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	<title>Predictive Analytics Archives - Amick Brown</title>
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	<description>IT Solutions and Consulting Company Specializing in SAP &#38; Business Intelligence</description>
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		<title>Amick Brown, LLC Awarded SBA 8(a) Small Business Certification</title>
		<link>https://amickbrown.com/amick-brown-llc-awarded-sba-8a-small-business-certification/</link>
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		<dc:creator><![CDATA[Karen Gildea]]></dc:creator>
		<pubDate>Wed, 10 Oct 2018 19:57:44 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Business Intelligence]]></category>
		<category><![CDATA[Cloud]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[Programming]]></category>
		<category><![CDATA[Resourcing]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[SAP Support]]></category>
		<category><![CDATA[Staffing and Placement]]></category>
		<guid isPermaLink="false">https://amickbrown.com/?p=3408</guid>

					<description><![CDATA[<p>San Ramon, CA, September 25, 2018 Amick Brown has been certified by the US Small Business Administration (SBA) as an 8(a) Certified Small Business.  Entrance into the SBA’s 8(a) business development program was granted after Amick Brown successfully completed a rigorous application process to ensure that we met the SBA 8(a) program standards. The 8(a)  [...]</p>
<p>The post <a href="https://amickbrown.com/amick-brown-llc-awarded-sba-8a-small-business-certification/">Amick Brown, LLC Awarded SBA 8(a) Small Business Certification</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>San Ramon, CA, September 25, 2018</strong></p>
<p><img decoding="async" class="size-medium wp-image-3410 alignleft" src="https://amickbrown.com/wp-content/uploads/SBA-8a-1-300x91.jpg" alt="" width="300" height="91" srcset="https://amickbrown.com/wp-content/uploads/SBA-8a-1-200x61.jpg 200w, https://amickbrown.com/wp-content/uploads/SBA-8a-1-300x91.jpg 300w, https://amickbrown.com/wp-content/uploads/SBA-8a-1-400x122.jpg 400w, https://amickbrown.com/wp-content/uploads/SBA-8a-1.jpg 407w" sizes="(max-width: 300px) 100vw, 300px" /></p>
<p>Amick Brown has been certified by the US Small Business Administration (SBA) as an 8(a) Certified Small Business.  Entrance into the SBA’s 8(a) business development program was granted after Amick Brown successfully completed a rigorous application process to ensure that we met the SBA 8(a) program standards.</p>
<p>The 8(a) certification with its associated business development opportunities has a nine-year contract period and will allow Amick Brown to pursue sole source federal and state government contracts as well as set-aside contracts allocated to 8(a) certified companies.  We look forward to new opportunities to serve our customers in the government sector.</p>
<p>Anitha Brown, Managing Partner and Co-Founder commented saying “This is an exciting opportunity for Amick Brown.  Our company has had steady growth since its establishment in 2010.  Achieving 8(a) certification at this point in our history offers the potential for significant growth over the next few years.”</p>
<p>Amick Brown also offers the following technology services under GSA Schedule 70: SIN 132 51 &#8211; Information Technology Professional Services (NAICS 541511, 541512, 541513, 541519)</p>
<p>Amick Brown, LLC is an Information Technology consulting company providing IT consulting and staffing services with a focus on Cloud &amp; Network Technologies, SAP and Business Intelligence.  We are also an SBA Woman-Owned Small Business (WOSB) and are certified by the Women Business National Council (WBENC) as a Woman-Owned Business Enterprise (WBE). We are an SAP Services Silver Partner and are IS0 9001-2015 certified.</p>
<p>The company was formed in 2010 by a team of experienced IT professionals. We are headquartered in San Ramon, CA and have an additional office in Sacramento, CA. Our experienced IT professionals support customers nationwide in the commercial and public sectors. Our team has mature processes, established infrastructure and the ability to scale which enables us to quickly provide resources matching our customer’s requirements.</p>
<p>The post <a href="https://amickbrown.com/amick-brown-llc-awarded-sba-8a-small-business-certification/">Amick Brown, LLC Awarded SBA 8(a) Small Business Certification</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>Amick Brown Receives ISO 9001 Certification</title>
		<link>https://amickbrown.com/amick-brown-receives-iso-9001-certification/</link>
					<comments>https://amickbrown.com/amick-brown-receives-iso-9001-certification/#respond</comments>
		
		<dc:creator><![CDATA[Karen Gildea]]></dc:creator>
		<pubDate>Wed, 25 Jul 2018 23:12:40 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Big data]]></category>
		<category><![CDATA[Business Intelligence]]></category>
		<category><![CDATA[Cloud]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[HANA]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[Programming]]></category>
		<category><![CDATA[Quality]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[SAP Support]]></category>
		<category><![CDATA[Security]]></category>
		<category><![CDATA[Staffing and Placement]]></category>
		<category><![CDATA[ISO 9001]]></category>
		<guid isPermaLink="false">https://amickbrown.com/?p=3377</guid>

					<description><![CDATA[<p>July 17, 2018  Amick Brown is proud to announce that we have been awarded ISO 9001 certification.  The ISO 9001 standard is the world’s most widely recognized quality management system (QMS) certification. With more than 1 million companies certified in over 170 countries, ISO 9001 defines requirements for companies who want to ensure that their products  [...]</p>
<p>The post <a href="https://amickbrown.com/amick-brown-receives-iso-9001-certification/">Amick Brown Receives ISO 9001 Certification</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p style="font-weight: 400;"><img fetchpriority="high" decoding="async" class="size-medium wp-image-3376 alignleft" src="https://amickbrown.com/wp-content/uploads/ISO9001-stamp-300x250.png" alt="" width="300" height="250" srcset="https://amickbrown.com/wp-content/uploads/ISO9001-stamp-200x166.png 200w, https://amickbrown.com/wp-content/uploads/ISO9001-stamp-300x250.png 300w, https://amickbrown.com/wp-content/uploads/ISO9001-stamp.png 346w" sizes="(max-width: 300px) 100vw, 300px" />July 17, 2018  Amick Brown is proud to announce that we have been awarded ISO 9001 certification.  The ISO 9001 standard is the world’s most widely recognized quality management system (QMS) certification. With more than 1 million companies certified in over 170 countries, ISO 9001 defines requirements for companies who want to ensure that their products and services consistently meet customer requirements and to continually improve their business processes. ISO 9001:2015 is the current version of the standard that can be applied to any size company in any industry.  This standard is based on a number of quality management principles including a strong customer focus, risk based thinking, the commitment of top management, the process approach and continual improvement.</p>
<p style="font-weight: 400;">Our decision to pursue ISO 9001 accreditation supports our commitment to providing high-quality services to our clients and to our goals of continual improvement.  We have developed our quality management system in order to improve overall performance, to maintain a high-level of quality with regard to our services and to focus on customer satisfaction.</p>
<p style="font-weight: 400;">To become ISO 9001 compliant, Amick Brown developed key process plans and documentation, a quality manual, measurement, communication and purchasing plans, as well as processes to track non-conformances and corrective actions.  We would like to acknowledge The Core Solution.com &#8211; ISO Experts for Small Businesses (<a href="https://www.thecoresolution.com/">www.thecoresolution.com</a>) for helping us to understand the standard, providing training to our team and guidance as we built processes to ensure our compliance.</p>
<p>Amick Brown underwent two comprehensive audits by Perry Johnson Registrars, Inc. (www.pjr.com) in order to achieve the certification.  We are proud to say that there were no non-conformances noted.</p>
<p>We look forward to providing high quality services to our clients and to continual improvement.</p>
<p style="font-weight: 400;">
<p>The post <a href="https://amickbrown.com/amick-brown-receives-iso-9001-certification/">Amick Brown Receives ISO 9001 Certification</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>GET MORE VALUE FROM OPERATIONAL ASSETS WITH PREDICTIVE ANALYTICS</title>
		<link>https://amickbrown.com/get-value-operational-assets-predictive-analytics/</link>
					<comments>https://amickbrown.com/get-value-operational-assets-predictive-analytics/#respond</comments>
		
		<dc:creator><![CDATA[Karen Gildea]]></dc:creator>
		<pubDate>Wed, 14 Dec 2016 01:29:21 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[analytics]]></category>
