This document discusses reframing the value proposition for information quality. It provides statistics showing that poor quality information is a barrier to business goals for 75% of CFOs and that 84% of data migration projects fail. Only 1 in 10 companies perform data profiling affecting risk assessment. The document then discusses how information quality and data governance initiatives for 66% of organizations aim to improve information quality and for 58% aim to improve data warehousing and business intelligence capabilities. It stresses that what is being "sold" is the means and ability to align quality leaders and senior managers to move the organization forward through improved and trusted information.
Imagine … internal auditors identifying risks + opportunities from data. Internal auditors can + need to grasp this opportunity to transform their role and industry. More >> grantthornton.com/data-analytics
3 Tips to improve supplier information managementSarah Fane
3 tips to improve supplier information management and prepare your company for compliance and risk challenges.
For most companies, supplier information management has always been an afterthought. However over the last few years, increased risk and compliance requirements have made accurate and timely information more important than ever.
Today, many organizations struggle with keeping supplier information up to date, or have not prioritized projects to improve the quality of their data.
sharedserviceslink and Tradeshift conducted a Pulse Survey of the shared services market to understand how important accurate supplier information is, and what steps organizations are taking to improve supplier information and compliance.
Download this report for our results and our 3 tips to improve your supplier information management.
Turning internal audit into the data analytics epicenter for your organizationACL Services
Session from ACL Connections 2016
While most audit departments naturally focus more on their assurance services, this session will focus on how ACL can help elevate
your department’s advisory services into what one day could be the epicenter of data analytics across your organization. In this
dramatic presentation, an ACL customer shares their strategies, thought processes, speed-bumps, and successes as their
department rose to been seen as the data analytics leaders in their organization. Are you ready to take the next step?
Key learning outcomes:
• Understand the value of having a trusted, dedicated, centralized data analytics group
• Learn about real-world applications of how to use ACL to enhance your advisory services
• Explore different strategies to becoming the data analytics epicenter for your organization
CGT Research May 2013: Analytics & InsightsCognizant
A new survey conducted by Consumer Goods Technology (CGT) and sponsored by Cognizant explores how consumer goods companies are approaching data management strategies and usage.
Imagine … internal auditors identifying risks + opportunities from data. Internal auditors can + need to grasp this opportunity to transform their role and industry. More >> grantthornton.com/data-analytics
3 Tips to improve supplier information managementSarah Fane
3 tips to improve supplier information management and prepare your company for compliance and risk challenges.
For most companies, supplier information management has always been an afterthought. However over the last few years, increased risk and compliance requirements have made accurate and timely information more important than ever.
Today, many organizations struggle with keeping supplier information up to date, or have not prioritized projects to improve the quality of their data.
sharedserviceslink and Tradeshift conducted a Pulse Survey of the shared services market to understand how important accurate supplier information is, and what steps organizations are taking to improve supplier information and compliance.
Download this report for our results and our 3 tips to improve your supplier information management.
Turning internal audit into the data analytics epicenter for your organizationACL Services
Session from ACL Connections 2016
While most audit departments naturally focus more on their assurance services, this session will focus on how ACL can help elevate
your department’s advisory services into what one day could be the epicenter of data analytics across your organization. In this
dramatic presentation, an ACL customer shares their strategies, thought processes, speed-bumps, and successes as their
department rose to been seen as the data analytics leaders in their organization. Are you ready to take the next step?
Key learning outcomes:
• Understand the value of having a trusted, dedicated, centralized data analytics group
• Learn about real-world applications of how to use ACL to enhance your advisory services
• Explore different strategies to becoming the data analytics epicenter for your organization
CGT Research May 2013: Analytics & InsightsCognizant
A new survey conducted by Consumer Goods Technology (CGT) and sponsored by Cognizant explores how consumer goods companies are approaching data management strategies and usage.
Few decades ago, Managers relied on their instincts to take business decisions. They could afford to make mistakes and learn from it. Today, the scope for learning from mistakes is very minimal. Instincts should be backed by data to minimise mistakes.
