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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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Getting Buy-In for Predictive Analytics in Health Care

Harvard Business

New predictive analytics tools promise to reduce waste and improve care by forecasting the likelihood of an event — for example, a patient being readmitted to a hospital or developing a life-threatening infection — and allowing providers to tailor treatments and services accordingly. Insight Center. Sponsored by Optum.

Tools 28
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What the Companies on the Right Side of the Digital Business Divide Have in Common

Harvard Business

Within the core business, digital technologies are fundamentally changing the way Honeywell creates and captures value for its industrial customers through new efficiencies and services that unlock new value. Ecolab is a prime example of this. billion gigabytes of data the company captures each day. Four Operating Pillars.

Company 28