Technology is playing a central role in supporting businesses to deliver valuable insights. However, that data by itself is not the only variable that will drive value. More important than designing insights, is designing actionable insight.
Standardisation driven by open technologies will change the landscape of risk management in many industries. Companies are likely to focus on suppliers that are delivering actual value as the foundation of software tools and systems becomes less important and more ubiquitous. New ways of managing risks such as optimisation models and data-driven decisions will add value to end-users and help companies advance their decision-making process. The impact of this range of risk management techniques will be considerable – savings on maintenance and operational expenditure will easily be realised. More efficiencies will emerge, and actionable insight will be central to a new data-driven operational world.
This whitepaper discusses how open technologies will drive efficiencies in all industries, and the importance of algorithms in delivering actionable insight.