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Risk Management

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Why Returning $1 Trillion to Shareholders is a Bad Idea

May 4, 2015 by Paul Barsch

Risky Business column.

With creaking IT infrastructures and under-investment in other areas such as plants, equipment, employee training and more, excessive share buybacks aren't just a flawed strategy; they are a dangerous one for the future health of companies across the globe.[read more]

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Learn from Carnegie Mellon’s School of Data Management Hard Knocks

April 23, 2015 by Jeff Brown

Big data error.

The school mistakenly sent acceptance emails to hundreds of hopefuls who applied to Carnegie Mellon’s prestigious Master of Science in Computer Science program. A few hours later, an email with a much different tone arrived in their inboxes. A school statement read: “This error was the result of serious mistakes in our process for generating acceptance letters.”[read more]

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Problems with the Language of Probability

April 6, 2015 by Paul Barsch

Risky Business column.

Using probabilistic terminology to communicate the “likelihood” of an event occurring to those untrained in understanding such terms, can in some instances lead to the ruin of careers, companies and in worst cases—loss of life.[read more]

Digital Risk Management: Why Cyber Security Measures Aren’t Enough

February 19, 2015 by Michael McQuinn

Cyber security.

Most companies of scale have cyber security measures in place – software solutions, policies and protocols, and regular assessments conducted by IT staff members around compliance and efficacy. With these measures in place, the executive management team might feel confident that their digital data is secure – until they’re blind-sided by crisis-inducing error or a data leakage event.[read more]

Business Analytics Error: Learn from Uber’s Mistake During the Sydney Terror Attack

January 24, 2015 by RK Paleru
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Uber.

Recently, as a sad day of terror ended in Sydney, a bad case of Uber’s analytical approach to pricing came to light - an “algorithm based price surge.” Uber’s algorithm driven price surge started overcharging people fleeing the Central Business District (CBD) of Sydney following the terror attack.[read more]

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Is Your IT Architecture Ready for Big Data?

January 6, 2015 by Paul Barsch

Risky Business column.

Companies desperately need to assess their current situation and future business needs, and then design and deliver on a IT architecture that will deliver insights from all data types.[read more]

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The World’s Largest, Fastest, Most Agile Supply Chain

December 31, 2014 by Keith Peterson

Supply chain.

There is one shipping firm in the world, maybe the galaxy, that is counted on more than FedEx, UPS, and DHL combined. In fact, this organization has an even more complex supply chain. It takes its own orders, makes its own goods, and ships them all in one night.[read more]

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Cyber Security: Locking Out the Grinch from Your Application Network

December 18, 2014 by Bob Dvorak

Security.

How do you leave your chimney open for Santa while keeping the Grinch safely locked out? The right application management strategy can help outline where vulnerabilities lie and how to fix security weaknesses, minimizing your organization’s overall attack surface.[read more]

How to Stay Out of Cash Flow Crises Using Cash Position Analysis

December 10, 2014 by Keith Peterson

Cash position analysis.

Cash flow is the lifeblood of every company. Diligent financial analysis, including the Cash Position Waterfall, is an essential component to monitoring the current health of your business. However not all of us are financial analysts who like to wade through detailed spreadsheets.[read more]

How to Get Started with Value Add Forecasting

November 6, 2014 by Ray Major

Value add forecasting.

So the promise of using statistical algorithms, forecasting and predictive analytics is now added to the list of a company’s number one priorities. There is a sense of urgency surrounding this new high profile initiative. One may ask, “What’s next?” Well, here are a few steps that you will need to take to deploy your forecasts successfully.[read more]

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CAPEX Deferred Eventually Makes the Company Sick

September 22, 2014 by Paul Barsch
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Risky Business column.

Instead of investments in IT, machinery, buildings and more, CEOs and CFOs are content to predominantly spend cash on stock buy-backs and/or dividends. Deferring CAPEX spend, or “sweating the assets” will work for a little while, but it’s not a strategy for long-term success.[read more]

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Building Information Technology Liquidity

August 25, 2014 by Paul Barsch

Risky Business column.

In the financial world, liquid assets can allow companies to react and capitalize on market opportunities. Liquidity in IT means that companies have enough extra compute firepower, people resources and are agile enough with IT processes to respond to unplanned events and demand, in whatever shape, form or order they arrive.[read more]

Supply Chain Business Intelligence Is More Than Just Technology

August 20, 2014 by Ray Major

Supply chain BI.

Interestingly the technology implementation requires the most hard dollar costs, and returns the least in terms of ROI. The real value in Holistic BI is in garnering the corporate buy in or, in other words, training the people to make better data-driven business decisions based on the data.[read more]

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Adapting to Winds of Change

August 6, 2014 by Paul Barsch

Risky Business column.

There’s much work to do before you can take advantage of cloud resources, and just-in-time planning doesn't cut it. With the flexibility, speed and power that cloud offers, there’s really no excuses to let opportunities to capture unplanned demand pass you by.[read more]

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Where in the World Does All this ESRI World Data Come from?

July 31, 2014 by Shawn Gordon

ESRI World Data.

ESRI does have data sets of their own that are available both for free, and for licensing. They have their own demographers who come up with various cool products like “Tapestry”, which shows life groups and their habit patterns, so you could research in there and discover NASCAR fans are good at recycling.[read more]