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The Value of Value Chain Analysis in Transforming Your Business

N2Growth Blog

For example, Budgeting and establishing operating procedures could be core activities here; Staff – which contains a collection of core work activities that support staffing activities within a business area.

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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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Auditing Algorithms for Bias

Harvard Business Review

” For example, if a person was deemed a low credit risk, granted a loan, and then defaulted on that loan that would be a false positive. The model falsely predicted that the person had low credit risk. And it needed to operate alongside existing data science workflows so the innovation process is not hindered.

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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

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. Both are addressing cognitive applications that benefit customers and bring operational business value to their own organizations.

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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. Energy, agriculture, insurance, retail, human resources — no industry is unaffected. But this shift shouldn’t just be about capabilities.