		<category><![CDATA[Pierre Leroux]]></category>
		<category><![CDATA[predictive analytics]]></category>
		<guid isPermaLink="false">http://www.amickbrown.com/?p=2328</guid>

					<description><![CDATA[<p>By Pierre Leroux, Director, Predictive Analytics Product Marketing Sharpening operational focus and squeezing more efficiencies out of production assets—these are just two objectives that have COOs and operations managers turning to new technologies. One of the best of these technologies is predictive analytics. Predictive analytics isn’t new, but a growing number of companies are using  [...]</p>
<p>The post <a href="https://amickbrown.com/get-value-operational-assets-predictive-analytics/">GET MORE VALUE FROM OPERATIONAL ASSETS WITH PREDICTIVE ANALYTICS</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap" style="max-width:1216.8px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-text fusion-text-1"><p>By  <em>Pierre Leroux, Director, Predictive Analytics Product Marketing</em></p>
<p>Sharpening operational focus and squeezing more efficiencies out of production assets—these are just two objectives that have COOs and operations managers turning to new technologies. One of the best of these technologies is predictive analytics. <strong>Predictive analytics</strong> isn’t new, but a growing number of companies are using it in predictive maintenance, quality control, demand forecasting, and other manufacturing functions to deliver efficiencies and make improvements in real time. So what is it?<span id="more-12798"></span></p>
<p><em>Predictive analytics is a blend of mathematics and technology learning from experience (the data companies are already collecting) to predict a future behavior or outcome within an acceptable level of reliability.</em></p>
<p>Predictive analytics can play a substantial role in redefining your operations. Today, let’s explore three additional cases of predictive analytics in action:</p>
<ul>
<li>Predictive maintenance</li>
<li>Smart grids</li>
<li>Manufacturing</li>
</ul>
<p><strong>Predictive Maintenance</strong></p>
<p><a href="https://en.wikipedia.org/wiki/Predictive_maintenance" target="_blank" rel="noopener">Predictive maintenance</a> assesses equipment condition on a continuous basis and determines if and when maintenance should be performed. Instead of relying on routine or time-based scheduling, like having your oil changed every 3,000 miles, it promises to save money by calling for maintenance only when needed or to avoid imminent equipment failure.</p>
<p>While equipment is in use, sensors measure vibrations, temperature, high-frequency sound, air pressure, and more. In the case of predictive maintenance, predictive models allow you to make sense of the streaming data and score it on the likelihood of failure occurring. Coupled with in-memory technologies, it can detect machine failures hours in advance of it occurring and avoid unplanned downtime by scheduling maintenance sooner than planned.</p>
<p>This all means less downtime, decreased time to resolution, and optimal longevity and performance for equipment operators. For manufacturers, predictive maintenance can streamline inventory of spare parts and the ongoing monitoring services can become a source of new revenue. And as predictive maintenance becomes <a href="https://www.youtube.com/watch?v=9oyInxA5vQ8" target="_blank" rel="noopener">part of the equipment</a>, it also has the potential to become a competitive advantage.</p>
<p><strong>Smart Grids</strong></p>
<p>Sensors and predictive analytics are also changing the way utilities manage highly distributed assets like electrical grids. From reliance on unconventional energy sources like solar and wind to the introduction of electric cars, the energy landscape is evolving. One of the biggest challenges facing energy companies today is keeping up with these rapid changes.</p>
<p><a href="https://www.smartgrid.gov/the_smart_grid/smart_grid.html" target="_blank" rel="noopener">Smart grids</a> emerge when sensor data is combined with other data sources such as temperature, humidity, and consumption forecasts at the meter level to predict demand and load. For example, combined with powerful in-memory technologies, predictive analytics can be used by electricity providers to improve load forecasting. That leads to frequent, less expensive adjustments that optimize the grid and maintain delivery of consistent and dependable power.</p>
<p>As more houses are equipped with smart meters, data scientists using predictive analytics can build advanced models and apply forecasting to groups of customers with similar load profiles. They can also present those customers with some ideas to reduce their energy bill.</p>
<p><strong>Manufacturing</strong></p>
<p>The manufacturing industry continues its relentless drive for customization and “Lot sizes of 1” with innovations such as the connected factory, the Internet of Things, next shoring, and 3D printing. It’s also hard at work making sure it extracts the maximum productivity from existing facilities, which traditionally has been accomplished by using automation and IT resources. According to <a href="http://www.aberdeen.com/research/8406/ai-big-data-advanced-analytics/content.aspx" target="_blank" rel="noopener">Aberdeen</a>, the need to reduce the cost of manufacturing operations is now the top reason companies seek more insight from data.</p>
<p>Quality control has always been an area where statistical methods have played a key role in whether to accept or reject a lot. Now manufacturers are expanding predictive analytics to the testing phase as well. For example, tests on components like high-end car engines can be stopped long before the end of the actual procedure thanks to predictive analytics. By analyzing test data from the component’s ongoing testing against the data from other engines, engineers can identify potential issues faster. That in turn, maximizes the capacity available for testing and reduces unproductive time. That is only one of the many applications manufacturers find for predictive analytics.</p>
<p><strong>Innovations on the Shop Floor</strong></p>
<p>Predictive analytics provides an excellent opportunity for COOs and operations managers to extract additional value from production assets. It can also be an opportunity to create critical differentiators in the way products are created and delivered to customers—by providing it as a paid service (predictive maintenance) or as insight (predicting future electricity consumption).</p>
<p>However a company chooses to use it, predictive analytics can be the key to beating the competition.</p>
<p><strong>Discover and Follow</strong></p>
<p>And join the predictive conversation by following me on Twitter <a href="http://www.twitter.com/pileroux" target="_blank" rel="noopener">@pileroux</a>.</p>
</div></div></div></div></div>
<p>The post <a href="https://amickbrown.com/get-value-operational-assets-predictive-analytics/">GET MORE VALUE FROM OPERATIONAL ASSETS WITH PREDICTIVE ANALYTICS</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>Dresner&#8217;s Advanced and Predictive Analytics Study Ranks SAP #1 for Second Time in a Row</title>
		<link>https://amickbrown.com/dresners-advanced-and-predictive-analytics-study-ranks-sap-1-for-second-time-in-a-row/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Thu, 10 Nov 2016 11:51:29 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[HANA]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[Chandran Sarvana]]></category>
		<category><![CDATA[Hadoop]]></category>
		<category><![CDATA[in memory]]></category>
		<category><![CDATA[SAP Predictive Analytics]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=347</guid>

					<description><![CDATA[<p>By  Chandran Saravana,  Senior Director Predictive Analytics Product Marketing For the second year in a row SAP has received the number one ranking in the Wisdom of Crowds 2016 Advanced and Predictive Analytics Market Study by Dresner Advisory Services. The Dresner study reached over 3000 organizations and vendors’ customer communities and 20+ industry verticals with  [...]</p>
<p>The post <a href="https://amickbrown.com/dresners-advanced-and-predictive-analytics-study-ranks-sap-1-for-second-time-in-a-row/">Dresner&#8217;s Advanced and Predictive Analytics Study Ranks SAP #1 for Second Time in a Row</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>By  <a href="https://www.linkedin.com/in/saravanarchandran">Chandran Saravana</a>,  Senior Director Predictive Analytics Product Marketing</p>
<p>For the second year in a row SAP has received the <strong>number one</strong> ranking in the Wisdom of Crowds 2016 Advanced and Predictive Analytics Market Study by Dresner Advisory Services. The Dresner study reached over 3000 organizations and vendors’ customer communities and 20+ industry verticals with an organization size ranging from 100 to 10,000+. <span id="more-13315"></span></p>
<p>Study findings include:</p>
<ul>
<li>Organizations view advanced/predictive analytics as building on existing business intelligence efforts.</li>
<li>Over 90% agree about the importance and value of advanced and predictive analytics.</li>