Technological advancements, in addition to opening new channels of communication with customers, have also enabled organizations to collect vital information about their businesses with customers. But, have these organizations fully leveraged this data?
Today, Organizations make use of data for business decisions, but the data is not close enough to the customer to reap maximum benefit. In many cases, importance is not given to the granularity of data. The probability of “customer centric” decisions being right could be high, if the top management makes better use of the end user customer data (such as point of sale data, voice of customer, social media buzz etc.) to devise business strategies.
Your Digital Journey is Being Mapped by Your CustomersCapgemini
Capgemini's Scott Clarke talks with with MIT Sloan Management Review contributing editor Michael Fitzgerald about the impact of digital transformation and the reception of the research in the market.
Mastering Descriptive Analytics to Empower the Revenue Team to SucceedApttus
Descriptive analytics are essential for keeping on top of your business and understanding how to continuously improve your Quote-to-Cash processes. Learn how to master the competency of capturing insights from data to strengthen line-of-sight and decision making to drive profitable revenue growth.
Infographic | Quality of Data & Cost of Bad Data | Sapience AnalyticsSapience Analytics
As the quality of data becomes more and more crucial to the success of an organization, the cost of bad data goes staggeringly high.
Read this Infographic and understand the dependence of organizations on data in terms of:
Importance of data
Quality of data
Cost of bad data
Reasons for bad data quality
The advent of ‘big data’ has completely changed the way businesses can harness the information about customers to make powerful business decisions. Data could be of any type – campaign information, customer demographics, individual transaction behavior, interactions on social networks, web usage, or satisfaction surveys etc. BRIDGEi2i has the ability and experience to mine this wealth of unstructured and structured information to help businesses identify prospects, target them through the right channel, maximize cross sell and up-sell opportunities and thereby enhance the life time value of customer relationships. To know more visit: http://www.bridgei2i.com/customer-intelligence.html
Since the spread of IT systems has made it a pre-requisite that auditors as well as management have the ability to examine high volumes of data and transaction in order to determine patterns and trends. In addition, the increasing need to continuously monitor and audit IT systems has created an imperative for the effective use of appropriate data mining tools.
While a variety of powerful tools are readily available today, the skills required to utilize such tools are not. Not only must the correct testing techniques be selected but the effective interpretation of outcomes presented by the software is essential in the drawing of appropriate conclusions based on the data analysis. This 6 webinar series, based on Richard Cascarino’s book “Data Analytics for Internal Auditors” covers these skills and techniques.
Webinar 2 in a 6 Webinar Series - Analytics in the Audit
Conducting the Audit
Obtaining Information from IT Systems for Analysis
Use of Computer Assisted Audit Techniques
Real-world state of the BI market: Webinar presentation slidesYellowfin
Thinking about implementing a Business Intelligence (BI) solution, but aren’t sure how to navigate your way through an increasingly noisy business analytics software industry? Relax. We’ve got you covered.
Check out the recording of our recent Webinar series – The real-world state of the BI market. Discover the inside knowledge you need to ensure BI and analytics success.
And the best bit? It’ll only take 30 minutes of your time.
What will you learn?
Listen in as we dissect the results of 2013’s Wisdom of Crowds Business Intelligence Market Study – the BI industry’s most in-depth research report into major global implementation, usage and technology developments.
The real-world state of the BI market Webinar, and associated slides, outline:
•How to take advantage of the latest trends shaping the BI marketplace
•Why new generation consumer-oriented BI is set to dominate at the expensive of ‘traditional’ BI
•Why Yellowfin was rated No.1 in DAS’ competitive ranking of the world’s foremost BI vendors
If you’re thinking of deploying BI, you need to see beyond the hype. Take advantage of our expert analysis and explanation of the industry’s most prevalent, tangible and relevant trends.
