In theory, business intelligence transforms the raw data of organizations into information useful to them at the click of a mouse. Dashboards are updated in real time to give …
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5 business intelligence (BI) steps to smooth out a rocky road
When multi-attribute decision analysis needs Monte Carlo
Multi-attribute decision analysis (MADA) is by definition a complex matter. Trying to balance or optimize a number of criteria at the same time in order to make a decision is …
Can OR methods commoditize worker activity?
For those of you who thought that time and motion models were prehistoric relics, look out! OR methods might just be on the way to modeling new super-efficient workforce …
Monte Carlo modeling in personal finance: the ‘whoops’ factor
‘Don’t take a personal investment or retirement financing decision before we’ve done Monte Carlo modeling for you!’ When you think that Monte Carlo methods started as a way to …
The future of business analytics: mobility, collaboration & big data
Imagine a world where business analytics are as common on a manager’s PC or mobile device as, say, word-processing applications. Picture business information nervous systems …
Balanced scorecard, meet decision analytics!
If you’ve used the balanced scorecard approach before, you’ll know that it extends the older concept of purely financial measures of a company’s performance.
Business modeling refreshed from the web
The better and more up-to-date the input information is for your business modeling, the better quality results it will give you. The trick is to find an efficient way of …
Risk management: fish, finance & tradeoffs
Eating fish is good for you, isn’t it? Yes. And No. While fish are valuable nutritionally, especially the ones rich in omega-3 fatty acids, they may also contain methylmercury.