<li>Statisticians/data scientists, business intelligence experts, and business analysts are the greatest adopters of advanced and predictive analytics.</li>
<li>Regression models, clustering, textbook statistical functions, and geospatial analysis are the most important analytic user features/functions.</li>
<li>Usability features addressing sophisticated advanced/predictive analytic users are almost uniformly important today and over time, led by easy iteration, advanced analytic support, and model iteration.</li>
<li>In-memory analytics and in-database analytics are the most important scalability requirements to respondents, followed distantly by Hadoop and MPP architecture.</li>
</ul>
<p>I find it interesting that the Dresner study finds <strong>“Hybrid roles are also evident”</strong> and confirms SAP’s customer organization usage of predictive analytics. The research study looked at core advanced and predictive features, data preparation, usability, scalability, and integration as key criteria to rank the vendors.  Though usability criteria looked at many things, I would like to highlight one key one—<strong>“Support for easy iteration”</strong>—that ranked as most important.</p>
<p>In the <strong>scalability criteria, </strong>“In-memory analytics” ranked as most important one followed by “In-database analytics” and “In-Hadoop analytics (on file system).”</p>
<p><strong>Read the Complete Dresner Report</strong></p>
<p>You can find lots more in the 92-page <a href="http://discover.sap.com/leading-in-predictive-analytics/en_us/index.html#section_2" target="_blank">Dresner Wisdom of the Crowds report</a>. I invite you to take a look.</p>
<p><a href="http://www.amickbrown.com">AmickBrown.com</a></p>
<p>The post <a href="https://amickbrown.com/dresners-advanced-and-predictive-analytics-study-ranks-sap-1-for-second-time-in-a-row/">Dresner&#8217;s Advanced and Predictive Analytics Study Ranks SAP #1 for Second Time in a Row</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>In the New Digital Economy, Everything Can Be Digitized and Tracked : Now What?</title>
		<link>https://amickbrown.com/in-the-new-digital-economy-everything-can-be-digitized-and-tracked-now-what/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Tue, 27 Sep 2016 11:04:04 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Big data]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[big data]]></category>
		<category><![CDATA[Digital]]></category>
		<category><![CDATA[Pierre Leroux]]></category>
		<category><![CDATA[predictive analytics]]></category>
		<category><![CDATA[sap]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=338</guid>

					<description><![CDATA[<p>by Pierre Leroux, Director, Predictive Analytics Product Marketing Welcome to a world where digital reigns supreme. Remember when the Internet was more of a ‘push’ network? Today, it underpins how most people and businesses conduct transactions – providing peer-to-peer connections where every single interaction can be tracked. Enterprises are still not taking full advantage. With  [...]</p>
<p>The post <a href="https://amickbrown.com/in-the-new-digital-economy-everything-can-be-digitized-and-tracked-now-what/">In the New Digital Economy, Everything Can Be Digitized and Tracked : Now What?</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="post-meta">by <a href="https://ca.linkedin.com/in/pleroux"><em>Pierre Leroux, Director, Predictive Analytics Product Marketing</em></a></div>
<div class="post-content">
<p><a href="http://1cvzxc3mbeqj4358hl1k47bj.wpengine.netdna-cdn.com/analytics/files/2016/09/customer_register.jpg"><img decoding="async" class="alignleft wp-image-13355" src="http://1cvzxc3mbeqj4358hl1k47bj.wpengine.netdna-cdn.com/analytics/files/2016/09/customer_register-300x200.jpg" alt="Woman Buying Clothes" width="200" height="133" /></a>Welcome to a world where digital reigns supreme. Remember when the Internet was more of a ‘push’ network? Today, it underpins how most people and businesses conduct transactions – providing peer-to-peer connections where every single interaction can be tracked.<span id="more-13354"></span></p>
<p>Enterprises are still not taking full advantage. With hundreds of millions of people connected, it’s possible for them to connect their suppliers with their customers and their payment systems, and reach the holy grail of seamlessly engaging in commerce, where a transaction can be tracked from purchase, to order received, to manufacturing, through to shipment— all in real time. It’s clear that end-to-end digitization delivers enormous potential, but it has yet to be fully tapped by most companies.</p>
<p>In the latest #askSAP Analytics Innovations Community Webcast, <strong><a href="http://event.on24.com/wcc/r/1220371/7829B4381992DC30C477AD70CFDA572F?partnerref=postevent">Reimagine Predictive Analytics for the Digital Enterprise</a></strong>, attendees were given an introduction to SAP BusinessObjects Predictive Analytics, along with some key use cases. The presentation covered native in-memory predictive analytics, deploying predictive analytics on Big Data, and how to bring predictive insight to Business Intelligence (BI).</p>
<p>The live, interactive call was moderated by  SAP Mentor  <strong>Greg Myers</strong> and featured expert speakers <strong>Ashish Morzaria, </strong>Global GTM Director, Advanced Analytics, and <strong>Richard Mooney, </strong>Lead Product Manager for Advanced Analytics.</p>
<p>The speakers noted that companies used to become leaders in their industries by establishing an unbeatable brand or by having a supply chain that was more efficient than anyone else’s. While this is still relevant in the digital economy, companies now have to think about how they can turn this new digital economy to their advantage. One of the keys is turning the digital economy’s key driver —the data— to their advantage.</p>
<p>Companies embracing digital transformation are outperforming those who aren’t. With predictive analytics, these companies can use historical data to predict behaviors or outcomes, answer “what-if” questions, and ensure employees have what they need to make optimized decisions. They can fully leverage customer relationships with better insight, and make meaningful sense of Big Data.</p>
<p>One big question delved into during the call: How can companies personalize each interaction across all channels and turn each one into an advantage? The answer: By getting a complete digital picture of their customers and applying predictive analytics to sharpen their marketing focus, optimize their spend, redefine key marketing activities, and offer product recommendations tailored to customers across different channels.</p>
<p><strong>Real-World Customer Stories</strong></p>
<p>The call also focused on some real-world examples of customers achieving value by using and embedding predictive analytics in their decisions and operations, including Cox Cable, Monext, M-Bank, and Mobilink.</p>
<p>These companies have been able to improve performance across thousands of processes and decisions, and also create new products, services, and business models. They’ve squeezed more efficiencies and margins from their production assets, processes, networks, and people.</p>
<p>One key takeaway is the importance of using algorithms, as they provide insights that can make a business process more profitable or competitive, and spotlight new ways of doing business and new opportunities for growth.</p>
<p>The speakers also presented a very detailed customer case study on Harris Logic. The company is using SAP BusinessObjects Predictive Analytics for automated analytics and rapid prototyping of their models. They execute models into SAP HANA for real-time predictions using a native, logistical regression model. This approach is allowing for the identification of key predictors that more heavily influence a behavioral health outcome.</p>
<p><strong>Learn More</strong></p>
<p>Lots of food for thought. See what questions people were asking during the webcast and get all of the answers <a href="https://dam.sap.com/mac/download/ad/nJPXh.htm" target="_blank">here</a>. Check out the <a href="http://www.slideshare.net/SAPanalytics/asksap-analytics-innovations-community-call-reimagine-analytics-for-the-digital-enterprise" target="_blank">complete presentation</a>, and continue to post your questions and watch for dates for our upcoming webcast in the series via Twitter using <a href="https://twitter.com/search?q=%23askSAP&amp;src=typd" target="_blank">#askSAP</a>.</p>
</div>
<p><a href="http://www.amickbrown.com">AmickBrown.com</a></p>
<p>The post <a href="https://amickbrown.com/in-the-new-digital-economy-everything-can-be-digitized-and-tracked-now-what/">In the New Digital Economy, Everything Can Be Digitized and Tracked : Now What?</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>What You Need to Know About Supply Chain Risk</title>
		<link>https://amickbrown.com/what-you-need-to-know-about-supply-chain-risk/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Wed, 07 Sep 2016 13:26:16 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Business Intelligence]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[Supply Chain]]></category>