Peter Rasmussen, MD, Medical Director for Distance Health at Cleveland Clinic and Paddy Padmanabhan, CEO Damo Consulting Inc. shared 'Digitally Transforming Patient and Caregiver Experiences' at HIMSS 2019 on Feb 15th at Session 309. The session described the key elements of an enterprise digital transformation strategy, Illustrated success in digital transformation with the Distance Health program (Cleveland Clinic’s Telehealth Program), and discussed the key learnings from the ongoing digital transformation at the Cleveland Clinic
How a centralized audit management system transformed our teamACL Services
Session from ACL Connections 2016
You understand the value that audit management technology can play in enabling success with your team, but are you overwhelmed
by the process of implementing software? In this tell-all hour, an ACL customer shares a window into their migration onto a
centralized system for managing projects, issues, and actions—including their thought process, approach, pitfalls and successes. She
will also share how ACL professional services helped her make critical change management decisions and mapped her processes to
ACL GRC functionalities. This session is intended for those who are interested in purchasing and implementing a new audit
management system as well as current ACL GRC users who want to learn how one of their peers is taking full advantage of the tool.
Key learning outcomes:
• Learn about the different factors that went into selecting a new tool
• Understand the challenges in the onboarding, migration and change management process of implementing a new audit
management system
• Learn how ACL professional services helped them transform their vision into reality, and made it easy for their team to
adopt
• See how their team is using project templates, and automating communication of issues and action plans
• Understand what the benefits have been so far and where the organization plans to go next
Targeted Analytics: Using Core Measures to Jump-Start Enterprise AnalyticsPerficient, Inc.
How top healthcare organizations are realizing the benefits of data analytics in such core areas as core measures, clinical alerting, surgical analytics, service line profitability, diabetes management, revenue cycle management, claims management and utilization.
Welcome to the Chief Analytics Officer Forum Europe
On 7th – 9th March 2016, over 80 Chief Analytics Officers and senior analytics leaders met in London for intimate, top-level discussions; dissecting the role of the CAO, exploring innovative case studies and addressing mutual cross-industry challenges. To learn more, visit http://www.caoforumeurope.com/
This event is organised by http://coriniumintelligence.com/
Few decades ago, Managers relied on their instincts to take business decisions. They could afford to make mistakes and learn from it. Today, the scope for learning from mistakes is very minimal. Instincts should be backed by data to minimise mistakes.
Technological advancements, in addition to opening new channels of communication with customers, have also enabled organizations to collect vital information about their businesses with customers. But, have these organizations fully leveraged this data?
Today, Organizations make use of data for business decisions, but the data is not close enough to the customer to reap maximum benefit. In many cases, importance is not given to the granularity of data. The probability of “customer centric” decisions being right could be high, if the top management makes better use of the end user customer data (such as point of sale data, voice of customer, social media buzz etc.) to devise business strategies.
Your Digital Journey is Being Mapped by Your CustomersCapgemini
Capgemini's Scott Clarke talks with with MIT Sloan Management Review contributing editor Michael Fitzgerald about the impact of digital transformation and the reception of the research in the market.
Mastering Descriptive Analytics to Empower the Revenue Team to SucceedApttus
Descriptive analytics are essential for keeping on top of your business and understanding how to continuously improve your Quote-to-Cash processes. Learn how to master the competency of capturing insights from data to strengthen line-of-sight and decision making to drive profitable revenue growth.
Infographic | Quality of Data & Cost of Bad Data | Sapience AnalyticsSapience Analytics
As the quality of data becomes more and more crucial to the success of an organization, the cost of bad data goes staggeringly high.
Read this Infographic and understand the dependence of organizations on data in terms of:
Importance of data
Quality of data
Cost of bad data
Reasons for bad data quality
The advent of ‘big data’ has completely changed the way businesses can harness the information about customers to make powerful business decisions. Data could be of any type – campaign information, customer demographics, individual transaction behavior, interactions on social networks, web usage, or satisfaction surveys etc. BRIDGEi2i has the ability and experience to mine this wealth of unstructured and structured information to help businesses identify prospects, target them through the right channel, maximize cross sell and up-sell opportunities and thereby enhance the life time value of customer relationships. To know more visit: http://www.bridgei2i.com/customer-intelligence.html
Since the spread of IT systems has made it a pre-requisite that auditors as well as management have the ability to examine high volumes of data and transaction in order to determine patterns and trends. In addition, the increasing need to continuously monitor and audit IT systems has created an imperative for the effective use of appropriate data mining tools.
