Financial Risk Management Framework
Big Data Capabilities
The Power of Big Data
Data Governance Challenges in Data Sharing
Change
Summary
Planning
Big Data
Big Data Capabilities 
Capabilities of Big Data The capabilities of big data can be categorized into several key areas: Data Storage and
Management Data Processing and Analysis Data Visualization Predictive Analytics Real-time Analytics Machine Learning and AI Data Governance and Security
...technologies include: Technology Description Hadoop An open-source
framework that allows for distributed storage and processing of large data sets across clusters of computers
...Risk Management: Predicting potential risks and fraud detection in
financial services
...
The Power of Big Data Risk Management Data analytics helps in identifying potential risks and mitigating them proactively
...Finance
Financial institutions use Big Data for fraud detection, risk assessment, and personalized financial services
...analytics, including: Technology/Tool Description Hadoop An open-source
framework that allows for the distributed processing of large data sets across clusters of computers
...
Data Governance Challenges in Data Sharing Data governance refers to the
management of data availability, usability, integrity, and security in enterprise systems
...insights and foster innovation, it also presents several challenges that must be addressed through robust data governance
frameworks
...Case Study 2:
Financial Services Collaboration A financial services firm faced challenges in sharing data with external partners due to varying data quality and security concerns
...standardized data formats and enhancing security protocols, the firm was able to share data more effectively, leading to improved
risk assessment and decision-making
...
Change The Role of Big Data in Change
Management Big data plays a crucial role in managing change within organizations
...Risk Management: Using data to predict and mitigate potential risks
...The following steps outline a
framework for successfully managing change through data analytics: Identify the Need for Change: Recognize the internal and external factors necessitating change
...Cost of Implementation: The
financial investment required for data analytics tools can be significant
...
Summary Probability Theory: This is the mathematical
framework for quantifying uncertainty
...Sales forecasting,
risk assessment Time Series Analysis Analyzing data points collected or recorded at specific time intervals
...Financial Analysis: Financial analysts use statistical techniques to assess investment risks, forecast revenues, and evaluate financial performance
...Operations
Management: Statistical quality control is used to monitor and improve manufacturing processes and service delivery
...
Planning Planning is a fundamental aspect of business
management that involves setting objectives and determining a course of action for achieving those objectives
...Risk Management Planning helps identify potential risks and develop strategies to mitigate them
...SMART Goals: A
framework for setting Specific, Measurable, Achievable, Relevant, and Time-bound goals
...Resource Constraints: Limited
financial or human resources can restrict planning efforts
...
Big Data (K)
Transactional Data Data generated from sales transactions, online purchases, and
financial records
...Risk Management: Identifying and mitigating risks in financial services and insurance
...Technology Description Apache Hadoop An open-source
framework that allows for distributed storage and processing of large data sets across clusters of computers
...
Big Data-Driven Decision Making Processes Big data-driven decision making processes refer to the methodologies and
frameworks organizations utilize to analyze vast amounts of data to inform strategic decisions
...effectiveness Finance
Risk assessment and fraud detection Enhanced
financial security Operations Supply chain optimization Increased efficiency and reduced costs
...
Support Product Strategy Development Financial Analysis: Evaluating the economic viability of product strategies
...Risk Management Evaluating potential risks and suggesting mitigation strategies
...Benefits of Support Product Strategy Development Implementing a robust support product strategy development
framework offers numerous benefits: Enhanced Decision-Making: Data-driven insights enable more informed choices
...
Execution It combines lean manufacturing principles with Six Sigma quality
management to enhance execution efficiency
...Balanced Scorecard The Balanced Scorecard provides a
framework for aligning business activities to the vision and strategy of the organization
...It integrates
financial and non-financial performance measures to ensure a comprehensive execution strategy
...By analyzing historical patient data, the organization identified high-
risk patients and proactively managed their care, leading to a 30% reduction in hospital readmissions
...
Franchise ohne Eigenkapital 
Der Start per Franchise beginnt mit der Auswahl der Geschäftsidee unter Berücksichtigung des Eigenkapital, d.h. des passenden Franchise-Unternehmen. Eine gute Geschäftsidee läuft immer wie von ganz alleine - ob mit oder ohne eigenes Kapitial. Der Franchise-Markt bietet immer wieder Innnovationen - so auch Franchise ohne Eigenkapital...
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