		<category><![CDATA[Matthew Liotine]]></category>
		<category><![CDATA[operations]]></category>
		<category><![CDATA[predictive analytics]]></category>
		<category><![CDATA[supply chain risk]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=333</guid>

					<description><![CDATA[<p>#3 in  series by Matthew Liotine, Ph.D. , Strategic Advisor, Business Intelligence and Operations, Professor University of Illinois In our previous articles, we discussed how disruptions to a supply chain can originate from a multitude of sources. According to some current trends, it is apparent that there is continued rise in measured losses from disruptions  [...]</p>
<p>The post <a href="https://amickbrown.com/what-you-need-to-know-about-supply-chain-risk/">What You Need to Know About Supply Chain Risk</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>#3 in  series by<a href="https://www.linkedin.com/in/mliotine"> Matthew Liotine</a>, Ph.D. , Strategic Advisor, Business Intelligence and Operations, Professor University of Illinois</strong></p>
<p>In our previous <a href="http://blogs.amickbrown.com/category/supply-chain/">articles</a>, we discussed how disruptions to a supply chain can originate from a multitude of sources. According to some current trends, it is apparent that there is continued rise in measured losses from disruptions such as natural events and business volatility. Traditionally, supply chains are designed for lean operational efficiency wherever possible, yet such efficiency requires the minimization of excess capacity, inventory and redundancy – the very things that are needed to create resiliency against disruptive risks. Risk assessment tools and methodologies help decision-makers to identify the most cost effective controls that can strike the right balance between cost and risk reduction to protect against disruption. Typically, <em>the most cost effective controls are those that can minimize the common effects arising from multiple disruptive threats</em>. In order to understand the kind of controls that could be effective, one must recognize the risk outcomes from common supply chain vulnerabilities, which is the focus of this article.</p>
<p><strong>What is Risk?</strong></p>
<p>Before continuing, it would be worthwhile to revisit some of the terminology that we have been using in previous discussion, in order to understand how risk is derived. Fundamentally, risk is the chance (or the probability) of a loss or unwanted negative consequence. For decision purposes, it is often calculated numerically as a function of probability and impact (sometimes called single loss expectancy), and quantitatively expressed as an “expected” loss in monetary value or some other units. A common flaw with using risk values is that they mask the effects of impact versus probability. For example, an expected loss of $100 does not reflect whether high impact is overwhelming low probability, or high probability is overwhelming low impact. Thus, it is not clear whether this value is the expected loss due to an event that occurs 10% of the time and causes $1000 in damages when it occurs, or due to an event that occurs 20% of the time and causes $500 in damages when it occurs. For this very reason, risk values must be used in conjunction with probability and damage values, along with many other metrics, in order for the decision maker to compare the one risk against another. Risk values are not precise and are usually not to be used as standardized values for business management. Nevertheless, risk values can be used to provide decision makers with a means to distinguish risks and control options <em>on a relative basis. </em>Figure 1 illustrates the fundamental parameters that are used to construct risk values, and how they relate to each other.</p>
<p><a href="http://blogs.amickbrown.com/wp-content/uploads/2016/09/SC-3-graphic.png"><img decoding="async" class="alignnone wp-image-335" src="http://blogs.amickbrown.com/wp-content/uploads/2016/09/SC-3-graphic-300x228.png" alt="SC 3 graphic" width="372" height="283" /></a></p>
<p><strong>Figure 1 – Fundamental Components of Risk</strong></p>
<p><em>Hazards, conditions and triggers</em> are situations that increase or cause the likelihood of an adverse event (sometimes referred to as a peril). In our last article, we examined numerous sources of hazards that can threaten a supply chain. <em>Vulnerabilities</em> are factors that can make a system, in our case a supply chain, susceptible to hazards.  They are usually weaknesses that can be compromised by a hazardous condition, resulting in a <em>threat</em>. The likelihood, or probability, of a threat circumstance occurring must be considered, for reasons discussed above. If it occurs, <em>failures</em> can take place, whose effects are quantified as impacts. When impacts are weighed against the likelihood of the threat, the result is a risk that poses an <em>expected loss</em>. <em>Controls</em> are countermeasures that a firm can use to offset expected losses.</p>
<p>With respect to a supply chain, there are many ways to classify risk. Academics have made many attempts to try to classify risks according to some kind of ontology or framework (Harland, Brenchley and Walker 2003) (Gupta, Kumar Sahu and Khandelwal 2014) (Tummala and Schoenherr 2011) (Peck 2005) (Monroe, Teets and Martin 2012) (Chopra and Sodhi 2004). Some of the more common supply chain risk classifications include:</p>
<p><strong><em>Recurring risks – </em></strong>These risks arise within the operational environment due to the inability to match supply and demand on a routine basis. The ensuing effects are lower service levels and fill rates.</p>
<p><strong><em>Disruptive risk – </em></strong>These risks result from loss of supply or supplier capacity, typically driven by some disruptive event.</p>
<p><strong><em>Exogenous risk – </em></strong>These risks arise within the operational environment and are process driven (e.g. poor quality control, design flaws, etc.), usually within the direct influence of the firm. They typically require the use of preventive mechanisms for control.</p>
<p><strong><em>Endogenous risk – </em></strong>These risks originate externally, either from the supply side or demand side, which may not necessarily be under a firm’s direct influence. They typically involve the use of responsive mechanisms for control.</p>
<p>While many classification attempts have been noble in nature, in the end it is difficult to classify risks according to a single scheme, for a variety of reasons. First, the lines of demarcation between risk categories can be blurred and there could be overlap between them. For example, from the above categories, one can easily argue about the differences between exogenous and recurring risks. Second, every firm is different, and thus one framework may not fit all. Finally, risk methodology approaches may differ somewhat across various industries, as evidenced by different industry best practices and standards for risk analysis.</p>
<p>Supply chains can exhibit many kinds of vulnerabilities, but quite often these can be viewed as either <em>structural</em> or <em>procedural</em> in nature. <em>Structural vulnerabilities stem from deficiencies in how the supply chain is organized, provisioned and engineered.</em> Single points of failure can arise when there is insufficient diversity across suppliers, product sources or the geographical locations of sources. Inadequate provisioning can create shortages in inventory or capacity to meet customer demands. <em>Procedural vulnerabilities</em> <em>stem from deficiencies in business or operational processes.</em> Gaps and oversights in planning, production or transport processes could adversely affect a firm’s ability to respond to customer needs. Insufficient supply chain visibility could render a firm blind to oversights in supplier vetting and management practices, quality assurance and control, or demand planning.</p>
<p>Such kinds of vulnerabilities, combined with an aforementioned hazardous condition, results in the supply chain failing in some fashion. Table 1 illustrates some of the more common modes of supply chain failure.</p>
<p><strong>Table 1 – Common Supply Chain Failure Modes</strong></p>
<table>
<tbody>
<tr>
<td width="369">Degraded fill rate</p>
<p>Degraded service level</p>
<p>High variability of consumption</p>
<p>Higher product cost</p>
<p>Inaccurate forecasts</p>
<p>Inaccurate order quantity</p>
<p>Information distortion</p>
<p>Insufficient order quantities</td>
<td width="369">Longer lead times/delays</p>
<p>Loss of efficiency</p>
<p>Lower process yields</p>
<p>Operational disruption</p>
<p>Order fulfillment errors</p>
<p>Overstocking/understocking</p>
<p>Poor quality supplied</p>