While a variety of powerful tools are readily available today, the skills required to utilize such tools are not. Not only must the correct testing techniques be selected but the effective interpretation of outcomes presented by the software is essential in the drawing of appropriate conclusions based on the data analysis. This 6 webinar series, based on Richard Cascarino’s book “Data Analytics for Internal Auditors” covers these skills and techniques.
Webinar 2 in a 6 Webinar Series - Analytics in the Audit
Conducting the Audit
Obtaining Information from IT Systems for Analysis
Use of Computer Assisted Audit Techniques
Real-world state of the BI market: Webinar presentation slidesYellowfin
Thinking about implementing a Business Intelligence (BI) solution, but aren’t sure how to navigate your way through an increasingly noisy business analytics software industry? Relax. We’ve got you covered.
Check out the recording of our recent Webinar series – The real-world state of the BI market. Discover the inside knowledge you need to ensure BI and analytics success.
And the best bit? It’ll only take 30 minutes of your time.
What will you learn?
Listen in as we dissect the results of 2013’s Wisdom of Crowds Business Intelligence Market Study – the BI industry’s most in-depth research report into major global implementation, usage and technology developments.
The real-world state of the BI market Webinar, and associated slides, outline:
•How to take advantage of the latest trends shaping the BI marketplace
•Why new generation consumer-oriented BI is set to dominate at the expensive of ‘traditional’ BI
•Why Yellowfin was rated No.1 in DAS’ competitive ranking of the world’s foremost BI vendors
If you’re thinking of deploying BI, you need to see beyond the hype. Take advantage of our expert analysis and explanation of the industry’s most prevalent, tangible and relevant trends.
Peter Rasmussen, MD, Medical Director for Distance Health at Cleveland Clinic and Paddy Padmanabhan, CEO Damo Consulting Inc. shared 'Digitally Transforming Patient and Caregiver Experiences' at HIMSS 2019 on Feb 15th at Session 309. The session described the key elements of an enterprise digital transformation strategy, Illustrated success in digital transformation with the Distance Health program (Cleveland Clinic’s Telehealth Program), and discussed the key learnings from the ongoing digital transformation at the Cleveland Clinic
How a centralized audit management system transformed our teamACL Services
Session from ACL Connections 2016
You understand the value that audit management technology can play in enabling success with your team, but are you overwhelmed
by the process of implementing software? In this tell-all hour, an ACL customer shares a window into their migration onto a
centralized system for managing projects, issues, and actions—including their thought process, approach, pitfalls and successes. She
will also share how ACL professional services helped her make critical change management decisions and mapped her processes to
ACL GRC functionalities. This session is intended for those who are interested in purchasing and implementing a new audit
management system as well as current ACL GRC users who want to learn how one of their peers is taking full advantage of the tool.
Key learning outcomes:
• Learn about the different factors that went into selecting a new tool
• Understand the challenges in the onboarding, migration and change management process of implementing a new audit
management system
• Learn how ACL professional services helped them transform their vision into reality, and made it easy for their team to
adopt
• See how their team is using project templates, and automating communication of issues and action plans
• Understand what the benefits have been so far and where the organization plans to go next
Targeted Analytics: Using Core Measures to Jump-Start Enterprise AnalyticsPerficient, Inc.
How top healthcare organizations are realizing the benefits of data analytics in such core areas as core measures, clinical alerting, surgical analytics, service line profitability, diabetes management, revenue cycle management, claims management and utilization.
Welcome to the Chief Analytics Officer Forum Europe
On 7th – 9th March 2016, over 80 Chief Analytics Officers and senior analytics leaders met in London for intimate, top-level discussions; dissecting the role of the CAO, exploring innovative case studies and addressing mutual cross-industry challenges. To learn more, visit http://www.caoforumeurope.com/
This event is organised by http://coriniumintelligence.com/
This presentation explores the goals of today's data-driven organizations, the challenges imposed by external macro forces, and the imperative for data integrity to enable innovation and drive business success. Learn about the key insights and findings from the latest global survey of over 400 global data professionals, the 2023 Data Integrity Trends and Insights report.
