises are having to worry about these new, agile competitors, while simultaneously dealing with …

How to Build a Data Strategy Pt. II

How to Build a Data Strategy Pt. II

This is Part 2 of Data Strategy series discussing “How To” following Part 1 of Data Strategy that dealt with “5 ‘W’s of Data Strategy”.  As I mentioned in Part 1, a good enterprise Data Strategy should be actionable to your specific organization and evolutionary to adjust to disruptive forces. Now let’s discuss the process to guide your organization to …

5 Reasons to Use Business Intelligence at Your Call Center

5 Reasons to Use Business Intelligence at Your Call Center

People often speak of business intelligence (BI) in the same breath as “business performance improvement” (BPI) and “informed decision-making.” Both statements are true and entirely applicable to the modern call center. However, business intelligence holds other benefits for your call center or collections agency. We discuss a few of them here, alongside the aforementioned BPI and decision-making. Allow yourself to …

How Business Intelligence (BI) Enhances Data Governance

How Business Intelligence (BI) Enhances Data Governance

The definition of business intelligence is “the transformation of raw data into meaningful and actionable information to improve your business.” Asset managers are now turning their attention towards leveraging data quality information with business intelligence to underpin their data governance efforts. For those institutions working on process improvements around the capture, investigation and resolution of data quality issues, one of …

Top 7 Predictions for the Connected Enterprise in 2017

Top 7 Predictions for the Connected Enterprise in 2017

Global IT transformation will trigger significant changes for several industries in the coming year, according to Equinix, Inc., the global interconnection and data center company. Given its footprint across 40 global markets and more than 8,000 customers, Equinix has data-driven insights into the key drivers pushing enterprises to succeed in the digital economy. This vantage point is enabled through the platform …

How Analytics Is Aiding Banking Compliance

How Analytics Is Aiding Banking Compliance

In 2007, as Lehman Brothers’ collapse set off a chain reaction throughout the banking industry, regulators began going down to banks to look at their risk exposure as they sought to get an idea of the potential damage that could be done. Something they should, arguably, have done some time before. Banks struggled to put this information together, highlighting a …