<p>Supplier stock out</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>Ultimately, such <em>supply chain failures result in increased costs, loss of revenue, loss of assets, or combination thereof</em>. Common risks are typically assessed as increases in ordering costs, product costs, or safety stock costs. Product stock out losses can be assessed as backorder costs or loss of sales and business revenue. Different kinds of firms will be prone to different types of risks. For example, a manufacturing firm with long supply chains will be more susceptible to ordering variability (or bullwhip) types of effects versus a shorter retail supply chain which would be more sensitive to fill rate and service level variability. Understanding and characterizing these risks is necessary in order to develop strategies to control or manage them. Quantifying risks provides the decision maker with a gauge to assess risk before and after a control is applied, thereby assessing the prospective benefit of a potential control. Using quantified risk values, in combination with other parameters, enables a decision maker to prioritize potential control strategies according to their cost-effectiveness.</p>
<p><strong>Conclusions</strong></p>
<p>Risk is the chance or the probability of a loss or unwanted negative consequence. Inherent supply chain weaknesses such as sole sourcing, process gaps or lack of geographical sourcing diversity can render a supply chain more vulnerable to some hazardous, unforeseen condition or trigger event, such as a strike or major storm, resulting in undesirable increases in costs, asset loss or revenue loss. Such risks can be quantified to some extent, quite often in monetary units, and can be used to facilitate cost-benefit analysis of potential control strategies. In our next article, we will take a look some of the most favored strategies to control supply chain risk.</p>
<p><a href="http://www.amickbrown.com"><strong>AmickBrown.com</strong></a></p>
<p><strong>Bibliography</strong></p>
<p>Chopra, S., and M. Sodhi. &#8220;Managing Risk to Avoid Supply-Chain Breakdown.&#8221; <em>MIT Sloan Management Review</em>, 2004: 53-61.</p>
<p>Gupta, G., V. Kumar Sahu, and A. K. Khandelwal. &#8220;Risks in Supply Chain Management and its Mitigation.&#8221; <em>IOSR Journal of Engineering</em>, 2014: 42-50.</p>
<p>Harland, C., R. Brenchley, and H. Walker. &#8220;Risk in Supply Networks.&#8221; <em>Journal of Purchasing &amp; Supply Management</em>, 2003: 51-62.</p>
<p>Monroe, R. W., J. M. Teets, and P. R. Martin. &#8220;A Taxonomy for Categorizing Supply Chain Events: Strategies for Addressing Supply Chain Disruptions.&#8221; <em>SEDSI 2012 Annual Meeting Conference Proceedings.</em> Southeast Decision Sciences Institute, 2012.</p>
<p>Peck, H. &#8220;Drivers of Supply Chain Vulnerability.&#8221; <em>International Journal of Physical Distribution &amp; Logistics Management</em>, 2005: 210-232.</p>
<p>Tummala, R., and T. Schoenherr. &#8220;Assessing and Managing Risks Using the Supply Chain Risk Management Process (SCRMP).&#8221; <em>Supply Chain Management: An International Journal</em>, 2011: 474-483.</p>
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<p>&nbsp;</p>
<p>The post <a href="https://amickbrown.com/what-you-need-to-know-about-supply-chain-risk/">What You Need to Know About Supply Chain Risk</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>10 Data Visualizations You Need to Know Now</title>
		<link>https://amickbrown.com/10-data-visualizations-you-need-to-know-now/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Thu, 01 Sep 2016 21:16:44 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Business Intelligence]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[Irvin Akopov]]></category>
		<category><![CDATA[SAP analytics]]></category>
		<category><![CDATA[visualization tools]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=330</guid>

					<description><![CDATA[<p>by Irvin Akopov, Content Marketing Manager, Business IntelligenceNo one likes reading through pages or slides of stats and research, least of all your clients. Data visualizations can help simplify this information not only for them but you too! These ten different data visualizations will help you present a wide range of data in a visually  [...]</p>
<p>The post <a href="https://amickbrown.com/10-data-visualizations-you-need-to-know-now/">10 Data Visualizations You Need to Know Now</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap" style="max-width:1216.8px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-text fusion-text-2" style="--awb-text-transform:none;"><p>by <em>Irvin Akopov, Content Marketing Manager, Business Intelligence</em></p>
<div id="post-13206" class="blog-post single">
<div class="post-content">
<p>No one likes reading through pages or slides of stats and research, least of all your clients. Data visualizations can help simplify this information not only for them but you too! These ten different data visualizations will help you present a wide range of data in a visually impactful way.<span id="more-13206"></span></p>
<p><strong>1.Pie Charts and Bar Graphs—The Usual Suspects for Proportion and Trends</strong></p>
<p>New to data visualization tools? Start with the traditional pie chart and bar graph. Though these may be simple visual representations, don’t underestimate their ability to present data. Pie charts are good tools in helping you visualize market share and product popularity, while bar graphs are often used to compare sales revenue over the years or in different regions. Because they are familiar to most people, they don’t need much explanation—the visual data speaks for itself!</p>
<p><strong>2</strong>.<strong>Bubble Chart—Displaying Three Variables in One Diagram</strong></p>
<p>When you have data with three variables, pie charts and bar graphs (which can only represent two variables at the most) won’t cut it. Try bubble charts, which are generally a series of circles or “bubbles” on a simple X-Yaxis graph. In this type of chart, the size of the circles represents the third variable, usually size and quantity.</p>
<p>For example, if you need to present data on the quantity of units sold, the revenue generated, and the cost of producing the units, use a bubble chart. Bubble charts immediately capture the relationship between the three variables and, like line graphs, can help you identify outliers quickly. They’re also relatively easy to understand.</p>
<p><strong>3.Radar Chart—Displaying Multiple Variables in One Diagram</strong></p>
<p>For more than three variables in a data set, move on to the radar chart. The radar chart is a two-dimensional chart shaped like a polygon with three or more variables represented as axes that start from the same point.</p>
<p>Radar charts are useful for plotting customer satisfaction data and performance metrics. Primarily a presentation tool, they are best used for highlighting outliers and commonalities, as radar charts are able to simplify multivariate data sets.</p>
<p><strong>4.Timelines—Condensing Historical Data</strong></p>
<p>Timelines are useful in depicting chronological data. For example, you can use it to chart company milestones, like product launches, over the years.</p>
<p>Forget the black and white timelines in your history textbooks with few dates and events charted. With simple tools online, you can add color and even images to your timeline to accentuate particular milestones and other significant events. These additions not only make your timeline more visually appealing, but easier to process too!</p>
<p><strong>5.Arc Diagrams—Plotting Relationships and Pairings</strong></p>
<p>The arc diagram utilizes a straight line and a series of semicircles to plot the relationships between variables (represented by nodes on the straight line), and helps you to visualize patterns in a given data set.</p>
<p>Commonly used to portray complex data, the number of semicircles within the arc diagram depends on the number of connections between the variables. Arc diagrams are often used to chart the relationship between products and their components, social media mentions, and brands and their marketing strategies. The diagram can itself be complex, so play around with line width and color to make it clearer.</p>
<p><strong>6.Heat Map—For Distributions and Frequency in Data</strong></p>
<p>First used to depict financial market information, the heat map has nothing to do with heat but does display data “intensity” and size through color. Usually utilizing a simple matrix, the 2D area is shaded with different colors representing different data values.</p>
<p>Heat maps are not only used to show financial information, but web page frequency, sales numbers and company productivity as well. If you’ve honed your data viz skills well enough, you can even create a heat map to depict real time changes in sales, the financial market, and site engagement!</p>
<p><strong>7.Chloropleth and Dot Distributions Maps—For Demographic and Spatial Distributions</strong></p>
<p>Like heat maps, chloropleths and dot distribution maps use color (or dots) to show differences in data distribution. However, they differ from heat maps because they’re specific to geographical boundaries. Chloropleths and dot distribution maps are particularly useful for businesses that operate regionally or want to expand to cover more markets, as it can help present the sales, popularity, or potential need of a product to the client in compelling visual language.</p>