This presentation contains our view on how data can be Strategically managed and stewarded in an organization, and the categories where rules can be applied to facilitate that process.
Data Governance Strategies for Public SectorPrecisely
Many government agencies are on a data-driven transformation journey to elevate data literacy whilst complying with legislative and regulatory policies.
Does your Data Governance strategy meet your regulatory and departmental objectives, and do you have actual and measured objectives that drive your governance? Can you trust your data to make critical decisions that enable policy development, data sharing with other agencies, and drive efficiencies?
Watch this on-demand recording to learn practical approaches your organisation can take to develop a data governance strategy that engages with key stakeholders, meets regulatory requirements, and delivers value for the long-term.
Data Innovation Summit: Data Integrity TrendsPrecisely
Data integrity remains an evolving process of discovery, identification, and resolution. With an all-time low in public confidence on data being used for decision-making, attention has gradually shifted to data quality and data integration across multiple systems and frameworks. Data integrity becomes a focal point again for companies to make strategic moves in a world facing an evolving economy.
Key takeaways:
· How to build a data-driven culture within your organization
· Tips to engage with key stakeholders in your business and examples from other businesses around the world
· How to establish and maintain a business-first approach to data governance
· A summary of the findings from a recent survey of global data executives by Drexel University's LeBow College of Business
The Data Driven Enterprise - Roadmap to Big Data & Analytics SuccessBigInsights
The Data Driven Enterprise - Roadmap to Big Data & Analytics Success
Presentation used at the series of Breakfast seminar around Australia hosted by Lenovo/Intel/SAP/EY
Data Quality: The Cornerstone Of High-Yield Technology InvestmentsshaileshShetty34
Maximizing return on technology investments is critical for organizations to remain competitive and achieve their business goals. By effectively leveraging technology, organizations can improve operational efficiency, reduce costs, enhance customer experience, and drive innovation. EnFuse helps businesses improve data quality by identifying data quality issues and establishing robust data management. Interested in learning more? Connect today! For more information visit here: https://www.enfuse-solutions.com/
Keep it Simple and Make it Fun: Change Management Success Stories from Unityw...Scout RFP
Sourcing and Procurement leaders must make fundamental changes in order to address today’s new, more challenging market environment and prepare for the future. How do you drive adoption of a new process and
then ensure improvements stick across the business? In this session, learn from Namejs Kin, Branch Manager - Procurement at Unitywater and Michael Leiken, Head of Spend Management at LendingTree as they walk you through key
factors to driving change management from a stakeholder perspective. Learn how to map out your timeline -- from build-out to go live -- and involve key stakeholders along the way. Above all, when it comes to change,
these experts will share actionable examples to help keep it simple, make it fun, and ensure it sticks.
Similar to Reframing the Value Proposition and Proposed Value of Information Quality (20)
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
8. 75% of CFOs interviewed by Gartner cited poor quality information/data as a direct barrier to achieving their business goals Source: Gartner Group, 11 August 2009
9. 84% of data migration projects fail to deliver on time or on budget Source: Bloor Research, 2007
10. 88% of respondents to a recent Deloitte survey reported “Data” as being either “Very Significant” or “Somewhat Significant” to their Enterprise Risk Management efforts Source: Deloitte Global Risk Management Survey 2009
11. Only 1 in 10 companies performed some form of data profiling on their datasets, affecting risk assessment on data migrations and other initiatives. Source: Bloor Research 2007
14. IAIDQ Data Governance Study 66% Of Data Governance initiatives were focussed on improving quality of information within the organisation 58% Said that their drivers were improved Data Warehousing and Business Intelligence capabilities. 47% Of respondents were addressing Compliance & Risk Management concerns through IQ/Data Governance Source: IAIDQ State of IQ/Data Governance Report, April 2008
19. Focus = alignment to strategy. Requires vertical Line of Sight to real measures of real work. People Information Information spans the org. horizontally, connecting teams/depts
20. Connecting Good Data to Good Decisions Communicate Socialize Decisions Analyze Feedback Knowledge Enhanced Compliance Increased Effort Contextualize Feedback Information Feedback Data Increased Value
21. What we are selling is the means and ability to align the interests of Senior managers and Information Quality leaders into a single cohesive agenda that moves the organisation forward
23. A Value Delivery System Value Proposition How resulting experiences will be provided How resulting experiences will be communicated Reduced costs of compliance All information required readily available with clear lineage and auditability Improved time/ability to respond to regulatory requests or investigation ??? ‘Early warning’ of issues likely to attract regulator ??? Quality built in, less risk of error and more timely awareness of problems Compliant at lower cost ??? Joined up organisation thinking, right hand knowing what left hand is doing View of customer record consistent across organisation Not winding up in court for harassment of customers ??? ???
