Research

Inquiry Response: Graph Databases for Customer Data Complexity

By IIA Expert, Feb 08, 2021

Available to Research & Advisory Network Clients Only

Inquiry:

We’re developing a customer data platform and are challenged by the wide variety of ways our customers interact with us. How are other organizations trying to solve this problem?

Response:

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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.

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Inquiry Response: Beginning Considerations for Global Supply Chain Analytics

By Mark Molau, IIA Expert, Dec 23, 2019

Available to Research & Advisory Network Clients Only

Inquiry:

We’re a consumer products multinational, and we need to expand our supply chain analytics efforts. What should we be thinking about?

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2020 ANALYTICS PREDICTIONS AND PRIORITIES

By Thomas H. Davenport, Bill Franks, Drew Smith, Robert Morison, Dec 19, 2019

Each year, the International Institute for Analytics ends the year with a look at the latest analytics trends and the most pressing analytics challenges currently facing organizations. Our predictions are based upon our day-to-day work supporting and advising analytics leaders and organizations. We take advantage of the breadth of expertise and cross-industry perspectives we encounter every day from our clients, partners, and members of the IIA expert network. This is our 10th annual look toward the upcoming year, and our annual Predictions and Priority research brief and the associated webinar have become among IIA’s most popular content of the year. This year, we’ve stuck with our approach of augmenting each of our predictions with a specific priority for leaders to focus on as they attempt to address that prediction. As a result, each priority provides specific guidance as to how to best prepare for, and adapt to, its corresponding prediction.

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The Fuzzy Line Between Good and Evil Data Science

By Bill Franks, Sep 12, 2019

Available to Research & Advisory Network Clients Only

The vast majority of people building analytics and data science processes have every intention of being good and ethical. As a result, most potentially unethical and evil processes arise in situations where that wasn’t the intention. The problem is typically that proper focus and governance is not in place to keep analytics and data science processes on the side of good. On top of that, what is good and what is evil isn’t nearly as clear cut as we’d wish it to be.

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Mapping an Information Economy

By Doug Mirsky, Aug 16, 2019

Available to Research & Advisory Network Clients Only

The data warehouse revolution began in 1991 when Bill Inmon published Building the Data Warehouse. Inmon observed, early in that book, that every organization has a naturally occurring information economy, and that most naturally occurring information economies were inefficient, duplicative and prone to produce suboptimal decisions.

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We’ve had technical people focused on the ingestion and management of data for decades. But, only recently has data engineering become a critical, widespread role. Why is that? This post will outline a somewhat contrarian view as to why data engineering has become a critical function and how we might expect the role to evolve over time.

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Creating A Data Engineering Culture: What it is, why it’s important, and how, and how not, to build

By Jesse Anderson, Jul 31, 2019

Available to Research & Advisory Network Clients Only

Why do some analytics projects succeed while so many fail? According to Gartner analyst Nick Heudecker, as many as 85% of big data projects fail. However, the ROI from the other 15% that succeed is incredibly promising. With such a clearly high barrier to competency in executing big data strategies, there remains significant opportunity for first-mover advantage for enterprises that can crack the code to improving their outcomes. So, what can organizations do to increase their chances of big data success? Part of the answer lies in creating a data engineering culture. This is the necessary foundation underpinning a big data analytics proficiency and enables companies to outperform the competition.

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Mastering the Art & Science of Storytelling

By Brent Dykes, Jul 26, 2019

Available to Research & Advisory Network Clients Only

Analytics experts love data. But just presenting raw data or even insights derived from data isn’t good enough. To create business value from data requires that analytics professionals develop skills at data storytelling. This entails telling persuasive stories, tailored to a specific audience, that combine data, narrative, and visuals effectively. Why Storytelling? Human beings love stories. In fact, author Philip Pullman has written, “After nourishment, shelter, and companionship, stories are the thing we need the most in the world.” And scriptwriting expert Robert McKee has said, “Storytelling is the most powerful way to put ideas into the world today.”

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Inquiry Response: Where Machine Learning Can Help with Decision Making

By Blake Johnson, Jun 10, 2019

Available to Research & Advisory Network Clients Only

Inquiry:

What are use cases where machine learning (ML) delivers the best decisions and performance? Vendors are peddling their ML solutions, and because it’s sexy right now, they’re gaining traction with executives being told outside ML algorithms will outperform on every data problem.

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