<p><strong>8.Time Series—Presenting Measurements over Time Periods</strong><strong><br /></strong></p>
<p>This looks something like a line graph, except that the x-axis only charts time, whether in years, days, or even hours. A time series is useful for charting changes in sales and webpage traffic. Trends, overlaps, and fluctuations can be spotted easily with this visualization.</p>
<p>As this is a precise graph, the time series graph is not only good for presentations (you’ll find many tools to help you create colorful and even dynamic time series online), it’s useful for your own records as well. Professionals both in business and scientific studies typically make use of time series to analyze complex data.</p>
<p><strong>9.Word Clouds—Breaking Down Text and Conversations</strong></p>
<p>It may look like a big jumble of words, but a quick explanation makes this a strong data visualization tool. Word clouds use text data to depict word frequency. In an analysis of social media mentions, instead of simply saying “exciting” has been used x number of times while “boring” has been used y number of times, the word that is used most frequently appears the largest, and the word that hardly appears would be in the smallest font.</p>
<p>Word clouds are frequently used in breaking down qualitative data sets like conversations and surveys, especially for sales and branding firms.</p>
<p><strong>10.Infographics—Visualizing Facts, Instructions and General Information</strong></p>
<p>Infographics are the most visually appealing visualization on this list, but also require the most effort and creativity. Infographics are a series of images and text or numbers that tell a story with the data. They simplify the instructions of complex processes, and make statistical information easily digestible. For marketers, infographics are a popular form of visual content and storytelling.</p>
</div>
</div>
<p>&#8211; See more at: <a href="https://blogs.sap.com/2020/06/01/data-visualization-then-and-now-2020/" target="_blank" rel="noopener noreferrer">https://blogs.sap.com/2020/06/01/data-visualization-then-and-now-2020/</a></p>
</div></div></div></div></div>
<p>The post <a href="https://amickbrown.com/10-data-visualizations-you-need-to-know-now/">10 Data Visualizations You Need to Know Now</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>The Nature of Supply Chain Risk</title>
		<link>https://amickbrown.com/the-nature-of-supply-chain-risk/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Wed, 17 Aug 2016 12:52:02 +0000</pubDate>
				<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[Supply Chain]]></category>
		<category><![CDATA[Matthew Liotine]]></category>
		<category><![CDATA[predictive analytics]]></category>
		<category><![CDATA[supply chain risk]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=232</guid>

					<description><![CDATA[<p>Contributed by Matthew Liotine, PHD In our last article, we looked at the magnitude of the supply chain risk problem and how it is a major concern for most companies – large or small. Studies have shown that most companies experience one or few supply chain disruptions annually, each resulting in some significant loss. Many  [...]</p>
<p>The post <a href="https://amickbrown.com/the-nature-of-supply-chain-risk/">The Nature of Supply Chain Risk</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Contributed by<a href="https://www.linkedin.com/in/mliotine"> Matthew Liotine</a>, PHD</p>
<p>In our last article, we looked at the magnitude of the supply chain risk problem and how it is a major concern for most companies – large or small. Studies have shown that most companies experience one or few supply chain disruptions annually, each resulting in some significant loss. Many of these disruptions involve key suppliers or those below Tier 1. Never the less, many firms still lack commitment to controlling supply chain risk for the reasons of the costs and complexity involved. Consequently, many firms will tend to favor short term ROI solutions versus longer-term solutions that involve investing capital to improve both their supply chain infrastructure and operational resilience. Larger firms will manage risk more strategically using a combination of executive governance and/or data driven approaches. While operational data is increasingly becoming more available, much work is still needed in leveraging such data for strategic risk management. The nature of risk in the supply chain lies with a firm’s exposure to potential disturbances to the supply chain operation. Many of these disturbances can be manifested in various ways, usually in the form of single, multiple or recurring events, conditions or phenomena. In this article, we will examine what kinds of hazards, events or triggers can possibly compromise supply chain weaknesses and can ultimately threaten supply chain operations.</p>
<p><strong>The Changing Nature of Threats</strong></p>
<p>When one thinks about threats to a supply chain, natural disasters usually first come to mind. Figure 1 shows the trend in major U.S. disaster declarations as reported from the Federal Emergency Management Administration (FEMA, 2011). While it is clear that there has been a rising trend in declarations, the reasons may vary from the increase in severe weather events due to climate change, to political influences. Figure 2 shows a trend in worldwide natural catastrophes (Munich RE, 2014).</p>
<p><img decoding="async" class="alignleft  wp-image-2181" src="/wp-content/uploads/SC-chart-1.png" alt="sc-chart-1" width="474" height="260" srcset="https://amickbrown.com/wp-content/uploads/SC-chart-1-200x110.png 200w, https://amickbrown.com/wp-content/uploads/SC-chart-1-300x165.png 300w, https://amickbrown.com/wp-content/uploads/SC-chart-1-400x220.png 400w, https://amickbrown.com/wp-content/uploads/SC-chart-1-600x330.png 600w, https://amickbrown.com/wp-content/uploads/SC-chart-1-768x422.png 768w, https://amickbrown.com/wp-content/uploads/SC-chart-1-800x439.png 800w, https://amickbrown.com/wp-content/uploads/SC-chart-1.png 996w" sizes="(max-width: 474px) 100vw, 474px" /></p>
<p><strong>Figure 1 – Trend in U.S. Disaster Declarations</strong></p>
<p><img decoding="async" class="alignleft  wp-image-2186" src="/wp-content/uploads/SC-chart-2.png" alt="sc-chart-2" width="481" height="289" srcset="https://amickbrown.com/wp-content/uploads/SC-chart-2-200x120.png 200w, https://amickbrown.com/wp-content/uploads/SC-chart-2-300x180.png 300w, https://amickbrown.com/wp-content/uploads/SC-chart-2-400x240.png 400w, https://amickbrown.com/wp-content/uploads/SC-chart-2-600x361.png 600w, https://amickbrown.com/wp-content/uploads/SC-chart-2-768x462.png 768w, https://amickbrown.com/wp-content/uploads/SC-chart-2-800x481.png 800w, https://amickbrown.com/wp-content/uploads/SC-chart-2.png 802w" sizes="(max-width: 481px) 100vw, 481px" /></p>
<p><strong>Figure 2 – Trend in Worldwide Natural Catastrophic Losses</strong></p>
<p>As evident in the Figure, there’s an ever growing trend in measured losses. While natural catastrophes have been occurring since the beginning of time, their effects over the years have been more far reaching due to population growth and insurability trends. These trends, combined with human created disruptions, together have created an environment of increased volatility for supply chains, as depicted in Figure 3 (Martin &amp; Howleg, 2011).</p>
<p><img decoding="async" class="alignleft  wp-image-2187" src="/wp-content/uploads/SC-Chart-3.png" alt="sc-chart-3" width="476" height="201" srcset="https://amickbrown.com/wp-content/uploads/SC-Chart-3-200x84.png 200w, https://amickbrown.com/wp-content/uploads/SC-Chart-3-300x127.png 300w, https://amickbrown.com/wp-content/uploads/SC-Chart-3-400x169.png 400w, https://amickbrown.com/wp-content/uploads/SC-Chart-3-600x253.png 600w, https://amickbrown.com/wp-content/uploads/SC-Chart-3-768x324.png 768w, https://amickbrown.com/wp-content/uploads/SC-Chart-3-800x338.png 800w, https://amickbrown.com/wp-content/uploads/SC-Chart-3.png 857w" sizes="(max-width: 476px) 100vw, 476px" /></p>
<p><strong>Figure 3 – Trend in Supply Chain Volatility</strong></p>
<p>This Figure shows the annual volatility in a composite set of key business parameters such as exchange rates, interest rates, shipping costs and raw material prices. They are combined into a single volatility index using the coefficient of variation (CoV) of the business indices representing these parameters to produce a normalized volatility metric. While in the far past there has been a timely return to supply chain stability following adverse events, the recent increase in volatility bandwidth questions whether this trend would likely continue. The high collective swings (versus individual swings) in key business parameters, which may be correlated with each other, suggests that an alternative approach to designing supply chains and managing supply chain risk might be preferred.</p>