25. Value Propositions evolve Memory sticks, card readers, printers, printing booths, photo albums Film, advice, photo albums Polaroid Pogo Film, advice, spare parts, developing Digital Camera Film(?), advice, photo albums Polaroid Instamatic Box Brownie
26. Resulting Experience (for their customers) Accurate and reliable billing mediation reference data which can be trusted 100% at all times.
27. How it is achieved Stringent Information Quality control (exceeding 6 sigma) Defect Prevention in their processes Statistical Process Control approach .
28. How it is communicated Publicly published statistics showing quality trends A blog about their quality A detailed case study of how they did it.
29. Resulting Experience Delivered? "In the first month, we billed an additional $140,000 that previously would have been left on the table, and that's just in the 12 states we used as a test."
30. Value Proposition for a Utility company Value Proposition How resulting experiences will be provided How resulting experiences will be communicated Reduced costs of compliance View of customer record consistent across organisation Ensure notifications about inaccuracy in customer data are investigated and corrected quickly Run Consistency checks on customer data on a regular basis Ensure training and organisation culture support quick response to inconsistencies or inaccuracies in customer data. Not winding up in court for harassment of customers Publish a consistency report for management Track accuracy reports and actions at management meetings Be able to compete on higher standard of customer care. Publish case studies on how well we are doing. Present at Conferences Internal blogs Regular training via web-based tools to embed knowledge and change
31. Compliance Problems getting you down? Buy a data profiling tool and all your troubles will be over. Trust me....
33. When we reflect on objectives and alignment, we need to be sure we are seeing the full picture…
Editor's Notes
Only 16% of data migrations are delivered on time and on budgetProject overruns average in excess of 40% of the total time budget.Project over-runs averaged over 30% of the total financial budget for the project.More than half of all respondents blamed poor, inadequate or unrealistic scoping for budget overruns (either time or money budgets).
If it is significant to Enterprise Risk then it is directly affecting the ability of the organisation toGenerate net cash flows inDeliver servicesBe compliantInformation is the engine of the enterprise.
While the Bloor Research study was looking at planning for data migrations, the fact that only 1 in 10 companies who responded to the survey had done any data profiling as part of planning their data migrations is a statistic that backs up the anecdotal stories from Risk Management consultants that the biggest problem in Risk Audits or Risk Reviews is that people don’t have information to make informed decisions, and for the information they do have, they are not always in a position to stand over the accuracy of it.
66% were improving “information quality” as a primary goal.58% were trying to improve Data Warehouse and Business Intelligence performance47% were addressing Compliance and Risk management goalsSome had multiple goals.But all of them were seeking to improve the quality of an asset that is capable of being consumed without being destroyed across BI functions, Compliance functions, marketing functions, Risk Management etc. etc.This asset is so fundamental to businesses that it spans multiple business processes, functions and perspectives. But it is not managed as an asset in many cases.42% of respondents were neutral or disagreed that their companies recognised information as an asset. However, the survey showed that there was significant benefit to be gained through synergistic goals (shared across +1 business units), treating information as a strategic asset, and improving the results and effectiveness of Governance and IQ efforts as the organisation improves its maturity.
