Risk has always been an integral part of business, but as I’ve noted, companies deal with risk with varying degrees of effectiveness. A complex, ongoing process, operational risk management identifies risks to support successful operations of an organization, estimates the monetary and other measurable impacts if a risk event occurs, establishes methods for mitigating the severity of impacts should they occur, continuously measures the probability of a risk occurring within a relevant period of...
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Topics:
Big Data,
Performance Management,
Governance,
GRC,
Office of Finance,
Operational Performance Management (OPM),
Reporting,
balanced scorecard,
enterprise risk management,
KRI,
Business Analytics,
In-memory,
Business Performance Management (BPM),
Financial Performance Management (FPM),
Risk,
Sales Performance Management (SPM)
Management decision-making typically involves a three-step process of inform, analyze and act. In the earliest days of what came to be known as business intelligence, developers created decision support systems that provided information and analytics to help executives and high-level managers choose the best course of action. Working with numbers rather than gut instinct still is viewed as a best practice. After all, a pilot who doesn’t trust his or her instruments is heading for an accident.
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Topics:
Big Data,
Performance Management,
Planning,
Modeling,
Office of Finance,
Operational Performance Management (OPM),
Budgeting,
closed loop,
contingency planning,
driver-based,
driver-based planning,
Analytics,
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
In-memory,
Business Performance Management (BPM),
Customer Performance Management (CPM),
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
best pracices,
business value,
cash management,
challenge,
financial planning
At its annual Influencer’s Summit in Boston, SAP offered multiple perspectives on where the company’s strategy and products are heading. Overall, I was struck by the essential similarities to its message on its strategic direction a decade ago. The overarching objective in its roadmap now, as then, is to have information technology increasingly adapt to the needs of individual users and how they choose to execute established/repetitive or ad-hoc processes, rather than forcing them to adapt to...
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Topics:
Performance Management,
Planning,
Predictive Analytics,
SAP,
ERP,
GRC,
Office of Finance,
Operational Performance Management (OPM),
Business Analytics,
Business Collaboration,
Business Mobility,
Cloud Computing,
Enterprise Software,
In-memory,
Mobility,
Business Performance Management (BPM),
finance,
Financial Performance Management (FPM),
Risk,
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
Financial Performance Management
Over the past six years big technology corporations have been acquiring all sorts of software companies, accelerating a general consolidation of the software industry since the dot-com boom ended in 2001. The consolidation has been driven in part by the deceleration of technology innovation in the business software market. Technology evolution, however, has been steady and progressed far enough now that I think we’re about to witness a revolution in how companies use analytics in business...
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Topics:
Big Data,
Mobile,
Planning,
Operational Performance Management (OPM),
Budgeting,
Analytics,
Business Analytics,
Business Collaboration,
Business Intelligence,
Business Mobility,
Cloud Computing,
IBM,
In-memory,
Business Performance Management (BPM),
Cognos,
Financial Performance Management (FPM),
Sales Performance Management (SPM),
Supply Chain Performance Management (SCPM),
Workforce Performance Management (WPM),
acquisition