<p>Volatility can arise from many possible undesirable hazards, conditions or trigger events. The likelihood of such events compromising a supply chain’s vulnerability is regarded as a threat. Table 1 lists categories of possible threat sources and examples within each category. The list was compiled from several studies and is not meant to be all-inclusive (Tummala &amp; Schoenherr, 2011) (World Economic Forum, 2012) (Accenture and World Economic Forum, 2013) (Chopra &amp; Sodhi, 2004).</p>
<p>&nbsp;</p>
<p><strong>Table 1 – Supply Chain Threat Sources</strong></p>
<table>
<tbody>
<tr>
<td><span style="text-decoration: underline;"><strong>Disruptions</strong></span></p>
<ul>
<li>Natural disasters</li>
<li>Terrorism and wars</li>
<li>Labor disputes/shortage</li>
<li>Single source of supply</li>
<li>Insufficient supplier capacity or responsive</li>
<li>Extreme Weather</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Capacity</strong></span></p>
<ul>
<li>Capacity inflexibility</li>
<li>Capacity cost increase</li>
<li>Geographical concentration</li>
<li>Insufficient capacity</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Information System </strong></span></p>
<ul>
<li>Over-reliance on systems</li>
<li>Information infrastructure outages</li>
<li>Insufficient system/network integration</li>
<li>Incompatible IT platforms</li>
<li>Unavailable data/information</li>
<li>Inaccurate data/information</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Sovereign Regional instability</strong></span></p>
<ul>
<li>Conflict &amp; political unrest</li>
<li>Government regulations</li>
<li>Loss of control</li>
<li>Intellectual property breaches</li>
<li>Corruption</li>
<li>Export/import restrictions</li>
<li>Illicit trade &amp; organized crime</li>
<li>Ownership/investment restrictions</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Strategy &amp; Operations</strong></span></p>
<ul>
<li>Lean processes</li>
</ul>
</td>
<td><span style="text-decoration: underline;"><strong>Demand/Customer</strong></span></p>
<ul>
<li>Frequent changes in demand</li>
<li>Sudden unforeseen demand surges/dips</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Process Design changes</strong></span></p>
<ul>
<li>Communication gaps</li>
<li>Inaccurate specifications</li>
<li>Supplier non-compliance</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Procurement Unqualified supplier</strong></span></p>
<ul>
<li>Inflexibility of supplier</li>
<li>Poor supplier quality or process yield</li>
<li>Supplier insolvency</li>
<li>Rate of exchange</li>
<li>Flawed supplier&#8217;s sourcing</li>
<li>Commodity price volatility</li>
<li>Global energy shortages</li>
<li>Lack of supplier transparency</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Transportation Paperwork and scheduling</strong></span></p>
<ul>
<li>Strikes</li>
<li>Port capacity/congestion</li>
<li>Higher costs of transportation</li>
<li>Piracy</li>
<li>Infrastructure failures</li>
<li>Excessive handling</li>
<li>Custom clearances at ports</li>
<li>Border delays</li>
<li>Transportation breakdowns</li>
</ul>
<p><span style="text-decoration: underline;"><strong>Structural Fragmentation along the supply chain</strong></span></p>
<ul>
<li>Extensive subcontracting</li>
<li>Dependency on a single source of supply</li>
<li>Extensive outsourcing</li>
<li>Extensive offshoring</li>
<li>Product/supply network complexity</li>
</ul>
</td>
</tr>
</tbody>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p><strong>The Changing Course in Risk Management</strong></p>
<p>Many supply chains are designed under the assumption of operating in stable environment (Martin C. H., 2011). While approaches such as Just-in-Time (JIT) and product-focused production are designed to minimize variation, maximize efficiency and ultimately reduce costs, they require a more rigid command-control management strategy which may not necessarily respond well in a volatile environment. In addition, the effects of volatility can be further amplified in a rigid supply chain that lacks resiliency. <em>Building supply chain resiliency may counter the notion of an efficient operation, since it requires the addition and re-allocation of capacity, inventory and other resources that could serve as shock absorbers to withstand disruption.</em> Since these controls will entail added costs, the use of a risk analysis methodology would be an effective tool in helping firms identify, evaluate and prioritize the most cost-effective risk-control options. It was clearly evident in Table 1 that there can be numerous sources of threats to a supply chain. However, since many threats can have similar outcomes on a supply chain operation, control options can be devised using an “all hazards” philosophy, which entails implementing controls to minimize the common effects of multiple threats or threat categories.</p>
<p><strong>Conclusions</strong></p>
<p>Supply chain disruptions can arise from many sources, both natural and man-made. Current trends indicate a continued rise in measured losses from natural events and increased business volatility in response to man-made events. Traditional supply chain structures designed for operational efficiency may not necessarily be able to withstand disruptions arising from numerous threat sources. Creating a more resilient supply chain may require the use of risk assessment tools and methods to help decision-makers identify the most cost effective controls that could minimize the common effects arising from multiple threats. In the next article, we will examine some common supply chain vulnerabilities and their ensuing risks.</p>
<p><strong>Bibliography</strong></p>
<p>Accenture and World Economic Forum. (2013). <em>Building Resilience in Supply Chains.</em> Accenture.</p>
<p>Chopra, S., &amp; Sodhi, M. S. (2004). Managing Risk To Avoid Supply-Chain Breakdown. <em>MIT Sloan Management Review, 46</em>(1), 53-61.</p>
<p>FEMA. (2011). <em>Democratic Blog News</em>. Retrieved from http://www.demblognews.com/2011/09/water-development-board-report-says.html</p>
<p>Martin, C. H. (2011). Supply Chain 2.0: Managing Supply Chains in the Era of Turbulence. <em>International Journal of Physical Distribution &amp; Logistics Management, 41</em>(1), 63-82.</p>
<p>Martin, C., &amp; Howleg, M. (2011). Supply Chain 2.0: Managing Supply Chains in the Era of Turbulence. <em>International Journal of Physical Distribution &amp; Logistics Management, 41</em>(1), 63-82.</p>
<p>Munich RE. (2014, January). <em>Topics Geo: After the Floods.</em> Munchen: Munich RE.</p>
<p>Tummala, R., &amp; Schoenherr, T. (2011). Assessing and Managing Rrisks Using the Supply Chain Risk Management Process (SCRMP). <em>Supply Chain Management: An International Journal, 16</em>(6), 474–483.</p>
<p>World Economic Forum. (2012). <em>New Models for Addressing Supply Chain and Transport Risk.</em> World Economic Forum.</p>
<p>The post <a href="https://amickbrown.com/the-nature-of-supply-chain-risk/">The Nature of Supply Chain Risk</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>Why SAP HANA and Spark for Big Data Predictive Analytics</title>
		<link>https://amickbrown.com/why-sap-hana-and-spark-for-big-data-predictive-analytics/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Tue, 09 Aug 2016 13:13:51 +0000</pubDate>
				<category><![CDATA[Big data]]></category>
		<category><![CDATA[HANA]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[big data]]></category>
		<category><![CDATA[David Jonker]]></category>
		<category><![CDATA[predictive analytics]]></category>
		<category><![CDATA[sap]]></category>
		<category><![CDATA[Spark]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=312</guid>

					<description><![CDATA[<p>By David Jonker, Sr Director SAP Big Data Product Marketing, Technology &amp; Innovation Platform Big Data offers analysts and data scientists the opportunity to build more sophisticated and more accurate predictive models than before, but without the right data environment, it’s not easy. It requires an in-memory architecture that supports thousands of columns and billions of  [...]</p>
<p>The post <a href="https://amickbrown.com/why-sap-hana-and-spark-for-big-data-predictive-analytics/">Why SAP HANA and Spark for Big Data Predictive Analytics</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>By<a href="https://ca.linkedin.com/in/david-jonker-61b6a12"> David Jonker, </a></p>
<p>Sr Director SAP Big Data Product Marketing, Technology &amp; Innovation Platform</p>
<p>Big Data offers analysts and data scientists the opportunity to build more sophisticated and more accurate predictive models than before, but without the right data environment, it’s not easy. It requires an in-memory architecture that supports thousands of columns and billions of rows and a predictive analytics tool that can harness that architecture, such as SAP BusinessObjects Predictive Analytics.</p>
<p><span id="more-13242"></span>Twentieth-century technology is insufficient. Blame it on the disk. Back in the 1980s, database engineers saw a world where memory was extremely expensive. Just one terabyte of RAM cost over $100 million US dollars. Today, we can get it for less than $5,000 US dollars. So, vendors built database architectures centered on the disk.</p>