What is it that we are selling as Information Quality Professionals? What service are we giving to our organisations?Until we can answer that question ourselves we won’t know where we are going or what we are doing or, more importantly, what we CAN do to add additional value in our organisations.Information Quality is about more than Data CleansingInformation Quality Management is about more than reacting to problemsIt is also about more than saving a BI initiative from the 84% failure rate of data migrations, or trying to get your organisation to actually profile your data.These are parts of the service that an Information Quality team can and should deliver. But to get where you want to go in your organisation, and to get your organisation to where it needs to be, we need to be clear about what high quality information, managed in an effective and efficient manner can deliver as a value proposition for organisations.
FactData and the quality of data is not managed as rigorously as are most other assets and activitiesA characterization of the state of data quality awareness and responsivenessPeople are generally aware of problems with dataPeople consistently underestimate, by a large amount, the extent of the problemPeople have generally no idea of the cost of the problem to the organizationPeople have generally no idea of the potential value in fixing the problemRegulatory pressures will inevitably be growing in a variety of industries, particularly as regulators move from a “light touch” model towards a more evidence based approach to assuring and ensuring that your business is being run in compliance with the relevant regulations.What Information Quality professionals and IQ teams are selling is the ability for internal and external information consumers to TRUST their information and be able to stand over it, act on it, and make decisions based on it, and to be able to ACT on FACT.The “added caring” is the fundamental change in how we treat information as an asset, what Dr Tom Redman calls the “Care and Feeding Test” that ensures that information is correctly governed and managed for quality outcomes. Just like the greenery in your office or the plants in your garden, information must be cared for and fed to blossom in the required way from the seeds of data.According to Redman, most organisations fail the care and feeding test.
These are some of the deadly sins of poor quality information which sow distrust and lead to non-caring in organisations.Note the significant bottom line impacts of poor quality information. Note too how Tom Redman draws a clear connection between Data Privacy and Data Quality (a connection I turned him on to back in 2005).Unfortunately, when we scratch below the surface of these issues we find the following;FactIT often does not want to raise a red flag since they know that they will be blamed for itBusiness management wants to believe that their IT departments are top notch and that their systems are first rateTransparency is still lackingIs this an IT problem? What about?Poorly articulated requirementsPoor acceptance testingPoor data creation processes… and more?
How many projects have we been involved in where the end result was not what was expected/desired due to a failure to properly specify or manage information?18 inches vs 18 feetAnd every data quality tool can go up to 11.
Barnaby Donlon presents this model for strategic alignment. There are a number of key points to note about itInformation is the FOUNDATION which enables PEOPLE to conduct Operations and ensures effective allocation of resources to deliver the strategy in a focussed way.Information spans the organisation horizontally, connecting functional teams and external partners… it is the lingua franca of business.Information provides the vertical line of sight that links policy/strategy to practice & action. FocusThe focus is about ensuring organizational commitment and alignment to the strategy.Alignment occurs in three major dimensions: 1) forging a consensus among executive leadership teams, 2) creating a vertical line of sight between the corporate goals and those pursued by employees on the front lines, and 3) creating horizontal connections between functional teams and external partners who must collaborate to achieve shared goals associated with key customer-oriented processes.Measurement, which helps drive focus and commitment, must be linked to strategy; for as the expression goes, if you don't measure it, you can't manage it. Accordingly, if you don't manage it, don't measure it.ResourcesThe resources domain involves allocating financial and other resources required to fund strategy and operations, and monitoring those resources continuously to ensure goal achievement.Once leaders have established their strategic objectives and scorecard measures, they can select a portfolio of initiatives that will address actual or expected performance gaps.Strategic initiatives are intervention projects treated as special expenditures easily distinguished from operational expenses (opex) and capital expenditures (capex), which are typically required to maintain normal business operations. The term "stratex" is becoming a common way to treat these special investments.5OperationsThe operations domain entails analyzing the drivers of business performance and linking operational processes to the execution of strategy.Key processes are the critical link between strategy and operations. For operations to support strategy, processes should be mapped to strategic objectives and continuously monitored through a set of measures.By modeling the cause-and-effect relationships between elements of a process, operational managers can determine the appropriate measures to attach to the process. (See the example from LoPrice Airlines as described in Veth's September 2006 column).6PeopleThe people domain is about ensuring employee readiness and personal goal alignment, and aligning HR processes and systems to support the strategy.Just as strategy is executed through initiatives and operations is executed through processes, the awareness and commitment of people in any organization can make or break success.Because strategy is about commitment and change and operations is about compliance with established processes, people need to be involved at both levels through continuous leadership communications, personal goal alignment, and employee reward and recognition systems.InformationThe information domain involves developing a technology platform to enable core processes and support the analytic needs of the enterprise.In today's knowledge economy, business strategy cannot be executed without technology. The proliferation of business intelligence applications such as scorecards and dashboards is a reflection of the reality that information is the new gold.Every enterprise depends on the leadership of the IT organization to develop a platform and information architecture that support timely decision-making at both the strategic and operational level. This effort starts with a clear understanding of business requirements and must adapt as business needs change over time.
