Blogs

What is the minimum amount of knowledge that professionals should have about risk assessment, given the vast size of this field? Risk affects reputations, safety, profitability ...

What goes around comes around. Do you know how old virtualization is really? Although it’s a buzzword today thanks to the rapid growth of cloud computing and vendors ...

‘Cloudify’ – a new verb in the English language signifying to design or adapt a resource or a process for operation in the cloud. See also cloudification (design, adaptation, modeling software for the cloud).

Are prescriptive analytics ‘the Final Frontier’ of analytics? This apparently is how market research firm Gartner sees this area, melding this third phase of business analytics ...

Going green is held to be ecologically sound and financially advantageous; and in many cases, it is. In many cases however, it’s also a decision involving a number of ...

Sometimes it’s one big thing that sinks a company. Gerald Ratner, former chief executive of the British Ratners Group, a leading jewelry company, came close. With one speech, ...

It’s a tough job, but somebody has to do it. Understanding the business consequences of IT failure (or, let’s be positive, IT success) on business is essential in order to plan ...

Scenario analysis is all about alternative worlds and parallel universes and may include black swans, but stops short of meteor strikes. Confused? Read on and we’ll find out what’s going on together. The name itself is a good place to start. Our aim is to evaluate risk for a particular plan of action according to different scenarios or situations that could arise as our plan unfolds. A key point to remember is that scenario analysis like this is not dependent on past results (in other words, it is not a prognosis); although some people use measures like the standard deviation of past results to provide a framework within which to construct plausible future scenarios.