Research

On the Road: Data Down Under

By Jack Phillips, May 25, 2017

As the leader of a world-class service organization, I’m on the road a lot meeting with research clients and prospective customers alike. Each week I try to meet or speak with at least one team at IIA’s ever-growing group of high-performing research clients. I thought it was time to start sharing some field notes of what I’m seeing and hearing. Last week I finished a trip to New Zealand and Australia, visiting with 10 companies from four distinct sectors in three major cities.

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Corruption is essentially the abuse of entrusted power for private gain; it uses a company as a tool for personal gain which is contrary to the official or fiduciary duty of the organization. Companies serious about reducing fraud within their walls need to recognize that regardless of their size and type, corruption is one of the most pervasive and impactful fraud types. It can occur in any department/division making purchases or from the other side of the business transaction in the company sales cycle.

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Enhancing Decision Support Analytics in the Digital Era

By Stephan Kudyba, Thomas Ott, May 17, 2017

Available to Research & Advisory Network Clients and Professional Members

Visualization techniques enable users to overcome the tedious activity of examining detailed data corresponding to functional areas and provides them with an easy to comprehend view of performance attributes, providing timely decision support from digital resources. However, despite the advantage of robust graphics, visualization often suffers from a major limitation. As users consume information from visual platforms, they often take the next step in the decision support process, which entails inquiring as to what the factors or variables are that drive performance metrics. In other words, what is causing KPIs to move? In statistical terms, performance metrics are dependent or target variables and users quickly seek to understand the driver or independent variables that affect dependent variables.

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Balancing Analytics Agility and Stability

By Bill Franks, May 11, 2017

There have been many science fiction stories (as well as video games!) that revolve around the tradeoffs between powerful, strong, hard to harm combatants and those that are small, nimble, but easy to harm. Both have their merits and both can be useful in different situations. However, the same profile doesn’t work best in every situation.

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Understanding Power in the Digital Economy

By Geoffrey Moore, May 09, 2017

We are all stakeholders in the economic systems within which we live and work, and the better we can understand their dynamics, the more likely we are to navigate them successfully. For the most developed economies of today, this means understanding the transition from an industrial to a digital economy, and specifically, how economic power is migrating from familiar to unfamiliar sites.

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Move Your Analytics Operation from Artisanal to Autonomous

By Thomas H. Davenport, May 02, 2017

Many organizations today are wondering how to get into machine learning, and what it means for their existing analytics operation. There are many different types of machine learning, and a variety of definitions of the term. I view machine learning as any data-driven approach to explanations, classifications, and predictions that uses automation to construct a model. The computer constructing the model “learns” during the construction process what model best fits the data. Some machine learning models continue to improve their results over time, but most don’t. Machine learning, in other words, is a form of automating your analytics. And it has the potential to make human analysts wildly more productive.

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Detecting Corruption with Analytics: A Roadmap

By Rich Lanza, May 01, 2017

Available to Research & Advisory Network Clients and Professional Members

This brief is intended for both internal auditors and information security practitioners who are eager to use quantitative data and analytics as a reliable tool to expose corrupt practices, and analytics professionals who are seeking a primer on the key application areas for analytics in the area of corruption.

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When I attend industry conferences or speak with Chief Data Officers (CDOs) and Chief Analytics Officers (CAOs) of large financial institutions, one popular question that arises is, “What do you hear about open source analytics in other large banks? Is it ready for production?”

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Less than 30% of companies have a process in place to measure the return on investment of their emerging technology projects according to a recent survey of 150 CIOs and CTOs. Too many companies still measure the performance and business value they get from IT based on the old work of IT rather than the new work of IT.

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Strata + Hadoop World 2017: Big Data and Analytics Developments from the Heart of Silicon Valley

By David Alles, Apr 24, 2017

Available to Research & Advisory Network Clients Only

Strata is a large conference covering a diverse set of data, analytics, and business topics. Tuesday (3/14/17) featured morning and afternoon tutorials (22 total with half day and full day sessions) covering a range of topics including: Developing a Modern Data Enterprise, Getting Started with TensorFlow, Architecting a Data Platform, and Determining the Economic Value of Your Data. Wednesday (3/15/17) and Thursday (3/16/17) featured keynote sessions in the morning followed by 45-minute breakout sessions until late in the afternoon. There were up to 17 breakout sessions in each session block and the conference also had an Expo Hall featuring over 150 vendors. Our objective for this report is to summarize the common themes and key trends emphasized at Strata into an easy-to-read guide that can serve as both a general reference and a resource for planning analytics initiatives. With this in mind, the report is organized into the following seven sections.

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