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The Critical Importance of Data Quality Over Mere Data Collection

Strategy Driven

Decision-makers use data to analyze trends, understand market dynamics, and forecast future developments. High-quality data fuels innovation by providing accurate insights that guide research and development, product improvement, and strategic planning. High-quality data allows for accurate risk assessment and informed decision-making.

Quality 95
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The Value of Value Chain Analysis in Transforming Your Business

N2Growth Blog

All that is left to do is develop the plans for the projects that are needed to actualize the new workflow and institute a process for continual change. Once fully documented, the value chain represents the transformation team’s recommended work environment. Reach out to me to learn more about value chain analysis.

Analysis 316
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What Is Bad Credit and How Can It Affect You?

Strategy Driven

While you may be able to get approved for a loan to purchase a home or car with bad credit, these loans will have a higher interest rate. This means you will be paying back a lot more to the lender due to your high credit risk. Taking the time to look at your credit report before applying for a loan is a great idea.

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7 Steps to Problem Solving

Skip Prichard

As a consequence of accelerating change, the old model of managerial skill development and application is no longer effective. How did you develop it? New business models are rapidly emerging from revolutionary Internet, machine learning, and bioscience technologies that threaten the status quo in every field. 1: Define the problem.

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10 Ways to be a Better Team Player :: Women on Business

Women on Business

Categories : Communications , Ethics , Leadership , decision-making Echo Garrett is the National Practice Manager for KPMGs Financial Credit Risk practice and a Co-Founder of "Her Voice", a National Womens Organization that brings women together for local support and charitable opportunities.

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Auditing Algorithms for Bias

Harvard Business Review

Influenced by this community, Accenture Applied Intelligence* has developed a fairness tool to understand and address bias in both the data and the algorithmic models that are at the core of AI systems. Step 2 and 3 occur after a model has been developed. The model falsely predicted that the person had low credit risk.

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StrategyDriven Editorial Perspective – Good Intentions, Bad Results: Learning from the Panic of 1826

Strategy Driven

Looking to increase the homeownership rate and “foster affordable housing,” the Housing and Urban Development (HUD) department issued regulations that required 55% of all government sponsored entities (GSEs) to purchase “affordable” loans from banks, either directly or through packaged MBS.