<p>In a Big Data world, the disk is simply too slow. Consider this: reading 1 petabyte of data off a disk sequentially – i.e. no seeking, just end-to-end straight off the disk – takes 58 days using the fastest hard disk available today (according to the Tom’s Hardware website). SSD definitely speeds things up: two days with the fastest SSD RAID. It’ll cost millions to buy, though.</p>
<p>In many ways, Big Data is a real-time data access problem. That’s precisely why innovators are developing new ways to store and process data, all in an effort to get around the hard disk bottleneck. All of the approaches, in essence, minimize the bottleneck in order to improve response time.</p>
<p><strong>Distributed Computing</strong></p>
<p>Distributed computing spreads a lot of data across many disks that can all be read simultaneously. Hadoop builds on the concept of distributed computing, but opens up the platform to handle any data set with any arbitrarily designed algorithm. To overcome the disk, the Hadoop community built Apache Spark, which provides a distributed data processing architecture, like Hadoop HDFS, that operates in-memory across commodity hardware.</p>
<p><strong>Columnar Databases</strong></p>
<p>Like distributed databases and Hadoop, columnar databases optimize data storage architecture in order to reduce the amount of data read off any one disk. It does this by grouping related attributes, or columns, together. The assumption is that most analytical queries only use a subset of columns, so you should only access data related to those specific columns. They also highly compress the data, further reducing the number of bits read off disk.</p>
<p><strong>In-Memory Databases</strong></p>
<p>In-memory databases take it to a whole new level by removing the disk from the equation altogether. It leverages the power of today’s processors to read and analyze data at a raw speed that’s 1,000 to 10,000 times faster than reading data off the disk. In some cases, customers have experienced performance gains of 100,000 times faster. How?</p>
<p>–   Compress the data with in-memory columnar data stores</p>
<p>–   Move the data accessed most often into L1 caches on the chip</p>
<p>That’s why we are so bullish about in-memory and the SAP HANA platform for Big Data. That’s not to say disk solutions don’t have a role to play. <em>But…</em>at the core you want an in-memory system that can run algorithms where your data is. No moving the data to the algorithms, that doesn’t work in a Big Data world. Instead, move the core algorithms into the data system.</p>
<p><strong>SAP BusinessObjects Predictive Analytics</strong></p>
<p>SAP BusinessObjects Predictive Analytics is the right tool for business analysts and data scientists to build predictive models from Big Data. First and foremost, it can analyze data inside SAP HANA and Apache Spark. There’s no need to transfer data out of these environments for processing. Rather, the SAP BusinessObjects Predictive Analytics processing engine can run inside these tools –  dramatically improving performance.</p>
<p>SAP BusinessObjects Predictive Analytics is also able to analyze exceptionally wide datasets. In fact, you can have up 15,000 columns in a dataset, while other tools support only a few hundred to 1,000 columns at most. This ensures that your predictive models provide the greatest level of accuracy possible.</p>
<p>Big Data is radically altering our world. It’s a game changer. For those who grab hold of it, you have an opportunity to propel your business forward – and the surest way forward is with SAP BusinessObjects Predictive Analytics running on SAP HANA or Apache Spark. It is the best combination for building predictive models on Big Data, whether you’re a business analyst or data scientist.</p>
<p>&nbsp;</p>
<p>The post <a href="https://amickbrown.com/why-sap-hana-and-spark-for-big-data-predictive-analytics/">Why SAP HANA and Spark for Big Data Predictive Analytics</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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		<title>Reimagine Predictive Analytics for the Digital Enterprise</title>
		<link>https://amickbrown.com/reimagine-predictive-analytics-for-the-digital-enterprise/</link>
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		<dc:creator><![CDATA[amick.brown]]></dc:creator>
		<pubDate>Mon, 06 Jun 2016 20:02:35 +0000</pubDate>
				<category><![CDATA[Analytics]]></category>
		<category><![CDATA[Big data]]></category>
		<category><![CDATA[Predictive Analytics]]></category>
		<category><![CDATA[SAP]]></category>
		<category><![CDATA[Digital Enterprise]]></category>
		<category><![CDATA[PA]]></category>
		<category><![CDATA[Pierre Leroux]]></category>
		<category><![CDATA[predictive analytics]]></category>
		<category><![CDATA[sap]]></category>
		<guid isPermaLink="false">http://blogs.amickbrown.com/?p=268</guid>

					<description><![CDATA[<p>As part of a broad announcement made at SAPPHIRE NOW 2016, SAP announced a range of new features and capabilities in its analytics solutions portfolio. Because predictive capabilities play an important role in the portfolio, I thought I’d take this opportunity to share the details of our innovations in both SAP BusinessObjects Cloud and  [...]</p>
<p>The post <a href="https://amickbrown.com/reimagine-predictive-analytics-for-the-digital-enterprise/">Reimagine Predictive Analytics for the Digital Enterprise</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div class="fusion-fullwidth fullwidth-box fusion-builder-row-3 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling" style="--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;" ><div class="fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap" style="max-width:1216.8px;margin-left: calc(-4% / 2 );margin-right: calc(-4% / 2 );"><div class="fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-flex-column" style="--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;"><div class="fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column"><div class="fusion-text fusion-text-3"><div class="post-content">
<p>As part of a <a href="http://news.sap.com/sap-businessobjects-portfolio-delivers-modern-analytics-for-the-digital-enterprise/" target="_blank" rel="noopener">broad announcement</a> made at <a href="http://events.sap.com/sapandasug/en/home.html" target="_blank" rel="noopener">SAPPHIRE NOW 2016</a>, SAP announced a range of new features and capabilities in its analytics solutions portfolio. Because predictive capabilities play an important role in the portfolio, I thought I’d take this opportunity to share the details of our innovations in both SAP BusinessObjects Cloud and SAP BusinessObjects Predictive Analytics.</p>
<p><strong>Innovations in SAP BusinessObjects Cloud</strong></p>
<p>Predictive analytics capabilities have been added to the SAP BusinessObjects Cloud offering. Business users can use an intuitive graphical user interface to investigate business scenarios by leveraging powerful built-in algorithmic models. For example, users can perform financial projections with time series forecasts, automatically identify key influencers of operational performance, and determine factors impacting employee performance with guided machine discovery.</p>
<p><strong>Innovations in SAP BusinessObjects Predictive Analytics</strong></p>
<p>Predictive analytics features that aim to help analysts easily deliver predictive insights across an enterprise’s business processes and applications are planned for availability in the near term.</p>
<p>Planned innovations include:</p>
<ul>
<li>Automated predictive analysis of Big Data with native Spark modeling in Hadoop environments</li>
<li>Enhancements for SAP HANA include in-database social network analysis and embedding expert model chains</li>
<li>A new simplified user interface for the predictive factory and automated generation of segmented forecast models</li>
<li>Integration of third-party tools and external processes into predictive factory workflows</li>
<li>The ability to create and manage customized models that detect complex fraud patterns for the SAP Fraud Management analytic application</li>
</ul>
<p><em>Learn more about what SAP Predictive Analytics has in store.</em></p>
<p><strong>Upcoming Release of SAP Predictive Analytics</strong></p>
<p><a href="https://www.youtube.com/watch?v=pJggY59a8vs" target="_blank" rel="noopener">Watch the video</a> about our upcoming release of SAP Predictive Analytics for more information.</p>
<p><a href="https://www.youtube.com/watch?v=pJggY59a8vs" class="fusion-no-lightbox"><img decoding="async" class="alignnone wp-image-128 size-medium" src="http://blogs.amickbrown.com/wp-content/uploads/2016/01/growth-graph-300x199.jpg" width="300" height="199"></a></p>
</div>
<p>Thank you to <a href="https://ca.linkedin.com/in/pleroux">Pierre Leroux</a>, Director, Predictive Analytics Product Marketing, SAP for writing this informative article.</p>
<p><a href="http://www.amickbrown.com">AmickBrown.com</a></p></p>
</div></div></div></div></div>
<p>The post <a href="https://amickbrown.com/reimagine-predictive-analytics-for-the-digital-enterprise/">Reimagine Predictive Analytics for the Digital Enterprise</a> appeared first on <a href="https://amickbrown.com">Amick Brown</a>.</p>
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