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Bank Profitability: Decoding the Income Statement

Tom Spencer

A bank’s income statement can be simplified into five main line items: Net interest income Non-interest income Operating expenses Provision for credit losses (PCL) Tax Image 1: Illustrative example of a bank’s income statement Source: CIBC’s 2022 Annual Report 1. Image 2: Illustrative example of a bank’s non-interest income 3.

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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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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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Impact of Data Analytics in Consulting

Tom Spencer

Creating transparency: Value is created when data is made accessible to relevant stakeholders in a timely manner, for example, in manufacturing if data from research and development, engineering and manufacturing is integrated to enable concurrent engineering. This can significantly cut time in the market and improve quality. Image: Pexels.

Data 106
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The Fight of The Two R’s: Robots v Redundancy

Tom Spencer

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? Or, could we all have overlooked the warning in the movie WALL-E of what can happen when humans misuse ultra-modern technology? Image: Pexels. References.

System 60
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How Mayo Clinic Is Combating Information Overload in Critical Care Units

Harvard Business

How technology is changing the design and delivery of care. We created a multidisciplinary team of clinicians, researchers, and experts in clinical informatics to design and test information-technology tools that can help, rather than hinder, clinical care.

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How Physicians Can Keep Up with the Knowledge Explosion in Medicine

Harvard Business

For example, Intermountain employed a team of paid clinical experts to develop such clinical-decision-support algorithms based on scientific literature and Intermountain’s own experience in order to standardize how common medical conditions (such as pneumonia) are diagnosed and treated by its physicians. The path forward is clear.