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Posts Tagged ‘business analytics’
Elpar Vs. ATTRS: What is better?
At times, the “value” of the parent element needs to be referred to, to determine how a calculation applies to a specific element. A simple everyday example would be of Balance Sheet Vs. Income Statement across the time dimension. The QTD for Balance Sheet Accounts is the balance of the last completed month in the quarter […]
IBM Cognos TM1 Performance Modeler – Startup
As a seasoned Cognos TM1 architect, it is exciting to see the possibilities delivered with IBM Cognos TM1 Performance Modeler! With this tool, you can perform TM1 model prototyping with little or no programming experience. With performance modeler you can: Create applications – based on the objects contained in your model for use in Cognos […]
Dimensions – Part 1
Dimensions are the building blocks of OLAP tools like TM1. This underscores the need to have correct dimensions for the specific purpose intended. Dimensions can be classified in the following categories. Based on Functionality: Master / Reporting Dimensions The master dimensions are used to create other dimensions, which are mathematical subsets of the master dimension […]
Solution-Focused Product Sales and …Football?
In the after glow of the suspect lighting at the Super Bowl, I’d like to present an analogy of solution-focused product sales in business analytics to the game of football. Before I tackle the analogy, let’s first huddle-up and discuss the X’s and O’s of solution-focused sales delivery. Long gone are the good old days […]
Data Governance – Roles and Responsibilities
First Happy New Year and I hope you all had a chance to read my first posting on “The Importance of Data Governance and Which Data Governance/Organizational Model is Correct for Your Business.” As the prior posting is important, as you would first need to understand the different data governance models before you can truly […]
SwapAliasWithPrincipalName – Using Alias as Dimension Element
In TM environments that have models to plan employee-based salaries, dummy names are used as placeholders. As positions are filled, the intention is to replace the place holders with the actual employee code or names. This is only an isolated example. Similar needs would exist in multiple ways within an implementation. To support this, TM1 has […]
The Joy of End-of-Year Financial Reporting & A Merry New Year
Social Commentator, Will Rogers famously stated, “Even if you’re on the right track, you’ll get run over if you just sit there.” The once predictable & stable world of business has transformed into an unpredictable jungle that’s no place for the complacent finance organization. Our new normal environment requires finance to maneuver obstacles on an […]
2012 Tech Trends: Mobile, Social, Cloud and Business Analytics
IBM recently released the 2012 edition of their annual Tech Trends Report. The 2012 Tech Trends Report is based on a survey of more than 1,200 professionals who make technology decisions for their organizations (22 percent IT managers, 53 percent IT practitioners and 25 percent business professionals). The respondents come from 16 different industries and […]
Big Data Adoption Resources for Financial Institutions
Competition continues in the industry creating the need for transformational business strategies and technology to improve profitability for banks and financial institutions. As mentioned in our top technology trends post, Big data is widely talked about in banking as a catalyst for change. However, banks have only scratched the surface of using smarter analytics. As a technology service provider […]
Turning Customer Data into a Banking Goldmine with Big Data
Yesterday I sat in on a Big Thinkers in Big Data tweet chat hosted by Intel and Forrester’s Mike Gualtieri. With our Big Data in Financial Services webinar just around the corner I wanted to catch the latest on what others were saying about the topic and its relevancy in banking. As a marketer it is imperative I stay […]
Free-Hadoop for Dummies An IBM Platform Computing guide
Hadoop for Dummies is now available! This free eBook is packed with everything you need to know about Hadoop analytics, this handy guide provides you with a solid understanding of the critical big data concepts and trends, and suggests ways for you to revolutionize your business operations through the implementation of cost-effective, high performance Hadoop […]