For many people, risk management helps companies make sure that their compliance risks are monitored and that they have controls in place to take care of them.
Personally, I strongly believe that risk management is much more than that – it helps companies really steer their business, avoid roadblocks, seize opportunities, and react appropriately.
Key Risk Indicators (KRIs) are indicators of the possibility of a future adverse impact on the organization. They serve as an early warning system to the stakeholders and enable preventive action to be taken directly on the risks and opportunities flagged.
In that sense, they …
In mobile business intelligence (BI) design, the “case for small” stems from the need to effectively manage performance and response time for mobile experiences. The concept has nothing to do with smaller screens or device sizes. Instead, it deals with the delivery of the content onto those screens.
One of the common denominators of all mobile user experiences deals with what I call the “patience factor.” Mobile users tend to be less patient about performance and response time than PC users, since they’re on the go with less time to spare.
On the other hand, the unmatched …
My daughter recently aced her SATs. She credited her preparation, but it was her overall perspective that struck me: “It’s not like it’s real life or anything.” Real-life decision making is hard. It’s almost always based on incomplete and unreliable data, contradictory “facts,” and yesterday’s news.
Yet decide we must, and the futures of our companies and our careers depend on it. Cash and liquidity would certainly make an interesting SAT test question: “80% of unit cash balances are available as of yesterday afternoon. How much Japanese Yen will we need in six weeks?”
To answer, we’d of course …
In my last blog, I discussed the advantages of leveraging mobility to improve the effectiveness of managing the audit process, considering the opportunities for improved professionalism, ease of evidence capture, improved work paper management, and improved auditor engagement.
In this blog, I’d like to consider the ways that audit databases can be used to improve the effectiveness of audit planning and to help with critical research during an audit project.
Audit work papers can be stored on laptop hard drives, on shared drives, or within various document management systems.
Of course, we all understand the professional and …
When it comes to defining success for most technology projects with user rollouts, such as mobile business intelligence (BI), adoption is the key indicator of success. The degree to which users embrace the solution depends on a variety of factors. Some may be highly visible and easily measurable. Others may be less so and may require interpretation. Moreover, additional measurements such as cost reduction or productivity improvements contribute to the overall success criteria.
Here are five signs of a successful mobile BI initiative.
1. Executive Sponsor with a Mobile Passion
The success of a mobile BI journey …
I’m sure you don’t need me to point this out—but we’re all accustomed to wandering around with a plethora of mobile devices, including tablets and phones. And yes, they come in very handy—getting directions to an offsite meeting, locating a restaurant, booking tickets for a show, clearing e-mail on the fly.
But have you noticed that increasingly, as we use these devices more, our expectations for what we can do on a mobile device are increasing? We have less tolerance for websites (and the brand behind them!) that don’t work well on our mobile device. And, increasingly, we find …
Proof of concepts (POC) specifically designed for business intelligence (BI) projects can be invaluable because they can help to mitigate or eliminate the risks associated with requirements whether we’re working with a new BI technology, asset, or data source.
POCs (sometimes referred to as proof of principle) may be presented with slightly varying interpretations in different areas of business and technology. However, a BI POC attempts to validate a proposed solution that may cover one or more layers of the BI spectrum through a demonstration with a small number of users.
There are many reasons why a BI …
When I take my little boy for a stroll in the park, I like observing how small, growing children interact with adults. You can tell the different parenting styles: the protective mum that isolates her children from others, the one who just lets them be but keeps an eye on them at all times, and the one that has no idea where her kids are but relies on the playground fence—she knows they won’t be able to go very far.
Governing self-service business intelligence (BI) is a bit like being a parent of a child that has grown fast …
We often associate the use of analytics with running a successful corporation, but the truth is, its use goes way beyond that. Analytics is now increasingly playing a role in sports (Super Bowl, soccer, tennis), in the public sector and politics, and at nonprofit organizations.
City Year: Helping Students and Schools
City Year is a national nonprofit organization that mobilizes young adults to serve as full-time tutors, mentors, and role models in many of the nation’s highest …