Research
Fighting Money Laundering with Intelligent Automation
By Christopher Ghenne, Beth Herron, David Stewart, Robert Morison, Feb 08, 2021
The world of money laundering and other financial crimes – and they do span the globe – continues to reshape rapidly. The amount of money laundered is estimated at between 2 and 5 percent of global GDP. The midpoint of that range has over $3 trillion in illicit funds moving annually through the financial services industry. That’s several million dollars a minute. If the money laundering “industry” were a country, it would have the fourth or fifth largest GDP in the world…Today, continuous and sometimes radical improvement has become a business imperative. Institutions must rethink and accelerate their processes, become both more efficient and more nimble, and react faster to the changing schemes of financial crime.
Inquiry Response: A Case Against Lift-And-Shift Migration To Cloud
By IIA Expert, Feb 01, 2021
Available to Research & Advisory Network Clients Only
Inquiry:
To achieve cost optimizations, we’re about to migrate to the cloud using a lift-and-shift method. This seems to be the easiest way for us to make the move. What do you think?
Value and Opportunity: An Executive Guide to Procurement Integrity
By JEN DUNHAM, Laurent Colombant, Robert Morison, Jan 13, 2021
Procurement Integrity (PI) represents a broader problem and bigger opportunity than most businesses recognize. Comprehensive PI programs continuously validate purchasing transactions, using data and analytics to trace patterns, spot anomalies, and reduce fraud, waste, and abuse. The problems uncovered range from occasional opportunistic fraud to ongoing organized fraud, from duplicate invoices and other improper payments to regular kickbacks, from conflicts of interest to ongoing collusion with suppliers. Continuous monitoring of anomalies in procurement and supplier due diligence processes reveal potential problems, including data issues and process breaches, and help focus the efforts of audit and other investigative staff.
IIA Inquiry Response: The Challenge With SAP
By IIA Expert, Jan 11, 2021
Available to Research & Advisory Network Clients Only
Inquiry:
We’re transitioning from on-premises ETL to cloud ELP with Azure. We also transformed our analytics data platform to Snowflake. We’re wondering about a few things: data injection, whether to stick with Python coding, and, most importantly, how to deal with our SAP-heavy ERP footprint.
Inquiry Response: Preparing IoT Data For Advanced Analytics
By IIA Expert, Adam McElhinney, Dec 14, 2020
Available to Research & Advisory Network Clients Only
Inquiry:
We’re in the process of gathering our IoT data into an enterprise data lake to facilitate our advanced analytics efforts. Our main challenges are dealing with proprietary file formats and getting the data ready for the data science team. What would you suggest?
Inquiry Response: Bridging The Gap Between Analytics And Traditional IT
By IIA Expert, Mo Chaara, Nov 30, 2020
Available to Research & Advisory Network Clients Only
Inquiry:
Our analytics organization is in a bind because we’re ready to scale up a proof-of-concept, but we don’t have the IT structure in place to help with the data mapping, cleansing, and conforming. What can we do?
Inquiry Response: Uniting Analytics And Technology Partners
By IIA Expert, Nov 16, 2020
Available to Research & Advisory Network Clients Only
Inquiry:
The analytics team and IT partners team just merged and we’re running into a number of challenges. We have different definitions of what it means to put thing into production, and we’re not communicating cleanly with the business stakeholders. How can we make this work?
Inquiry Response: Working Towards Machine Learning Products with MLOps
By IIA Expert, Sep 28, 2020
Available to Research & Advisory Network Clients Only
Inquiry:
As we work towards our goal of deploying more machine learning (ML) models into production, how do we position our MLOps needs to the organization? What needs to happen for MLOps to be successful?
Inquiry Response: Making The Case For A Data Catalogue
By IIA Expert, Sep 21, 2020
Available to Research & Advisory Network Clients Only
Inquiry:
We’re considering buying a data catalog but struggle with the value proposition. What’s the best way to build a business case around purchasing a data catalog? Which vendors should we look at? For implementation, what are we looking at from a time-work effort standpoint?
Inquiry Response: Working Alongside Agile Teams
By IIA Expert, Michael Bewley, Aug 17, 2020
Available to Research & Advisory Network Clients Only
Inquiry:
Our data science team works alongside a strict Agile data engineering team and we’re finding collaboration to be difficult. Do you have any suggestions?