Information is the key to effective alignment. Part of the problem is that we’ve created a silo’d view of it, and quite often the message that “it’s the Information Stoopid” is politically difficult to sell in a crowded market place.
The term “value Proposition” originated with former McKinsey consultant Michael J Lanning.It is defined as the Entire set of resulting experiences that a customer has arising from products or services that an organisation provides.Lanning’s Value Delivery System is a framework that makes organisations think about what the Resulting Experiences should be, how they will be provided to the customer, and how the experiences will be communicated to ensure that they are delivered. The communication might include:Publication of reports to a RegulatorPublishing of quality reports on a public website or including an “information quality index” in your annual reportsInternal publication of quality reportsCollation of reports of “defects” and errors in a shared repository with associated root causes
The value proposition of the ‘photographers studio’ has evolved over time. From a studio you went to, they forked off into Wedding photographersCamera shopsCamera shops evolved a value proposition based on knowledge and service, and developed a value delivery system that enabled them to defend against 1hour photo development, instamatic cameras, digital cameras etc. The key thing was to truly understand the key resulting experience that their customers wanted and give that to them, and communicate that that is what was being given.See Lanning’s book for more details (although it is a few years old at this stage, the case studies on photography stores are well worth a look).
The value proposition of the ‘photographers studio’ has evolved over time. From a studio you went to, they forked off into Wedding photographersCamera shopsCamera shops evolved a value proposition based on knowledge and service, and developed a value delivery system that enabled them to defend against 1hour photo development, instamatic cameras, digital cameras etc. The key thing was to truly understand the key resulting experience that their customers wanted and give that to them, and communicate that that is what was being given.See Lanning’s book for more details (although it is a few years old at this stage, the case studies on photography stores are well worth a look).
Tele-tech services provide billing intermediation services for long haul carriers in the US.Their data is used to calculate $billions of call minute billing in the US each month for land-line and mobile calling.
Tele-tech exceed 6-sigma standards to drive the highest quality data to their customers.The simple stringent rule is that if there is one defect in one field in one record on a file, the entire file is classed as a defective file.They worked to eliminate errors by:Improving trainingAdding more preventative quality control measures to their delivery processesConducting post-mortems on errors to understand the root causesSeizing opportunities to prevent errorsOn-going weekly training for their knowledge workers to discuss business rules, exceptions, processes, key lessons learned, tips & tricks etc.A full review of all processes to find and eliminate root causes of errorsSimulations in a “Top Gun” environment where errors are created in clean data sets and the knowledge workers have to find and fix them. Not all errors are actually errors though, with some trick questions thrown in.Automation of data management processes based on lessons learned to reduce risk of human error.
Tele-tech services provide billing intermediation services for long haul carriers in the US.They have achieved 100% accuracy in their data and have made the quality of the information they have provided a key selling factor in their services. Through working with their customers they have also identified other business opportunities and services that they have managed to derive from the high quality information they produce.The fact that they don’t’ have to spend time checking and correcting errors or processing refunds means they have had the slack in their business to build greater success based entirely on the trust they have developed as a proven provider of quality information.
This is the value proposition for IQ for a utility company which recently lost a high profile case in the Court of Appeal in England & Wales.
When we reflect on our objectives and our alignment, we need to be sure we are seeing the full picture…