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Bank Profitability: Decoding the Income Statement

Tom Spencer

Bank’s Income Statement It’s important to note that banks have diverse product offerings and client types, and the reporting of business lines such as retail banking, wholesale banking, and wealth management can vary between different banks. For the sake of simplicity, we will present the information in a consolidated manner.

Banking 88
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Big Data: An Opportunity for Data Scientists & Data Analysts

Tom Spencer

Data is information organized in a form that can be efficiently used by people or computers to make decisions. For example, in 2021 the median salary for data scientists in America was around US$100,000 per year. Data Proliferation. Required Skills. In terms of pay, both roles offer highly competitive salaries.

Data 88
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Impact of Data Analytics in Consulting

Tom Spencer

Finding valuable insights: Structured and unstructured data sources can uncover patterns and relationships that reveal customer needs, expose system vulnerabilities and improve productivity and performance. Tailoring products to individual needs: Big data allows an organisation to narrowly segment customers. Image: Pexels. References.

Data 106
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The Consulting Value Proposition

Tom Spencer

For example, a company that needs to update its computer systems might seek advice from IT consultants. An example from 2014 occurred when McKinsey poached two partners from AlixPartners, one of the world’s best-known restructuring firms. Below we outline five (5) reasons why organisations engage consulting firms. Turnarounds.

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The Fight of The Two R’s: Robots v Redundancy

Tom Spencer

While robots were predicted and have led to significant productivity gains, there are at the same time a number of drawbacks (Taylor, 2019). This begs the question, why do we favour productivity and efficiency if the new technology is simultaneously kicking workers out of jobs and diminishing the user experience?

System 60
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Can AI Address Health Care’s Red-Tape Problem?

Harvard Business

Productivity in the United States’ health care industry is declining — and has been ever since World War II. This allows health care employees to devote more of their time to patients and focus on meeting their needs more efficiently. Westend61/Getty Images. Faster Hospital Bed Assignments.

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How Software Is Helping Big Companies Dominate

Harvard Business

They’re more productive , more profitable , more innovative , and they pay better. ” For example, productivity has grown dramatically in the retail sector since 1990; inflation-adjusted sales per employee have grown by roughly 50%. ” Vox is one example of the full-stack model. Policymakers have noticed.