Enterprises Say Big Data Analytics Key to Competitive Growth

“Eighty-seven percent of enterprises believe big data analytics will redefine the competitive landscape of their industries within the next three years,” according to a recent survey from Accenture and General Electric. Additionally, 89 percent believe that companies without a big data analytics strategy in the next year risk will lose market share and not be […]

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The Best Part of the Annual Budget is When it is Over!

By Gary Cokins, Founder of Analytics-Based Performance Management LLC Jeremy Hope (1948 – 2011) was a special type of management consultant and colleague who I highly respected. He started a revolutionary movement when he co-authored with Robin Fraser the book, Beyond Budgeting: How Managers Can Break Free from the Annual Performance Trap (Boston: Harvard Business School […]

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Data Journalism: Stories by Number?

How does one build, and tell, a compelling story? In mass media, this was formerly the domain of marketers and advertisers, tasked with weaving brand messaging into a consumer-friendly narrative. The rise of the internet prompted a shift: first to content farms, and then brand journalists crafting “adver-torial”, mining news sources to build and bolster […]

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GRC Tuesdays: Risk Management vs. Control Management

I was at a conference recently where I heard a presenter explaining his risk management strategy. He explained that they assessed risks annually and followed up with monthly and quarterly control assessment and testing. If This Is Risk Management, What Is Control Management? My view is that this is not risk management; it’s control management. […]

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How Internet of Things Big Data is Driving the “Fourth Industrial Revolution”

Interconnected manufacturing systems and devices powered by the Internet of Things (IoT) is continuing to automate a broad swath of manufacturing activities, linking wired and wireless networks in the development of products to enable smart manufacturing where processes govern themselves and smart systems take corrective action when needed, according to TechRepublic. As McKinsey & Company’s […]

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SAP Cloud for Planning – We Changed the Old Rules

by Gerrit Simon Kazmaier, Vice President and Head of Engineering, SAP Cloud for Planning In our last blog, Ivo Bauermann asked me about “Why design isn’t just for designers, but also engineers for whom “Code is law.” We changed the rules when we designed SAP Cloud for Planning. SAP Cloud for Planning is truly a […]

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A Predictive Analytics Primer for Managers

For companies to benefit from mining to find the business insight gems in big data, they certainly need data scientists and analysts, but it is also vital for managers to be well-versed in predictive analytics to bolster the bottom line. Many managers might be reluctant to delve into the world of predictive analytics because of […]

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How to Stay Ahead of the Competition – #SAP20tips Week Two

by Isabelle Nuage, Analytics, SAP We want to help more businesses tap into the power of predictive analytics. So last week, we launched a 20 tips campaign – a tip a day over four weeks – that introduces real-life scenarios of customers using predictive analytics to overcome business challenges. Each week of #SAP20tips is focusing […]

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Data and Analytics for Manufacturing Innovation

The key to sustaining a healthy and globally competitive manufacturing sector is making better use of data and analytics, according to an article on the Center for Data Innovation website. This so-called “smart manufacturing” could create $371 billion in net global value over the next four years, according to a 2014 estimate from the market intelligence firm […]

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Using Big Data and Analytics to Develop Fact-Based Hypotheses

There’s little doubt that the use of big data and analytics is having a dramatic impact in helping data scientists arrive at fact-based hypotheses. Data-driven decision-making is “the practice of basing decisions on the analysis of data rather than purely on intuition,” according to an article by Tom Fawcett and Foster J. Provost, professor of information systems […]

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