Somebody once mentioned to me that there is a need for a standard method of performance evaluation that can be applied to all employees regardless of their exact duties: e.g. to compare a janitor to an accountant. In my jurisdiction, there is a regulatory requirement for "equal pay for work of equal value" that can affect companies with government contracts. I consider the concept of "equal value" complicated due to its subjective nature. Certainly two people handling exactly the same work…Continue
Added by Don Philip Faithful on July 5, 2014 at 7:31am — No Comments
A few semesters into my undergraduate studies, I decided to move away from campus in order to escape the incessant party atmosphere. I chose to rent an old but roomy apartment in Kitchener, Ontario. I read somewhere that this city was formerly called New Munich. One day in the dead of morning, I heard loud banging and smashing downstairs. It seemed that neither I nor my cat could sleep, so I went to investigate. I saw the owner of the building at the front entrance of the apartment holding a…Continue
Added by Don Philip Faithful on June 21, 2014 at 6:27am — No Comments
Above is a distribution of price differentials for the Dow Jones Industrial Average from the 1930s. The image was generated by one of my programs called Storm. I posted a few images from the same application in other blogs. If I recall correctly, the more volatile differentials (closer to the action) are at top; the more stable differentials (further from the…Continue
Added by Don Philip Faithful on May 24, 2014 at 6:51am — No Comments
I was often the lone wolf among my peers in university because I supported a prominent place in society for corporations and an important social role for capital. I questioned whether the directors and executives of companies entered into boardrooms really intending to “oppress” people such as minorities and people with disabilities. Did they deliberately make bathrooms inaccessible to people in wheelchairs perhaps to advance their preconceptions of who gets to go to the bathroom, I pondered…Continue
Added by Don Philip Faithful on May 10, 2014 at 9:44am — No Comments
I tend to examine the different roles played by data. For instance, when I work on computer code, I often ask myself what the presence of data is meant to accomplish. Sometimes the analysis is not at all straightforward or simple. In society and organizations, people exist and persist in the records as data. The data survives even as employees come and go. I therefore consider it important to regard the data and its environment as a system in itself, something that has a life all of its own.…Continue
Added by Don Philip Faithful on May 3, 2014 at 6:30am — No Comments
There was a television interview of a man who had to deal with severe breathing problems through much of his adult life. He underwent various procedures although he found little relief. In fact, the adverse impact to his body was long-lasting. So he was surprised to discover how he was extremely allergic to his breakfast cereal, something that he ate almost without fail. When he stopped eating the cereal, his breathing problems disappeared. I am sure that many people would regard the…Continue
Added by Don Philip Faithful on April 27, 2014 at 8:26am — No Comments
The commodification of labour coincides with technological advancements in production: it is perhaps most noticeable in relation to factories. Factory processes replaced the labour once done by skilled tradespeople. It might not be obvious how this trend has continued to this day and is now affecting professionals in complex fields including those in the data sectors. I am talking about the "made to order" and "off the shelf" acquisition of labour commodities. What I describe as commodities…Continue
Added by Don Philip Faithful on February 22, 2014 at 7:05am — No Comments
Your custom MDM solution: Don’t make these mistakes (Part 1)
Most MDM implementations will be based on a commercial software product. By relying on a packaged solution, the architectural considerations have been addressed by the software vendor, allowing the project team to focus on the data management considerations. However, there are cases when a custom MDM solution may be needed. When proceeding down the path of custom development for MDM, we have some advice for you:…Continue
Added by Sullexis LLC on January 29, 2014 at 11:15am — No Comments
What is MDM and what does it involve?
MDM aims at referencing, managing and synchronising all the data across a company (e.g. products and customers data) to ensure the liability and preciseness. By using a good data management, the company will be able to simplify its processes, to avoid overlap and to ensure the quality and usability of the data. MDM has impacts on different levels for a company. On the business side, it affects speed,…
Added by Michel Bruley on January 2, 2014 at 12:48am — No Comments
A prominent discrimination case in Canada involves a firefighter named Tawney Meiorin. Meiorin had successfully performed her duties as a firefighter for many years. She lost her job after the introduction of mandatory testing to determine her fitness for the position. The testing measured aerobic capacity, and it was developed in a manner that many would regard as scientific; that is to say, it used a highly quantitative and analytic approach. However,…Continue
With immense growth in technology, financial institutes, skyscrapers and malls, one can find that the number of consumers have increased exponentially in the Middle East over the past few years. Reports suggests that 91% of the population comprises of expats in UAE enjoying high salaries and tax free benefits.
Moreover, the options to spend your money have gotten bigger and better with UAE working towards the initiative to build Smart Cities setting strong infrastructure fundamentals…Continue
Added by IPSITA on November 22, 2013 at 12:02pm — No Comments
The Balanced Scorecard (BSC) is a new buzz-word that stands for the performance management magic pill. Many books on management praise this business concept and report an impressive adoption rate by Fortune 1000 companies. When it comes to practice it appears that only top management in the company knows about the Balanced Scorecard and it is used at a minimum of its potential.
Balanced Scorecard and…Continue
Relationships are built on trust and mutual understanding – if a company wants customers to trust them with their data, the company must foster that trust. Data governance and sensitivity about your customers’ data must be enforced internally and communicated externally – to your customers.
Added by Ben Gold on April 22, 2013 at 11:30am — No Comments
Relationships are built on trust and mutual understanding. Building a 360 degree customer data profile facilitates the marketers’ understanding of their customers. This in turn, helps marketers provide their customers the best experience and service, target product offerings, and produce relevant communications. The key to building a 360-degree customer profile is aggregating as much relative data as possible. Centralizing the 360-degree profile in an easily accessible and robust…Continue
Added by Ben Gold on April 17, 2013 at 11:30am — No Comments
Technology to store, manage, search and analyze Big Data leaps to the top of the agenda for Financial Institutions as enterprise NoSQL databases come of age.
Financial Institutions are focused on initiatives to survive in a world where regulatory pressure, risk mitigation and increasing volumes of data continue to pressure legacy infrastructures. Improved…Continue
Excellent customer communications is now a recognized component to drive sales and give Insurance companies the competitive advantage. Here are some tips when utilizing analytics to solve marketing solutions while keeping the customer in mind:
Added by Ben Gold on January 10, 2013 at 12:00pm — No Comments
Two weeks ago I attended the Customer Insight & Analytics Exchange in London, in which I participated as a speaker. See Maz Iqbal's account of these two days here:
One of my personal highlights from day 1 was Suresh Vittal's presentation (Forrester). He…Continue
Past week I attended a Marketing colloquim where I was invited as a panel member to discuss the new realities of marketing performance and metrics. What struck me was the growing importance of Data across sectors and company size. But aside from the consensus that existed on the importance of Data in defining, adapting and evaluating go-to-market approaches, there were a multitude of opinions on how to realise this – in particular on the amount of technology investments…Continue
Added by Patrick Glenisson on June 4, 2012 at 9:10am — No Comments