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The Critical Importance of Data Quality Over Mere Data Collection

Strategy Driven

High-quality data is indispensable for informed decision-making, operational efficiency, customer satisfaction, regulatory compliance, and innovation. Operational Efficiency Operational efficiency is another critical area where data quality plays a pivotal role.

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

N2Growth Blog

Because value chains are independent of existing organizational structures, staff and work locations, they are less intimidating to the management and staff that have a vested interest in maintaining the status quo. These models (and the analysis of them) are valuable for presenting new and different ways of thinking about the business.

Analysis 316
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Small Firms Shifting Horizons As A Result Of Brexit

The Horizons Tracker

The very act of diversifying trade patterns itself does not come without any risk, as transport costs are likely to grow, and companies are forced to operate in unfamiliar markets with unfamiliar bureaucracy. Add in currency and credit risks, and it’s by no means an easy pivot to make. ”

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For Successful Collaboration, Think Outside the Box

Harvard Business Review

He explained that his organization was highly functionalized with separate units for sales, trading, investing, portfolio management, credit, risk, and operations; some of which reported to him and some to the corporate center. She and her customers were basically told to get used to the delays.

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Just Using Big Data Isn’t Enough Anymore

Harvard Business Review

To date, most Big Data accomplishments have involved operational cost savings or allowing the analysis of larger and more diverse sets of data. Yet, these remain largely back-office operations; they don’t change the customer experience or disrupt traditional ways of doing business.

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How P&G and American Express Are Approaching AI

Harvard Business Review

There is a tendency with any new technology to believe that it requires new management approaches, new organizational structures, and entirely new personnel. Ash Gupta is President of Global Credit Risk and Information Management at American Express, and Guy Peri is Chief Data Officer and Vice President of Information Technology at P&G.

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Predictive Medicine Depends on Analytics

Harvard Business Review

Think of the colleges that are increasingly able to identify students at risk of dropping out and intervene before they do. Or lenders’ enhanced abilities to gauge credit risk. Medtronic is using big data and advanced analytics to drive their approach to patient and physician support and manage supply chains.